HALISTER1: INDIA RATINGS: Super Smelters Cut; RGA Infrastructure Raised

INDIA RATINGS: Super Smelters Cut; RGA Infrastructure Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • Super Smelters
    • Long-term bank facilities cut to BB from BBB- at Crisil
    • Expects liquidity to be constrained by inadequate cash accrual to meet large debt obligation
UPGRADE
  • RGA Infrastructure
    • Term loan raised to BBB(SO) from BBB-(SO) at ICRA
    • Cites strength of corporate guarantee provided by RGA Software Systems
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
9166803Z IN (Super Smelters Ltd)

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