HALISTER1: INDIA RATINGS: Shilpi Cable, International Fresh Farm Cut

INDIA RATINGS: Shilpi Cable, International Fresh Farm Cut

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • International Fresh Farm Products
    • Long-term rating cut to D from B+
    • Cites delays in debt servicing due to stretched liquidity position
  • Shilpi Cable Technologies
    • Long-term rating cut to BB from BBB+ at ICRA
    • Cites petition filed by an overseas creditor under Insolvency and Bankruptcy Code

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1117Z IN (Haldia Petrochemicals Ltd)
0526713D IN (Kejriwal Industries Ltd)

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