Page 20 - Crisil

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

Digital adoption helped small businesses survive pandemic: Survey

Adoption of digital means for sales helped a majority of small businesses survive the pandemic, a Crisil survey said

Corporate profits touch all-time high in the September qtr: Crisil

Corporate profits rose 15 per cent to touch an all-time high in the September quarter

Fiscal fault lines

Govt finances might affect economic recovery

Realty sales at pre-Covid levels on the back of stamp duty cut: Crisil

More business shifts to key developers amid pandemic chaos

Property registrations in Mumbai surge, but FY21 to be tough: Crisil

FY21 is going to be a difficult year for the realty sector with primary sales likely to decline by 50 per cent in top 10 cities, a report said on Thursday.

SMBC expands footprint, invests $600 million in India operations

The corporation has invested $600 mn in its Indian operations in 2020

Just 1% firms keen on one-time debt recast as biz outlook improves: Crisil

This is despite the fact that two-thirds of Crisil-rated entities are eligible for restructuring, based on Kamath Committee parameters

Auto sales could hit speedbreaker with spike in rural Covid-19 cases

Rural India accounted for 18% of new infections in June, and as much as 40% in Sept; The spike appears to have an inverse relationship with rural sales, says a Crisil note

Gold loan assets of NBFCs expected to grow at 15-18% in current fiscal

The demand, especially from individuals for meeting urgent personal requirements and from micro enterprises for working capital to restart businesses, would propel gold loan growth

Gold loan company Muthoot Finance to raise upto Rs 2,000 cr via debentures

The Secured NCDs proposed to be issued under this Issue have been rated "AA" by CRISIL and "AA" by ICRA

Covid-19 impact: CRISIL downgrades Thomas Cook India's rating to A+

The ratings are a result of the pandemic weakening the company's business and financial risk profiles

Securitisation sees 80% drop in H1FY21 due to Covid-19, moratorium: Crisil

However, there are signs of recovery as September saw a rebound in securitisation transactions to Rs 10,000 crore