HALISTER1: INDIA RATINGS: Prashanth Poultry Cut; Arvind Techno Raised

INDIA RATINGS: Prashanth Poultry Cut; Arvind Techno Raised

(Bloomberg) -- Here’s a roundup of debt-rating changes of Indian cos. To get this story sent to your inbox in real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery. DOWNGRADES
  • Prashanth Poultry
    • Long-term loan facilities cut to D from B at Crisil
    • Cites delay in servicing debt
UPGRADES
  • Arvind Techno
    • LT bank facilities revised to A- from BBB+ at Care
    • Cites healthy order book position
  • Malabar Diamond Gallery
    • LT loan facilities revised to BBB- from BB at Crisil
    • Cites benefits that group will derive from ongoing consolidation process
  • Visual Percept Solar
    • Term loan revised to A from A- at ICRA
    • Cites stable performance of solar power plant for the last 4 yrs of operation
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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