Page 6 - Care Ratings

Growth it shall be: RBI's future stance for the economy very clear now

Monetary policy committee's decisions show there is slim chance of repo rate being increased in near future

CARE Debt index improves by 33 bps in April on better asset quality

Improvement was backed by enhancements in higher rated debt paper. As it is contemporary with minimum time lags, the health of debt and credit markets is encapsulated on a near-real-time basis

Debt MFs confident of surfing Covid-19 2nd wave despite corporate defaults

Industry players say shift to high-quality paper will help them tide the turmoil

Care Ratings revises India's GDP growth forecast to 10.2% for FY22

Economic activities are getting affected across the country due to curbs imposed by states

Khadim India rises for fourth day, jumps 7% on credit rating tweak

ICRA has revised long term credit rating on the company's overall borrowings of Rs 204 crore to BBB- from BBB, although, it tweaked the outlook to 'Stable' from 'Negative'

Overall exposure of debt mutual funds to NBFCs below 10%: CARE Ratings

The amount held fell to Rs 0.72 trillion, compared with Rs 1.26 trillion in September 2018

2-6% retail inflation band has been working well since 2016, say economists

However, some want core to be monitored as well, MPC should be given leeway to choose target

DHFL bid: CARE Ratings subsidiary on Sebi radar over Oaktree's bonds

The markets regulator found it was a subsidiary of CARE which had rated the Oaktree acquisition proposal, not the bonds

Credit quality of rated entities improved in Q3, says CARE

The MCR, the ratio of upgrades plus reaffirmations to downgrades plus reaffirmations, rose to 0.96 for Q3FY21

APL Apollo Tubes hits new high; stock zooms 128% in calendar year 2020

The stock hit a new high of Rs 853 on Thursday, and was trading higher for the seven straight day

FPA Global Opportunity Fund sells CARE Ratings' shares worth Rs 52 cr

FPA Global Opportunity Fund on Tuesday sold nearly 10 lakh shares of CARE Ratings Ltd worth about Rs 52 crore through an open market transaction.

CCI dismisses unfair practices complaint against 4 credit rating agencies

CCI dismissed a complaint alleging that Crisil, India Ratings, Care Ratings, and ICRA indulged in unfair business practices

Farm sector maintains robust growth in Q2, GVA up 7.7% at current prices

Experts say many crops don't come into the market during July-Sept and the real impact of kharif harvest will be felt in the subsequent quarters

CARE Ratings revises LVB's ratings from 'BB- ' to 'BB-' under credit watch

The development comes after the government imposed a moratorium on LVB after considering an application filed by the RBI

Mutual funds' share in CPs of NBFCs dips to 3.2% of debt assets in Sept

This figure stood at 9.5 per cent in September 2019, according to report by CARE Ratings

CARE Ratings freezes at 20% upper circuit on heavy volumes post Q2 results

The board has approved the payment of an interim dividend of Rs 8 per equity share of the face value of Rs 10 each for the financial year 2020-21.

Gross NPAs of banks may jump to 11.5% by end of FY21: Care Rating

The gross NPAs ratio of Indian banks is likely to be 11-11.5% by end of this fiscal and they are likely to restructure 4 to 5 per cent of the overall bank credit outstanding, according to Care Rating

Covid-driven loan recast to take GNPAs to 11.5% by March: CARE report

Care Ratings expects 4-5 per cent of the existing loans to be stressed and opt for restructurings through the course of the year

CARE Ratings downgrades LVB debt instruments over plunge in net worth

Development follows Brickwork Ratings downgrade of long-term bonds of about Rs 50 cr and LVB receiving an indicative non-binding offer from Clix Group

CARE downgrades rating for Lakshmi Vilas Bank's issued, proposed securities

The 93-year old private sector Lakshmi Vilas Bank (LVB) on Friday said credit rating agency CARE Ratings has downgraded its rating of already issued and proposed securities