HALISTER1: INDIA RATINGS: Uttar Gujarat Vij, Piccadily Holiday Raised

INDIA RATINGS: Uttar Gujarat Vij, Piccadily Holiday Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Kalpesh Corp.
    • Long-term fund-based limits raised to BB- from B+ at ICRA
    • Cites robust growth of in operating income
  • Piccadily Holiday Resorts
    • LT fund-based term loan raised to BBB from BBB- at ICRA
    • Cites sustained operating profit margins
  • Uttar Gujarat Vij
    • Cash credit raised to AA- from A+ at ICRA
    • Cites improvement in financial position

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
6590804Z IN (Uttar Gujarat Vij Co Ltd)

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