HALISTER1: INDIA RATINGS: Shah Pulse Mill, Shree Bhagwati Upgraded

INDIA RATINGS: Shah Pulse Mill, Shree Bhagwati Upgraded

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Shah Pulse Mill
    • Long-term rating raised to BB- from B+ at Crisil
    • Cites improvement in liquidity with reduction in working capital needs and unsecured loans from owner
  • Shree Bhagwati Samarth Food Products
    • Long-term rating raised to B+ from B at Crisil
    • Cites company’s healthy business risk profile
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Source: BFW (Bloomberg First Word)

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