HALISTER1: INDIA RATINGS: Shogini Technoarts, Tata Teleservices Cut

INDIA RATINGS: Shogini Technoarts, Tata Teleservices Cut

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Admiron Life Sciences
    • Long-term bank facilities to D from B+ at Care
    • Cites delays in servicing debt obligations
  • Om Besco Rail Products
    • LT bank facilities to D from BB at Care
    • Cites stretched liquidity position
  • Shogini Technoarts
    • LT bank facilities to BB+ from BBB- at Crisil
    • Cites weaker operating performance
  • Tata Teleservices
    • LT bank facilities cut to A- from A at Crisil
    • Cites lower-than-expected improvement in financial risk profile
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
6583396Z IN (Shogini Technoarts Pvt Ltd)
47588Z IN (Tata Sons Ltd)

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