HALISTER1: INDIA RATINGS: SN Enviro - Tech Cut; Indian Peroxide Raised

INDIA RATINGS: SN Enviro - Tech Cut; Indian Peroxide Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Shital Diam
    • Long-term rating cut to D from BB at India Ratings
    • Cites default on debt obligations
  • SN Enviro - Tech Pvt
    • Bank facilities cut to BB+ from BBB at Crisil
    • Cites deterioration in company’s business and financial risk profile
UPGRADES
  • Indian Peroxide
    • Long-term bank facility of company raised to B+ from B at Crisil
    • Cites clarity from management on rescheduling of project before the start was due to delay in financing term loan

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BAF IN (Bajaj Finance Ltd)
MAXIS MK (Maxis Bhd)

Topics
First Word Credit Asia
India Macro News

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