Page 11 - India Ratings
India Ratings assigns AAA rating to NHAI's FY18 borrowing plan
With government pushing infrastructure development by way of developing world class roads, National Highways Authority of India (NHAI) has geared up to borrow Rs 59,000 crore through a string of instruments including bonds during the current financial year (2017-18).The authority has been given AAA rating and a stable outlook by India Ratings and Research. Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.NHAI, being the sole agency responsible for the development of national highways in India, is strategically important to the government. Its fundamental purpose is to improve the national road transit infrastructure, better serve the national economy, and improve the country's standard of living, the rating agency said in a release.Strong federal control, with the government monitoring its annual budget (including borrowings) and operational performance, ...
 "India Ratings assigns AAA rating to NHAI's FY18 borrowing plan")
New law disallows sale of excess mineral by captive users: Ind-Ra
Acquisition costs during transfer of mines to increase, says the ratings agency
 "New law disallows sale of excess mineral by captive users: Ind-Ra")
Ind-Ra lowers GDP growth forecast to 7.7% from 7.9%
Ind-Ra expects the industrial GVA to grow 7.2 per cent in FY17, 0.4 percentage points lower than its earlier forecast
 "Ind-Ra lowers GDP growth forecast to 7.7% from 7.9%")
Negative cash flow position to reach near zero level in FY17: Ind-Ra on construction companies
Order inflow in the construction sector was likely to grow as the government has increased outlay for highways and railways in the Union Budget, says the ratings agency
 "Negative cash flow position to reach near zero level in FY17: Ind-Ra on construction companies")
Proposal of 25% corporate tax cut will bring transparency: India Ratings
This will help govt reduce amount of incentives paid, necessitating low tax paying corporate to shell out significantly higher taxes
 "Proposal of 25% corporate tax cut will bring transparency: India Ratings")
India Ratings cuts non-ferrous metals sector outlook to negative
Continued fall in metal prices to delay de-leveraging for domestic players
 "India Ratings cuts non-ferrous metals sector outlook to negative")
Don't cut spending, says India Ratings
Wants govt to make revival of investment a priority and maintain the fiscal correction schedule by more generation of revenue; reiterates call for GST and wants budgetary support for PSBs
 "Don't cut spending, says India Ratings")