HALISTER1: INDIA RATINGS: Steel Authority, Samruddha Resources Cut

INDIA RATINGS: Steel Authority, Samruddha Resources Cut

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Samruddha Resources
    • Fund-based limits cut to D from B- at ICRA
    • Cites delays in debt servicing
  • Steel Authority of India
    • Bonds, bank loan cut to AA- from AA at India Ratings
    • Cites weaker-than-expected credit metrics

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
SAIL IN (Steel Authority of India Ltd)
0671366D IN (Samruddha Resources Ltd)

Topics
First Word Credit Asia

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