INDIA RATINGS: MV Agro Renewable Cut; GMR Aviation Raised
Source: BFW (Bloomberg First Word)
Tickers
GMRI IN (GMR Infrastructure Ltd)
0671366D IN (Samruddha Resources Ltd)
To de-activate this alert, click here
UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
Alert: HALISTER1- To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
- MV Agro Renewable
- Term loan cut to B- from B+ at ICRA
- Cites lower-than-expected capacity utilization
- GMR Aviation
- Long-term bank facilities raised to BB- from B at ICRA
- Expects improvement in company’s operational, financial risk profile
- Samruddha Resources
- Fund-based limits raised to B- from D at ICRA
- Cites improved liquidity profile, which has resulted in regularization of debt service obligations
Source: BFW (Bloomberg First Word)
Tickers
GMRI IN (GMR Infrastructure Ltd)
0671366D IN (Samruddha Resources Ltd)
To de-activate this alert, click here
UUID: 7947283