HALISTER1: INDIA RATINGS: Vinayaga Impex Cut; Shalina Laboratories Raised

INDIA RATINGS: Vinayaga Impex Cut; Shalina Laboratories Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Vinayaga Impex
    • Long-term loan facilities cut to D from B+ at Crisil
    • Cites delays in servicing of interest on term loan
  • West Bengal State Electricity
    • LT bank facilities cut to BBB+ from A- at Care
    • Cites increase in borrowing levels to bridge cash flow mismatch arising due to delay in release of regulatory assets
UPGRADES
  • Shalina Laboratories
    • LT loan facilities raised to BB+ from BB- at Crisil
    • Cites improvement in capital structure
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
9155867Z IN (Shalina Laboratories Pvt Ltd)
7173729Z IN (West Bengal State Electricity Distribution Co Ltd)

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