HALISTER1: INDIA RATINGS: Shah Technical Cut; Enmas GB Power Raised

INDIA RATINGS: Shah Technical Cut; Enmas GB Power Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • Shah Technical Consultants
    • Long-term fund-based bank facilities cut to BB+ from BBB- at ICRA
    • Cites company’s weakened liquidity profile
UPGRADE
  • Enmas GB Power Systems
    • LT bank facilities raised to C from D at Care
    • Cites experience of founders, established track record

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0526729D IN (Enmas GB Power Systems Projects Ltd)

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