INDIA RATINGS: Tata Power Cut; Bajaj Finance Raised to AAA
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
BAF IN (Bajaj Finance Ltd)
TPWR IN (Tata Power Co Ltd/The)
Topics
Emerging Mkts News, Analysis
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
- To get this story sent to your inbox real-time, run NI INRATINGS, click on Display & Edit, then Set Alert Delivery
- Tata Power
- NCDs cut to AA- from AA at ICRA
- Cites dis-allowance of any relief to Mundra UMPP; absence of any compensatory tariff for Mundra UMPP places significant burden on Tata Power to continue supporting the project’s financial obligations
- Tata Power Renewable Energy
- NCDs cut to AA-(SO) from AA(SO) at ICRA
- Cites revision in long-term rating of guarantor Tata Power
- Bajaj Finance
- NCDs raised to AAA from AA+ at ICRA
- Cites growing profitably through product diversification, geographical expansion
- Saluja Steel
- LT bank facilities raised to BBB- from BB at Crisil
- Expects company to sustain its improved business risk profile over the medium term
- Shree Balaji Ethnicity Retail
- LT bank facilities raised to BB- from B+ at Crisil
- Expects liquidity to further improve due to increasing cash accruals and steady working capital cycle
- Triveni Ship Breakers
- LT bank facilities raised to BB- from B+ at Crisil
- Cites upsurge in ship-breaking activity
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
BAF IN (Bajaj Finance Ltd)
TPWR IN (Tata Power Co Ltd/The)
Topics
Emerging Mkts News, Analysis
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283