HALISTER1: INDIA RATINGS: Prakash Asphaltings, VRL Logistics Raised to BBB+

INDIA RATINGS: Prakash Asphaltings, VRL Logistics Raised to BBB+

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Gujarat JHM
    • Long-term bank facilities raised to BBB+ from BBB at Care
    • Cites improvement in profitability
  • JSL Lifestyle
    • LT bank facilities increased to BBB- from BB+ at Care
    • Cites improved orderbook position
  • Prakash Asphaltings
    • LT bank facilities lifted to BBB+ from BBB at Care
    • Cites significant scaling-up of operations
  • VRL Logistics
    • Term loan raised to BBB+ from BBB at ICRA
    • Cites improvement in leverage levels
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
VRLL IN (VRL Logistics Ltd)
172798Z US (JHM Hotels Inc)
1082842D IN (Prakash Asphaltings & Toll Highways India Ltd)

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