HALISTER1: INDIA RATINGS: Sansar Texturisers Cut; Micro Plastics Raised

INDIA RATINGS: Sansar Texturisers Cut; Micro Plastics Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Sansar Texturisers
    • Long-term bank facilities cut to D from B+ at Crisil
    • Cites continuous overdrawn limits
  • Venus Infrastructure
    • LT bank facilities cut to BBB- from BBB at Crisil
    • Expects moderation in offtake versus construction pace
UPGRADES
  • Micro Plastics
    • LT bank facilities raised to BBB+ from BBB at Crisil
    • Cites steady revenue growth, healthy profitability
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Source: BFW (Bloomberg First Word)

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