HALISTER1: INDIA RATINGS: Shimla Tolls Cut; Partap Industries Raised

INDIA RATINGS: Shimla Tolls Cut; Partap Industries Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Shimla Tolls
    • Long-term bank facilities cut to B- from B+ at Crisil
    • Cites delay of about six months in project completion
UPGRADES
  • Hotcrete Infrastructure
    • Cash credit raised to BBB from BBB- at ICRA
    • Cites strong growth in revenues
  • Partap Industries
    • LT bank facilities raised to BBB+ from BBB- at Care
    • Cites healthy scale-up of operations
  • Sunny International
    • LT bank facilities raised to BBB from BBB- at Crisil
    • Expects company to maintain improvement in business, financial risk profiles over the medium term
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PRTI IN (Partap Industries Ltd)

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