HALISTER1: INDIA RATINGS: Unishire Cut; KEI, Man Global Raised

INDIA RATINGS: Unishire Cut; KEI, Man Global Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Unishire Urbanscape
    • NCDs cut to B+ from BB- at Crisil
    • Cites weakening of group’s business risk profile
UPGRADES
  • 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
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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