INDIA RATINGS: Prithvi Ferro Cut; Vindhya Telelinks Raised
Source: BFW (Bloomberg First Word)
Tickers
VT IN (Vindhya Telelinks Ltd)
0373246D IN (Arjun Chemicals Pvt Ltd)
9536970Z IN (M Arunachalam Projects & Infrastructure Co Pvt Ltd)
0808706D IN (Prithvi Ferro Alloys Pvt Ltd)
9264057Z IN (Subburaaj Cotton Mill Pvt Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
Alert: HALISTER1- To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
- Arjun Chemicals
- Long-term bank facilities cut to BB+ from BBB at Crisil
- Cites pressure on liquidity due to increasing exposure to group companies
- KSK Water Infrastructures
- LT bank facilities cut to D from BB+(SO) at Care
- Cites weakening of credit profile of the company and the guarantor
- Prithvi Ferro Alloys
- LT bank facilities cut to D from B+ at Crisil
- Cites delay in timely servicing of debt obligations
- M Arunachalam Projects
- LT bank facilities raised to BB+ from BB at Crisil
- Cites stable revenue growth, better operating profitability
- Oneworld Industries
- LT bank facilities raised to BBB from BBB- at Crisil
- Cites larger scale of operation, low but steady increase in operating margin
- Shree Jagannath Expressways
- LT bank facilities raised to BB from D at Care
- Cites regularization of debt servicing
- Veebee Yarnntex
- Term loan facilities raised to BB from BB- at ICRA
- Expects improvement in group’s credit profile over the medium term
- Vindhya Telelinks
- LT bank limits raised to AA- from A+ at Care
- Cites significant improvement in total operating income
Source: BFW (Bloomberg First Word)
Tickers
VT IN (Vindhya Telelinks Ltd)
0373246D IN (Arjun Chemicals Pvt Ltd)
9536970Z IN (M Arunachalam Projects & Infrastructure Co Pvt Ltd)
0808706D IN (Prithvi Ferro Alloys Pvt Ltd)
9264057Z IN (Subburaaj Cotton Mill Pvt Ltd)
To de-activate this alert, click here
UUID: 7947283