HALISTER1: INDIA RATINGS: Rossell India Cut; Savfab Developers Raised

INDIA RATINGS: Rossell India Cut; Savfab Developers Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • Rossell India
    • Long-term fund based limits cut to A from A+ at ICRA
    • Expects deterioration in financial risk profile due to significant decline in tea realization
UPGRADE
  • Savfab Developers
    • Fund-based limits raised to C+ from D at ICRA
    • Cites improvement in the company’s debt servicing

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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ROST IN (Rossell India Ltd)

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