INDIA RATINGS: Reliance Communications Cut; Sun Direct TV Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
RCOM IN (Reliance Communications Ltd)
ACCC US (ACC Corp/US)
947010Z IN (Maran Group/The)
Topics
Emerging Mkts News, Analysis
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Bhatia Wine Merchants
- Long-term bank facilities cut to BBB- from BBB at Crisil
- Cites weakening of liquidity due to additional debt of INR300m taken for incremental working capital requirement
- Envirad Projects
- LT bank facilities cut to BB from BB+ at Crisil
- Cites decline in operating income
- Reliance Communications
- LT bank facilities, NCDs cut to BB from A- at Care
- Cites increased competition, high debt levels, lower cash accruals
- RSL Distilleries
- LT bank facilities cut to B- from B at Crisil
- Cites delay in commencement of operations
- Sun Direct TV
- LT bank facilities raised to BBB+ from BBB at Crisil
- Cites strong market position in South India, improving average revenue per user and growing net subscriber base
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
RCOM IN (Reliance Communications Ltd)
ACCC US (ACC Corp/US)
947010Z IN (Maran Group/The)
Topics
Emerging Mkts News, Analysis
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283