Page 11 - Care Ratings

CARE downgrades Voda Idea credit rating on weak financial showing

The development comes within two days of another rating agency Crisil downgraded credit value of Vodafone Idea

Six states to drive next phase of cement capacity ramp-ups: CARE Ratings

Rajasthan, Karnataka, Madhya Pradesh, Tamil Nadu, Andhra Pradesh and Telangana are among the leading states in terms of installed capacity

CARE Ratings tanks 19%, hits fresh 52-week low on weak Q1 results

The company's consolidated operating profit margin during the quarter contracted to 20.1 per cent from 45.6 per cent in previous year quarter.

Core sector growth at 50-month low in June; 4 out of 8 sectors contract

June growth rate falls to 0.2%, from 4.3 % in May, as refinery, steel and cement production weakens

April-June fiscal deficit hits 61.4% of FY target; touches Rs 4.32 trn mark

Data by the Controller General of Accounts showed that total expenditure for April-June was Rs 7.22 trillion

MDs on 'forced' leave, but it's business as usual for ICRA and Care Ratings

The reason for both the officials being sent on leave is the same - an anonymous complaint received by the market regulator against the agency

Care Ratings CEO sent on leave after Sebi receives anonymous complaint

Earlier this month, the local unit of Moody's Investors Service sent its managing director on leave amid an inquiry into a controversial rating decision

CARE Ratings slips 5% after MD Rajesh Mokashi sent on indefinite leave

Sebi has launched adjudication proceedings against three rating agencies ICRA, Care Ratings and India Ratings in the ratings assigned to IL&FS and its group firms.

Investors flee debt funds as credit quality slumps to lowest in 16 months

Cracks in the money market that started with IL&FS Group's default last year widened in June after mortgage lender Dewan Housing Finance Ltd. delayed debt payments

Reliance Capital, Reliance Infra dip for sixth straight day, fall up to 7%

The dip started after rating agency CARE Ratings (CARE) reaffirmed its rating at 'BBB' and revised rating outlook to 'credit watch with negative implications'

Reliance Power disagrees with CARE ratings on its subsidiary Sasan Power

Reliance Power said Sasan has always been regular on debt service without taking any support from its parent company

CARE places PNB HFC rating on watch, flags rising share of corporate loans

The action is triggered by the increasing share of the corporate loan book in PNBHFL's total loan portfolio and the consequent vulnerability arising out of weakness in real estate sector

Abandoned investment intentions rise 7.21% to Rs 7.88 trn during Apr-Sep

However, the investment dropped has increased. There is hence a mixed picture here", a report by CARE Ratings noted

Number of infrastructure projects rise, so do cost overruns: CARE

The CARE report gives a brief on the status of 1,361 Central Sector Infrastructure projects costing Rs 1.50 billion and above

CARE Ratings put certain YES Bank debt instruments on credit watch

Credit rating agency CARE had put some of its debt instruments on 'credit watch with developing implications'

Hotels to see 11-13% growth in room revenue over 5 years: CARE

CARE said the domestic business traveller segment has grown to constitute 34.4% of the total demand

CARE Ratings sees agri output boosting GDP growth to 6.5% in June quarter

We expect first quarter GDP growth at 6.5 per cent at 2011-12 constant prices: Care Ratings

CARE Ratings surges on stake buy by CRISIL

CARE Ratings surged 16% to Rs 1,660 after CRISIL buys nearly 9% stake in the company