HALISTER1: INDIA RATINGS: United Seamless Cut; Patanjali Ayurved Raised

INDIA RATINGS: United Seamless Cut; Patanjali Ayurved Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • United Seamless Tubulaar
    • Bonds cut to D from BB at ICRA
    • Cites delays in debt-servicing on its bank facilities
UPGRADES
  • Kapoor Industries
    • Fund-based limits raised to A+ from A at ICRA
    • Cites improvement in operational, financial risk profile
  • Patanjali Ayurved
    • Fund-based limits raised to A+ from A- at ICRA
    • Cites robust revenue growth
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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