INDIA RATINGS: Ran India Steel Cut; Signals and Systems Raised
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
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
- Ran India Steels
- Long-term rating cut to BB- from BB at Crisil
- Cites relative weakening in business risk profile due to subdued operating performing during FY16
- M.G.B. Mobiles
- Long-term rating raised to BB from BB- at Crisil
- Cites improvement in business risk profile driven by increase in scale of operations and better working capital cycle
- Signals and Systems India
- Long-term rating raised to BBB- from BB+ at Crisil
- Cites improvement in financial risk profile, supported by minimal debt dependence for funding working capital needs
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283