HALISTER1: INDIA RATINGS: Pratibha Industries Cut; Wonderla Holidays Raised

INDIA RATINGS: Pratibha Industries Cut; Wonderla Holidays Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Pratibha Industries
    • Long-term loan facilities cut to D from BB at Crisil
    • Cites recent delays in meeting debt obligations
UPGRADES
  • Minda Industries
    • Cash credit facilities raised to AA- from A+ at ICRA
    • Cites strong growth in revenues
  • Rajaguru Spinning Mills
    • LT loan facilities raised to BBB from BBB- at Crisil
    • Cites better-than-expected operating performance
  • Wonderla Holidays
    • Term loan facilities raised to AA- from A+ at ICRA
    • Cites consistent improvement in operational, financial performance
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PRIL IN (Pratibha Industries Ltd)
WONH IN (Wonderla Holidays Ltd)
MNDA IN (Minda Industries Ltd)

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