HALISTER1: INDIA RATINGS: Salora International Cut; Nitin Spinners Raised

INDIA RATINGS: Salora International Cut; Nitin Spinners Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS, click on Display & Edit, then Set Alert Delivery
DOWNGRADE
  • Salora International
    • Long-term bank facilities cut to BB+ from BBB- at Care
    • Cites deterioration in operating margins
UPGRADE
  • Nitin Spinners
    • Fund-based facility raised to A from A- at Brickwork
    • Cites higher revenue

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
NSPL IN (Nitin Spinners Ltd)
SLI IN (Salora International Ltd)

Topics
First Word Credit Asia

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283