HALISTER1: INDIA RATINGS: Wind World Cut; Lemon Tree, OPG Business Raised

INDIA RATINGS: Wind World Cut; Lemon Tree, OPG Business Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • Wind World Wind Farms
    • Long-term bank facilities cut to BB from BBB- at Care
    • Cites deterioration in financial risk profile
UPGRADES
  • Lemon Tree Hotels
    • Term loans raised to A- from BBB+ at ICRA
    • Cites consistent improvement in operating metrics
  • OPG Business Centre
    • Cash credit raised to BBB- from BB+ at ICRA
    • Cites strong growth in power generated from its windmills resulting in improved cash accruals

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
778410Z IN (Lemon Tree Hotels Ltd)

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