HALISTER1: INDIA RATINGS: Rasi Tex, VISA SunCoke, Sudha Agro Oil Cut

INDIA RATINGS: Rasi Tex, VISA SunCoke, Sudha Agro Oil Cut

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Rasi Tex
    • Long-term fund based limits cut to BBB- from BBB at ICRA
    • Cites reduction in operating margins
  • Sudha Agro Oil
    • Cash credit cut to BB+ from BBB- at ICRA
    • Cites decline in revenue
  • VISA SunCoke
    • Cash credit cut to D from BB+ at ICRA
    • Cites delays in debt servicing due to liquidity tightness

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
VISA IN (Visa Steel Ltd)
9770401Z IN (Rasi Tex India Pvt Ltd)

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