HALISTER1: INDIA RATINGS: Real Strips Cut; Suryauday Solaire Raised

INDIA RATINGS: Real Strips Cut; Suryauday Solaire Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
DOWNGRADES
  • Real Strips
    • Long-term bank facilities cut to C from BB+ at Care
    • Cites acute liquidity stress
UPGRADES
  • Happy Home
    • LT bank facilities raised to BBB- from BB at Care
    • Cites improvement in capital structure
  • Mangalore SEZ
    • Term loan raised to A from A- at ICRA
    • Cites cash flow benefit expected in the initial period after refinancing debt to 20Y, from 9Y
  • Nehru Place Hotels
    • Term loans raised A from A- at ICRA
    • Cites healthy liquidity position
  • Suryauday Solaire Prakash
    • Term loan raised to BBB from BBB- at ICRA
    • Cites improved power generation levels
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
RLST IN (Real Strips Ltd)
110409Z IN (Nehru Place Hotels Ltd)
1393505D IN (Suryauday Solaire Prakash Pvt Ltd)

To de-activate this alert, click here

UUID: 7947283