HALISTER1: INDIA RATINGS: Rolling Construction Cut, Raj Chopra & Co. Raised

INDIA RATINGS: Rolling Construction Cut, Raj Chopra & Co. Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Rolling Construction
    • Long-term loans cut to BBB (SO) from BBB+ (SO) at Care
    • Cites credit enhancement via corporate guarantee from Anant Raj Ltd
UPGRADES
  • Raj Chopra & Co.
    • LT loan facilities raised to BBB- from BB at Crisil
    • Cites higher-than-expected increase in revenues
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
ARCP IN (Anant Raj Ltd)

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