HALISTER1: INDIA RATINGS: Sai Krishna Cut; Rukmini Educational Raised

INDIA RATINGS: Sai Krishna Cut; Rukmini Educational Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Sai Krishna Developers
    • Long-term rating cut to D from BB- at ICRA
    • Cites delays in servicing debt obligations from January
UPGRADES
  • Rukmini Educational Charitable Trust
    • Long-term rating raised to BB from B+ at ICRA
    • Cites growth in company’s revenues over the past years

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1117Z IN (Haldia Petrochemicals Ltd)
0526713D IN (Kejriwal Industries Ltd)

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