HALISTER1: INDIA RATINGS: Viltans Polyplast Cut; Mahesh Extrusions Raised

INDIA RATINGS: Viltans Polyplast Cut; Mahesh Extrusions Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Viltans Polyplast
    • Long-term bank facility rating cut to B- from B+ at Crisil
    • Cites pressure on liquidity, reflected in company utilizing full bank limit over 6 months through June
UPGRADES
  • Mahesh Extrusions
    • Long-term rating raised to B from B- at Crisil
    • Cites improvement in revenues, stable operating margin and comfortable liquidity

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Topics
First Word Credit Asia

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