INDIA RATINGS: Punjab Retail Cut; Ravin Cables Raised
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Punjab Retail
- Fund-based facilities cut to BBB- from BBB at ICRA
- Cites slowdown in revenue growth in FY16
- Ravin Cables
- LT rating raised to BBB- from BB+ at Crisil
- Cites improvement in co.’s business risk profile
- Sri Balaji Assemblies and Plastics
- LT rating at BB+ from BB at Crisil
- Cites steady improvement in operating performance
Source: BFW (Bloomberg First Word)
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UUID: 7947283