HALISTER1: INDIA RATINGS: Needle Industries Cut; Lemstone Ceramic Raised

INDIA RATINGS: Needle Industries Cut; Lemstone Ceramic Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • Needle Industries
    • Short-term facilities cut to A3 from A3+ at ICRA
    • Cites revenue de-growth
UPGRADE
  • Lemstone Ceramic
    • Term loans raised to BB- from B+ at ICRA
    • Cites timely commissioning of project

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
6598908Z IN (Needle Industries India Pvt Ltd)

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