INDIA RATINGS: Raunaq EPC Cut; Santlal Industries Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Raunaq EPC International
- Long-term rating cut to BB+ from BBB- at Crisil
- Cites deterioration in business-risk profile in FY17, stretch in receivables with debtors
- Singhal Builders
- Long-term rating cut to BB- from BB at Crisil
- Cites weakening of business- risk profile, because of decline in revenues along with higher- than-expected cash withdrawal
- Santlal Industries
- Long-term rating raised to BB- from B+ at Crisil
- Cites improvement in business and financial risk profile
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
0671382D IN (Empowertrans Pvt Ltd)
0880122D IN (LH Sugar Factories Ltd)
TPWR IN (Tata Power Co Ltd/The)
Topics
India Macro News
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283