HALISTER1: INDIA RATINGS: Rushil Décor, Ujjivan Financial Raised

INDIA RATINGS: Rushil Décor, Ujjivan Financial Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Rushil Décor
    • Long-term bank facilities raised to BBB+ from BBB at Care
    • Cites growing scale of operations, improvement in profitability margins
  • Ujjivan Financial
    • NCDs raised to A+ from A at ICRA
    • Cites improvement in co.’s capitalization profile after equity infusion INR6.5b
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
RDL IN (Rushil Decor Ltd)
UJJIVAN IN (Ujjivan Financial Services Ltd)

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