INDIA RATINGS: Universal Constructions Cut; Xoriant Raised
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Universal Constructions
- Long-term bank facilities cut to D from B at Crisil
- Cites instances of delay in debt servicing owing to weak liquidity
- Xoriant Solutions
- LT bank facilities raised to BBB+ from BBB at Crisil
- Cites strong revenue growth, steady profitability
Source: BFW (Bloomberg First Word)
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UUID: 7947283