Mumbai (Maharashtra) [India], Dec 27 (ANI): Stock market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs 25 lakh on each of three leading credit rating agencies for their failure to carry out proper due diligence when assigning credit ratings to the troubled
New Delhi [India], Dec 4 (ANI): Rating agency Standard & Poor's has reaffirmed India's sovereign credit rating at BBB minus with stable outlook and expects its economy to grow strongly over the next two years.
Thrissur (Kerala) [India], Nov 28 (ANI): Manapurram Finance, a sizable lender against gold jewellery and ornaments, said on Thursday that international credit rating agency S&P has assigned issuer rating to its proposed issue of debt instruments in the form of US dollar-denominated senior no
Ernakulam (Kerala) [India], Oct 11 (ANI): Muthoot Finance, the country's largest gold financing company in terms of loan portfolio, has obtained credit ratings from three global agencies as it prepares to access the debt market.
New Delhi [India], Aug 30 (ANI): ICRA Ltd has ousted its Managing Director and Group Chief Executive Officer Naresh Takkar, nearly three months after the Securities and Exchange Board of India (SEBI) received an anonymous complaint alleging misconduct at the credit rating agency under him.
Mumbai (Maharashtra) [India], Aug 28 (ANI): CARE Ratings has downgraded credit rating on Coffee Day Global's long-term bank facilities to BBB from A and continued on credit watch with negative implications.
Pune (Maharashtra) [India] August 06 (ANI/BusinessWire India): The Reserve Bank of India (RBI) has reduced the repo rate by 75 basis points in the past 6 months and is expected to deliver a fourth consecutive rate cut of 25 basis points on August 7, 2019.
Mumbai (Maharashtra) [India], July 10 (ANI): Brickwork Ratings has downgraded credit ratings of government-owned specialised financial institution IFCI Limited's long-term debt instruments, non-convertible debentures and bonds from BWR A minus to BBB plus with negative outlook.
Mumbai (Maharashtra) [India], July 4 (ANI): ICRA has downgraded tea producing company McLeod Russel India's credit rating to default for borrowings worth Rs 1,031.09 crore.
Mumbai (Maharashtra) [India], June 29 (ANI): Investment information company ICRA has downgraded credit ratings of government-owned specialised financial institution IFCI Limited from BBB+ to BBB with a negative outlook.
New Delhi [India], June 16 (ANI): Though macro fundamentals of the Indian economy have taken an unfavourable turn in the past few quarters, the continuity of National Democratic Alliance (NDA) led by Prime Minister Narendra Modi after the general elections augers well for key sectors of the