HALISTER1: INDIA RATINGS: Shapoorji, Satyadeeptha Raised; R.G. Shaw Cut

INDIA RATINGS: Shapoorji, Satyadeeptha Raised; R.G. Shaw Cut

(Bloomberg) -- A roundup of debt rating changes of Indian cos. To get this story sent to your inbox in real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery. DOWNGRADES:
  • R.G. Shaw & Sons
    • LT bank facilities cut to D from BB+ at CARE
    • Cites delay in debt servicing due to stressed liquidity
  • Savita Oil Technologies
    • LT rating cut to AA- from AA at Crisil
    • Cites subdued operating performance
UPGRADES:
  • Delhi Duty Free
    • LT bank facilities raised to A+ from A- at CARE
    • Cites improvement in operating performance, sales, capital structure
  • Satyadeeptha Pharmaceuticals
    • LT bank facilities raised to BBB- from BB+ at CARE
    • Cites growth in operating income and cash accruals
  • Shapoorji Pallonji Forbes
    • LT bank facilities raised to AA (SO) from A (SO) at CARE
    • Cites credit enhancement in the form of guarantee from parent
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
HID IN (Hind Industries Ltd)
0662639D IN (IND-Barath Power Gencom Ltd)
MSLI IN (Mount Shivalik Industries)
0991032D IN (Oswal Extrusion Ltd)

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