INDIA RATINGS: Unishire Cut; KEI, Man Global Raised
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Unishire Urbanscape
- NCDs cut to B+ from BB- at Crisil
- Cites weakening of group’s business risk profile
- KEI Industries
- LT bank facilities raised to A- from BBB+ at Care
- Cites improved performance in FY16, profitability and liquidity profile
- Man Global
- LT bank facilities raised to BBB- from BB+ at Care
- Cites repayment on most of the project loan
- Sify Technologies
- LT rating raised to A+ from A at Care
- Cites growth in scale of operationss, improved profitability
Source: BFW (Bloomberg First Word)
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UUID: 7947283