HALISTER1: INDIA RATINGS: Raj Television Cut; Sawan Engineers Raised

INDIA RATINGS: Raj Television Cut; Sawan Engineers Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • Raj Television
    • Cash credit, term loan cut to BBB- from BBB at Brickwork
    • Cites reduced profitability
UPGRADE
  • Sawan Engineers
    • Long-term bank facilities raised to BBB- from BB- at Crisil
    • Expects improvement in revenue due to capacity expansion

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
RAJT IN (Raj Television Network Ltd)

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