Page 6 - Credit Rating

A new structure of financial regulation

One of the most egregious recent cases of misconduct is the behaviour of credit-rating agencies.

Crisil downgrades BHEL credit rating on long-term bank facilities

The rating on short-term facilities has been reaffirmed at A1-plus.

S&P revises ICICI Bank credit rating outlook to stable from negative

S&P Global Ratings on Friday said it has revised the rating outlook on ICICI Bank Ltd to stable from negative on grounds that the lender will benefit from the sale of stake in subsidiaries. The rating agency affirmed its 'BBB-' long-term and 'A-3' short-term issuer credit ratings on ICICI Bank. "We revised the rating outlook to reflect our view that ICICI Bank will maintain its strong capital position over the next 24 months. The bank will benefit from the sale of a stake in subsidiaries and gradual normalization of earnings, which should reduce risks associated with its capital position," it said. In a statement, S&P forecast that ICICI Bank will maintain a risk-adjusted capital (RAC) ratio of more than 10 per cent over the next 24 months. "Our expectation factors in 13-14 per cent credit growth for the bank, an improvement in earnings, and sale of stake in insurance subsidiaries over the period," it said. ICICI Bank's stressed loans (non-performing loans and restructured ...

Rating agencies come together to represent Indian rating industry

Currently, there are seven credit ratings agencies registered with SEBI

Second Covid wave threatens India's long-term credit rating, warns Moody's

The financial sector could become the main driver of potential risk to the sovereign

India's sovereign rating to remain at current level for next 2 years: S&P

S&P Global Ratings on Friday said India's credit rating would be retained at the current level for the next two years, and the country will see a slightly faster pace of growth in the next couple of years that will support its sovereign rating. S&P, which had in March seen the Indian economy growing by 11 per cent in the fiscal year to March 2022, saw GDP growth rate dropping to 9.8 per cent under the 'moderate' scenario, where infections peak in May, and falling to as low as 8.2 per cent in 'severe' scenario under which caseload would peak only in late June. Speaking at a webinar on 'What A Drawn Out Second COVID Wave Means For India', S&P Global Ratings Director - Sovereign and Public Finance Ratings - Andrew Wood said in the moderate downside scenario there would not be any major impact on the government's fiscal position. There could be upside pressure on general government fiscal deficit forecast of 11 per cent as revenue generation would be weaker, but debt stock ...

Opt for fixed maturity plan if you need discipline of a lock-in: Experts

FMPs allow investors to lock into current yields. The scheme information document indicates the fund's allocation to instruments of various credit ratings

Fund raising via NCDs drops 29% in FY21 on decline in credit ratings

Fund raising through issuance of debentures dropped 29 per cent to Rs 10,587 crore in 2020-21

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'

Tata Steel hits all-time high; stk soars 25% in a month on ratings upgrade

On Tuesday, March 6, Standard and Poor's raised the credit rating of Tata Steel and its subsidiary ABJA Investment Co from 'B+' to 'BB-'

Do not see India's rating downgrade because of higher spending: FM

Finance Minister Nirmala Sitharaman on Wednesday said India enjoys an investment grade rating

India's sovereign rating fixation

Should Indian policymakers be concerned about India's existing sovereign rating?

Economic Survey FY21 slams 'biased' sovereign credit ratings

The survey came down hard on sovereign credit ratings

Fitch Ratings affirms GMR Hyderabad International Airport at BB-plus

Fitch Ratings on Thursday affirmed GMR Hyderabad International Airport Ltd's (GHIAL's) long-term issuer default rating

Ind-Ra upgrades Eveready's long-term credit ratings, outlook positive

Rating agency says upgrade reflects improvement in firm's financial profile and liquidity in 1HFY21, which was continuing in 2HFY21 backed by better profitability

LVB bond write-down credit positive for creditors, depositors: Moody's

Terms and conditions of Indian Basel III compliant AT1 and tier-II securities specify that such securities will be written down before authorities can step in to support a bank

Credit-rating cuts for companies slow down as Indian economy perks up

Economic data suggests that Asia's third-biggest economy is recovering, albeit unevenly, after it shrank a record 24% in the three months to June 30

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

Covid-19 impact: Air India Express' short-term loans get ICRA downgrade

The rating also takes into account AIEL's stretched credit profile, characterised by negative net worth and a high outstanding to Air India and other vendors

Indiabulls Housing Finance gets short-term A1+ rating from Brickwork

The rating committee of Brickwork Ratings has assigned short term rating at ''BWR A1+''. The long term rating has been reaffirmed at ''BWR AA+'', the company said in the regulatory filing