HALISTER1: INDIA RATINGS: Orient Bell, Patel Infrastructure Raised

INDIA RATINGS: Orient Bell, Patel Infrastructure Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Devi Engineering
    • Long-term bank facilities raised to BB+ from BB at Crisil
    • Cites revenue growth, healthy operating margin
  • Orient Bell
    • LT bank facilities raised to A- from BBB+ at Crisil
    • Cites increase in operating profitability
  • Patel Infrastructure
    • LT bank facilities raised to A from A- at Care
    • Cites growth in scale of operations

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
OBL IN (Orient Bell Ltd)
1067273D IN (Patel Infrastructure Pvt Ltd)

Topics
First Word Credit Asia

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