Page 38 - Icra

Icra to review rating methodology, factor in 3-month Covid-19 disruption

The rater will now redraw its projections assuming that a business-as-usual operating environment may not return soon

From Tata Power to TVS, over 320 firms queue up for moratorium breather

Piramal, Tata Power, and TVS group units figure in list

RBI raises limit on ways and means advances, but states aren't impressed

Ways and means advances (WMAs) are short-term advances the central bank gives to help states tide over temporary mismatches in their cash flow.

MFIs staring at cash shortfall of Rs 2,600 crore in Q1FY21, says ICRA

ICRA has analysed a sample of 29 MFIs, which constitute around 70% of the MFI industry on a portfolio basis

Covid-19: Taj-GVK Hotels seeks moratorium on loan repayments from lenders

ICRA said it has not treated the missed payment as a default for now, despite absence of a formal approval from the lenders allowing for a payment relief

ICRA pegs GDP contraction at 10-15% in Q1 amid lockdown extension

Earlier, ICRA had expected GDP to fall by 4.5 per cent in the first quarter when lockdown was for 21 days till April 14.

India's air passenger traffic records 3-5% negative growth in FY20: Icra

A gradual recovery in domestic traffic is expected once the commercial air services are restored

Covid-19 impact: Commercial vehicle sales to contract another 8-10% in FY21

ICRA said that it continues to maintain a negative outlook for the commercial vehicle (CV) segment over the near-term

Future Group: Retail king of India faces litmus test as debt soars

Future Group sees its biggest crisis after raising high-cost loans from PEs and pledging shares

Market Ahead, April 8: All You Need To Know Before The Opening Bell

Icra Ratings yesterday sharply cut India's GDP forecast amid the Covid-19 crisis. The rating agency now expects the economy to grow at just 2 per cent in the current fiscal

Covid-19 impact: Indian economy likely to grow 2% in FY21, says Icra

The rating agency said nationwide lockdown announced to contain the coronavirus outbreak has impacted industries

Market volatility challenge to PNB HFC's equity plans, says ICRA

Further delay in fundraising will postpone the expected improvement in the leverage profile and limit the cushion available for absorbing contingencies

Coronavirus supply chain shock for auto component sector, says ICRA

The COVID-19 supply chain disruptions will manifest into a demand shock lasting multiple quarters for the domestic industry, ICRA said in a statement.

IndusInd Bank, SBI tumble as Moody's downgrades sector outlook to negative

Stating that asset quality will deteriorate, Moody's said a sharp decline in economic activity and a rise in unemployment will lead to a deterioration of household and corporate finances.

Coronavirus impact: Rating agencies see more pain for banks and NBFCs

'Spike in NPAs will be reflected over the next few quarters'

Downgraded Rs 7-trn debt as credit quality of Indian firms worsened: ICRA

The agency said policymakers will have to unleash more measures to avoid severe economic imbalances if the COVID-19 crisis prolongs

Covid-19: Icra outlook on bulk, container, offshore negative in near term

Tanker freights see upside as falling oil prices come to rescue

NBFCs to use RBI's liquidity boost to focus on refinancing debt obligations

On Friday, the Reserve Bank of India (RBI) came up with policy measures to ensure there is enough liquidity in the system

Writedown of YES Bank's additional AT-I bonds will result in risk aversion

According to ICRA's estimates, Rs 93,669 crore of AT-I bonds are outstanding as of now

Icra downgrades ratings of Future group holding company over debt pile-up

Furthermore, despite monetisation of investments across various group entities, the total group debt has increased as of December 31, 2019, as against March 31, 2019, ICRA said in a statement