INDIA RATINGS: Reliance Communications Cut; Energon Power Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
RCOM IN (Reliance Communications Ltd)
ACCC US (ACC Corp/US)
RELC IN (Relcon Infraprojects Ltd)
0611228D IN (Coastal Energy Pvt Ltd)
0661729D SP (Equis Pte Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Coastal Energy
- Fund-based limits cut to D from BB at ICRA
- Cites delays in servicing debt obligations
- Relcon Infraprojects
- Long-term loan facilities cut to BB- from BB+ at Crisil
- Expects liquidity to remain under pressure over the medium term due to high repayments
- Reliance Communications
- LT fund-based limits cut to BB from BBB at ICRA
- LT fund-based limits of Reliance Telecom and Reliance Infratel cut to BB from BBB at ICRA
- Cites weakening outlook of revenue generation and profitability of the group
- Century 21 Town Planners
- Fund-based limits raised to BB from B+ at ICRA
- Cites healthy operating profile
- Energon Power Resources
- Term loans raised to A- from BBB+ at ICRA
- Cites satisfactory operating track record of its wind power capacity
- Fonroche Saaras Energy
- Long-term bank facilities raised to A from A- at Crisil
- Cites reduction in borrowing cost on its term loans following acquisition of the companies by Hinduja Group
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
RCOM IN (Reliance Communications Ltd)
ACCC US (ACC Corp/US)
RELC IN (Relcon Infraprojects Ltd)
0611228D IN (Coastal Energy Pvt Ltd)
0661729D SP (Equis Pte Ltd)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283