HALISTER1: INDIA RATINGS: NDTV Cut to BBB+; Haldia Petrochemicals Raised

INDIA RATINGS: NDTV Cut to BBB+; Haldia Petrochemicals Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
DOWNGRADES
  • Best Milk Products
    • Long-term loan facilities cut to BB from BB+ at Crisil
    • Expects revenue to remain subdued over the medium term
  • New Delhi Television (NDTV)
    • LT bank facilities cut to BBB+ from A- at Care
    • Cites continued deterioration in financial risk profile of the company
UPGRADES
  • Alankit Assignments
    • LT bank facilities raised to BB+ from BB at Care
    • Cites profitable scale up of operations
  • GMR Sports
    • Fund-based limits raised to B+ from D at ICRA
    • Cites timely servicing of debt obligations since May
  • Haldia Petrochemicals
    • Term loans raised to A- from BBB+ at ICRA
    • Cites continuing robust financial performance due to high tolling margins, near full capacity utilization of plant leading to healthy cash accruals
  • Mahak Synthetics
    • LT loan facilities raised to BB from BB- at Crisil
    • Expects improvement in scale of operations
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
NDTV IN (New Delhi Television Ltd)
7559180Z IN (Alankit Assignments Ltd)
1117Z IN (Haldia Petrochemicals Ltd)

To de-activate this alert, click here

UUID: 7947283