HALISTER1: INDIA RATINGS: Prataap Snacks, Ratan Housing Raised

INDIA RATINGS: Prataap Snacks, Ratan Housing Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Prataap Snacks
    • Long-term fund-based cash credit raised to A from A- at ICRA
    • Cites healthy sales volumes
  • Ratan Housing Development
    • Fund-based limits raised to BB+ from BB at ICRA
    • Cites limited execution risks due to steady overall execution progress across company’s real estate projects
  • Vikrant Extrusion
    • Fund-based limits raised to BB from BB- at ICRA
    • Cites steady improvement in operating margin

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0526738D IN (Prataap Snacks Pvt Ltd)

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