Page 19 - Crisil

India's 4G subscriber base may grow to 820 mn in FY22, says Crisil

The active subscriber market share data indicates the top two players, Jio and Airtel, are neck and neck, with neither ready to bite the bullet and raise tariffs, says the rating agency

Limited industrial oxygen supplies to temporarily impact 5 sectors: Crisil

Metal fabrication, automotive components, ship-breaking, paper and engineering sectors are likely to suffer, according to global analytics firm Crisil

Crisil downgrades its PVR's long-term rating to AA-minus negative

Crisil has downgraded its rating on long-term bank facilities and non-convertible debentures (NCDs) of PVR Ltd to AA-minus negative from AA negative.

mRNA Covid vaccine maker Gennova lines up Rs 250-crore capex: Crisil

The Emcure Pharma arm has tied up with Seattle-based HDT Biotech Corp for the vaccine, on which animal trials have been completed. Phase-I and II trials likely to be completed in 2-3 months

Bank credit to grow 10% in FY22 on GDP expansion, policy measures: Crisil

NBFCs focused on gold loans and mortgages will be the least affected by the setbacks, Crisil report said

Indiabulls Housing Finance says CRISIL has upgraded outlook to stable

Agency affirms company's long-term credit rating of "AA" and short term of "A1+"

Profitability of synthetic yarn makers see steady rise: Crisil

Improved yarn prices because of a sharp rebound in demand in the second half of the current fiscal will help

Deepak Nitrite gains 8% in three days on Crisil's credit rating upgrades

Going forward, growth over the medium term will be driven by trecovery in demand from Basic Chemical (BC) and Performance Product (PP) segments and continued steady outlook for FSC and Phenol segments

Indian steel firms to cut Rs 35,000 cr debt between FY21, FY22: Crisil

The outstanding debt of steelmakers is pegged at Rs 2.15 trillion at end of March 2020

India's GDP to grow 11% in FY22, contract 8% in FY21, says CRISIL

GDP is likely to touch the pre-pandemic level only by the second quarter of fiscal year 2022

India Inc's credit ratio nears 1 as rating upgrades pick up speed: CRISIL

Near-term outlook cautiously optimistic, says the ratings agency

Bank credit to rise 9-10% in FY22 on budget support, RBI measures: Crisil

Despite bank credit contracting by 0.8 per cent in the first half of the current fiscal (H1FY21), the rating agency expects it to rise by 4-5 per cent at the end of the current fiscal (FY21)

Bond market supply likely to double to Rs 70 trillion by 2025: CRISIL

This growth will have three drivers: investments, primarily for infrastructure; NBFCs and HFCs

Crisil upgrades long-term debt rating of Muthoot Finance to AA positive

Crisil Ratings has upgraded its ratings on long-term debt facilities of Muthoot Finance to AA positive with a stable outlook from AA.The upgrade is driven by Muthoot Finance's demonstrated ability to profitably scale up its core gold loan business while maintaining its strong financial risk profile.The rating rationale said established track record and brand name in gold financing industry, strong capitalisation and profitability among the best in industry which is expected to remain healthy are the strengths of Muthoot Finance.The change from AA to AA positive signifies reaching the highest standing in the category and the rating is just one level below AAA rating, which is the highest rating for long term debt instruments.Muthoot Finance said the rating upgrade will enable it to raise more long-term debt funds as well as attract a wider set of investors. Moreover, the company will be able to raise funds at much more competitive rates."This upgrade can further attract investments ...

Strong order books, healthy execution blow for road EPC companies: Crisil

Strong order books and healthy execution of projects will cushion revenue blow for Engineering, Procurement and Construction (EPC) companies in the highways sector, Crisil Ratings said on Wednesday.

CapitaLand, Shapoorji Pallonji's PE arm to foray into data centre business

Such centres to witness $5 bn in investments till March 2025 and increase threefold in capacity: Crisil report

Assam MFI Bill may hike asset-quality challenges for micro lenders: Crisil

The recently passed Micro Finance Institutions (MFI) Bill, 2020 by the Assam Assembly has the potential to increase asset quality challenges for micro lenders, according to a Crisil Ratings report.

DTH licensing policy change detrimental, raises liability risk: Crisil

The new licensing guidelines could significantly increase the potential liabilities of incumbents when renewing their licences, it said

Crisil segregates ratings business to comply with Sebi norms

Crisil announced a transfer of its flagship ratings agency business into a separate, wholly-owned subsidiary to comply with the Sebi mandate for agencies

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