HALISTER1: INDIA RATINGS: Sahyadri Cut, ASR Multimetals Raised

INDIA RATINGS: Sahyadri Cut, ASR Multimetals Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Sahyadri Industries
    • Long-term bank facilities cut to BB from BB+ at Crisil
    • Cites weakening liquidity
UPGRADES
  • ASR Multimetals
    • LT bank facilities raised to BBB+ from BBB at Crisil
    • Cites improvement in cash flow adequacy
  • Harshni Textiles
    • LT bank facilities raised to BBB from B+ at Crisil
    • Cites acquisition of additional stake of company by Lakshmi Electrical Drives
  • K.T.C Foods
    • Fund-based limits raised to BB from BB- at ICRA
    • Cites healthy revenue growth
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
SAHI IN (Sahyadri Industries Ltd)
6599164Z IN (ASR Multimetals Pvt Ltd)
6588052Z IN (Harshni Textiles Ltd)

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