HALISTER1: INDIA RATINGS: Oriental Pathways Raised; TRF Cut

INDIA RATINGS: Oriental Pathways Raised; TRF Cut

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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NI INRATINGS , click on Display & Edit, then Set Alert Delivery DOWNGRADES
  • TRF Ltd.
    • Long-term bank facilities cut to BBB+ from A- at Care
    • Cites subdued financial performance, weak capital structure and tight liquidity position in FY16 and 1H FY17.
UPGRADES
  • Oriental Pathways (Nagpur)
    • Long-term bank facilities raised to B+ from D at Care
    • Cites improvement in toll collection, debt servicing track record and financial support from founders
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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TRF IN (TRF Ltd)
1325297D IN (Sudiva Spinners Pvt Ltd)

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