INDIA RATINGS: Shah Pulse Mill, Shree Bhagwati Upgraded
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- 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
Source: BFW (Bloomberg First Word)
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