INDIA RATINGS: Panacea Cut; Nandi Economic, SE Forge Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PNCB IN (Panacea Biotec Ltd)
ASBL IN (Ashoka Buildcon Ltd)
BFUT IN (BF Utilities Ltd)
BJH IN (Bajaj Hindusthan Sugar Ltd)
1416241D IN (Maheshwaram Transmission Ltd)
Topics
First Word Credit Asia
India Macro News
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Bajaj Energy
- Long-term bank facilities cut to BB- from A at Care
- Cites uncertainty over resumption of power supply from the company following termination of its agreement by UPPCL
- Panacea Biotec
- LT bank facilities cut to D from B+ at Care
- Cites delays in servicing debt obligation
- Ashoka Sambalpur Baragarh Tollway
- LT bank facilities raised to A- (SO) from BBB(SO) at Crisil
- Cites improvement in credit risk profile of parent Ashoka Concessions
- Maheshwaram Transmission
- Term loan raised to BBB from BBB- at ICRA
- Cites healthy pace of project execution
- Nandi Economic Corridor
- LT bank facilities raised to BBB from BBB- at Care
- Cites increase in toll revenues
- SE Forge
- Term loan raised to BBB+ from BBB at Care
- Cites improvement in operational, financial performance
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PNCB IN (Panacea Biotec Ltd)
ASBL IN (Ashoka Buildcon Ltd)
BFUT IN (BF Utilities Ltd)
BJH IN (Bajaj Hindusthan Sugar Ltd)
1416241D IN (Maheshwaram Transmission Ltd)
Topics
First Word Credit Asia
India Macro News
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283