HALISTER1: INDIA RATINGS: Netmatrix Crop Cut; Express Infocom, Regen Raised

INDIA RATINGS: Netmatrix Crop Cut; Express Infocom, Regen 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
DOWNGRADE
  • Netmatrix Crop Care
    • Term loan cut to BB from BB+ at ICRA
    • Cites decline in operating margin, net losses
UPGRADES
  • Deevya Shakti Paper Mills
    • Long-term bank facilities raised to BBB+ from BBB at Care
    • Cites substantial improvement in profitability
  • Express Infocom
    • LT bank facilities raised to BB from B- at Crisil
    • Cites strong financial, operational support from parent
  • Regen Infrastructure
    • Cash credit raised to BBB-(SO) from BB(SO) at Care
    • Follows rating upgrade of guarantor Regen Powertech
  • Tamilnadu Waste Management
    • LT bank facilities raised to BBB from BBB- at Care
    • Cites growth in total operating income, healthy profitability margins
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
9537018Z IN (Deevya Shakti Paper Mills Pvt Ltd)
1345148D IN (Express Infocom Pvt Ltd)
9156243Z IN (Regen Powertech Pvt Ltd)

To de-activate this alert, click here

UUID: 7947283