HALISTER1: INDIA RATINGS: Sabitri Cut; Starline Cars, Vacmet Raised

INDIA RATINGS: Sabitri Cut; Starline Cars, Vacmet Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Sabitri Industries
    • LT loan facilities cut to D from B at Crisil
    • Cites delays in stabilization of plant
UPGRADES
  • Starline Cars
    • LT loan facilities raised to BB from BB- at Crisil
    • Expects business, financial-risk profiles to improve over medium term
  • Vacmet India
    • LT loan facilities raised to BBB+ from BBB at Crisil
    • Expects business-risk profile to improve over medium term due to rising demand, increased capacity utilization
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
6589388Z IN (Vacmet India Ltd)

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