Page 39 - Icra

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

Oil price slump: Centre may not hike excise duty for petro products

For 2019-20, the Centre had estimated average crude price of $55 a barrel, and for 2020-21, it has been assumed at $50 a barrel.

Govt wary of Adani-like bidding streak, puts airport privatisation on hold

During the previous privatisation process in 2018 too, the finance ministry wanted a cap on the number of airports a company could bid for

Coronavirus outbreak poses further concern for solar energy sector: Icra

There is already a slowdown in tendering of wind and solar PV projects by 25 per cent to 8.6 GW in 2019 from 11.5 GW in 2018

Coronavirus impact: Icra downgrades domestic pharma outlook to negative

According to Icra research, domestic API manufacturers have an inventory of one-two months

Rs 2-trillion InvITs likely to hit market in the next 5 years, says ICRA

Companies from roads, telecom fibre, power transmission, and generation are expected to come with InvITs

Two-wheeler volumes to skid 8-10%, demand likely to remain weak: Icra

Despite the near-term volatility, ICRA maintains a stable outlook for the two-wheeler industry for the coming 12-18 months

Loan sale volumes touch Rs 47,000 crore in Dec quarter, says Icra

Abhishek Dafria, Vice President and Head - Structured Finance Ratings at ICRA, said the volume in Q3FY20 were low compared to estimated Rs 77,800 crore in Q3FY19

Budget 2020: Expect Bharatmala allocation to rise to Rs 1.01-trn, says ICRA

Total budgetary allocations to fund the ambitious new highway development programme is estimated at Rs 3,43,045 crore over FY2019-2022 - averaging around Rs 86,000 crore per annum.

Top 10 biz headlines: India Inc gets legal relief, OYO's coffee plan & more

From criminal offences in the Companies Act being slated to be slashed to banks possibly taking a majority stake in DHFL, here are the top business headlines for Monday

IL&FS case: Sebi may inflict more wounds on raters, increase penalty

Sources said the settlement amount could be revised up to four times upwards

DTH/cable bills may fall up to 14% after Trai's amendments, says Icra

The regulator capped at Rs 160 the amount consumers will have to pay monthly for all free to air channels

Rate woes of renewable energy firms may stress NBFC books further: Icra

Infrastructure finance companies might have to brace for additional pressure on asset quality from exposure to renewable energy (RE) projects, which face rate risks. These non-bank finance companies (NBFCs) are already affected by the slow resolution of their stressed thermal energy assets, according to rating agency ICRA. The segment's total exposure to the RE segment was pegged at Rs 90,000 crore at end-September. The trajectory of total infrastructure credit in India (from banks and infra NBFCs) had flattened in the six months ended September 2019, the first half (or H1) of financial year 2019-20. hile infrastructure credit grew 19 per cent in 2018-19, to Rs 21.1 trillion, it rose only marginally to Rs 21.2 trillion in H1 of 2019-20.The uncertainty regarding rates in some southern states has led to rating downgrades for power companies that have raised money from lenders. The ratio of the number of upgrades to the number of downgrades in the power sector declined to less than one ..

Amid slowdown, Icra maintains negative outlook on passenger vehicle, CV

There was a sharp divergence in retail demand growth and wholesale despatches during the first half of FY20 as focus was towards reducing inventory level, Icra said