Page 3 - Rating Agencies

Sebi issues framework for dealing with suspension of rating agencies

The regulator has directed CRAs to disclose prominently on their website Sebi's order on suspension or cancellation

Sebi cancels certificate of registration granted to Brickwork Ratings

Orders it to wind down operations in six months

Credit rating of Rs 35,000 cr debt could be lowered due to RBI diktat: Icra

Power, healthcare, engineering, construction, and roads sectors account for 60% of the total entities whose ratings could potentially be affected

Vedanta Resources' near-term liquidity risk as it seeks funds: S&P

Anil Agarwal-controlled unit looks to raise $700 mn from Indian lenders

CRISIL, Icra, CARE: Major hurdles yet to be conquered by rating agencies

Despite the 15 per cent rally on Wednesday, CARE Ratings still trades 38 per cent lower from its 52-week high; Similarly, CRISIL and ICRA too are down 14 per cent from their respective 52-week highs.

S&P affirms ICICI Bank's 'BBB-' rating on improved asset quality

As S&P affirms ICICI Bank's BBB rating, an upgrade over the next one to two years is unlikely as that would require an improvement in the bank's financial profile

Rating agencies caught in the crossfire

There are close to 300 triple-A rated companies. Many of them will be downgraded and banks' capital requirements will rise

Rating agencies seek harmonisation of norms for debentures and loans

The purpose of such a mechanism is to get better ratings and reduce cost of funds for an entity floating instruments.

Indigenous Australians ask Seoul court to stop loans to $3.6 bn gas project

People from the Tiwi Islands and Larrakia Traditional Owners are seeking an injunction.

India's GDP likely to grow at 10-10.5% in FY2022: Brickwork Ratings

Brickwork Ratings revised its growth estimate for the country's gross domestic product

FinMin officials to meet global rating agencies next week, may seek upgrade

The ministry plans to present the economic recovery in the aftermath of the pandemic in support of its demand for rating upgrade

Top headlines: India may seek a ratings upgrade; Infy updates on I-T portal

Business Standard brings the top headlines of the day

Rating upgrade unlikely over 18-24 months for Hyderabad Airport: Moody's

Affirms ratings; retains negative outlook

Delay in equity raising may affect PNB HFC's growth: Rating agencies

India Ratings said capital infusion was critical in providing adequate buffers for growth and mitigate any possible asset-side stress

Moody's assigns 'Ba3' rating to HDFC Bank's AT1 dollar-denominated bonds

Country's largest lender State Bank of India has already raised capital through AT1 bonds from global markets

Rating firm Icra Q1 consolidated net profit surges 43% to Rs 24.34 crore

Rating firm Icra on Wednesday reported a 43 per cent jump in its consolidated net profit to Rs 24.34 crore for the first quarter ended June 30.

Crisil chief Ashu Suyash to quit after 6 yrs at helm; to start new venture

Amish Mehta to take over as new CEO on October

Liquidity buffer of NBFCs has improved over last year, says Crisil

But the pace of improvement in collection efficiency, the third of the wave of the pandemic, and access to funds need to be closely monitored, rating agency says

Rating agencies come together to represent Indian rating industry

Currently, there are seven credit ratings agencies registered with SEBI

Covid impact: S&P slashes India's GDP growth forecast to 9.8% for FY22

S&P Global Ratings on Wednesday slashed India's GDP growth forecast for the current financial year to 9.8 per cent saying the second COVID wave may derail the budding recovery in the economy and credit conditions. The US-based rating agency in March had a 11 per cent GDP growth forecast for India for the April 2021-March 2022 fiscal on account of a fast economic reopening and fiscal stimulus. S&P, which currently has a 'BBB-' rating on India with a stable outlook, said the depth of the Indian economy's deceleration will determine the hit on its sovereign credit profile. The Indian government's fiscal position is already stretched. The general government deficit was about 14 per cent of GDP in fiscal 2021, with net debt stock of just over 90 per cent of GDP. "India's second wave has prompted us to reconsider our forecast of 11 per cent GDP growth this fiscal year. The timing of the peak in cases, and subsequent rate of decline, drive our considerations," said S&P Global ...