HALISTER1: INDIA RATINGS: Wintop Vitrified Cut; Gaurav International Raised

INDIA RATINGS: Wintop Vitrified Cut; Gaurav International Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Status Clothing
    • Term loan cut to D from B+ at ICRA
    • Cites delays in meeting debt obligations
  • Wintop Vitrified
    • Fund-based limits cut to B from B+ at ICRA
    • Cites decline in revenues on weak domestic demand scenario, limited product diversification
UPGRADE
  • Gaurav International
    • Working capital raised to A2 from A3+ at ICRA
    • Cites steady revenue growth

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0289074D IN (Gaurav International Pvt Ltd)

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