Search For "rating agency"
Prospects for bank credit growth promising, to grow 12-13 pc in 2022-23: R
Updated : 3 years, 7 months ago IST
New Delhi [India], July 28 (ANI): The medium-term prospects for bank credit growth look promising with rising personal and wholesale borrowings and a substantial buffer for loan provisioning. Credit rating agency CareEdge estimates the credit growth to be in the range of 12-13 per cent durin
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Best Agrolife Subsidiary, receives "A" Credit Rating from CARE
Updated : 3 years, 7 months ago IST
New Delhi [India], July 22 (ANI/NewsVoir): A wholly owned subsidiary of Best Agrolife Ltd. received "A- Long-term Rating from India's top credit rating agency, CareEdge Ratings (CARE Ratings Ltd.).
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Rising input costs to hurt profitability of Indian pharma sector in 2022-2
Updated : 3 years, 7 months ago IST
New Delhi [India], July 19 (ANI): Faced with rising prices of active pharmaceutical ingredients (APIs), and other key inputs coupled with a rise in freight and energy costs, the operating profitability of Indian pharmaceutical companies is expected to decline by 200-250 basis points (or 2.5
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Automobiles, chemical firms most exposed to high commodity prices, says Mo
Updated : 3 years, 8 months ago IST
New Delhi [India], July 18 (ANI): Rising raw material costs, declining profitability and higher working capital requirements are having the biggest impact on companies in the automotive and chemical sectors, said a report by global rating agency Moody's.
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Emergence of new COVID variants a risk to global economic outlook: Moody's
Updated : 3 years, 8 months ago IST
New Delhi [India], July 16 (ANI): Though the overall virus-related concerns have eased with COVID infections becoming less deadly, a spike in new infections across G-20 economies is, however, a reminder that the emergence of newer and more dangerous variants remains a risk to the global econ
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Economic outlook for FY23 hinges on private consumption, investment demand
Updated : 3 years, 8 months ago IST
New Delhi [India], July 12 (ANI): Though there are signs of easing commodity prices, the economic outlook for the current financial year 2022-23 remains quite uncertain and will ride completely on the wheels of private consumption and investment demand, said a report.
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India's bank credit growth expected to remain positive, says CareEdge repo
Updated : 3 years, 8 months ago IST
New Delhi [India], July 5 (ANI): The outlook for India's bank credit growth, which has witnessed modest growth in recent years, is expected to remain positive due to slew of factors such as economic expansion, rise in government and private capital expenditure, rising commodity prices, imple
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CRISIL sees India's average retail inflation in FY23 at 6.8 pc
Updated : 3 years, 8 months ago IST
New Delhi [India], July 2 (ANI): India's retail inflation during the financial year FY22-23 is expected to average at 6.8 per cent, as compared to 5.5 per cent the previous year, said rating agency CRISIL in a report.
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Fleet operators in expansion lane despite higher interest rates: Report
Updated : 3 years, 8 months ago IST
New Delhi [India], June 30 (ANI): Fleet operators are likely to continue adding to their fleet size this financial year, steered by higher demand from road-freight sectors despite higher repayment burden emanating from a rise in interest rates on loans, said a rating agency CRISIL report.
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Low exports, rising cost to hurt profitability of home textile firms, says
Updated : 3 years, 8 months ago IST
New Delhi [India], June 29 (ANI) Operating profitability of home textile makers is seen moderating 150-200 basis points (or 1.5-2.0 percentage points) to 13 per cent during this financial year 2022-23, weighed down by lower export demand and a sharp increase in raw material and transportatio
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Rating agency ICRA sees India's policy rate hike shallower than US
Updated : 3 years, 8 months ago IST
New Delhi [India], June 27 (ANI) Given the uneven domestic economic recovery, and a relatively larger output gap compared to pre-Covid levels, as well as higher inflation tolerance levels, rating agency ICRA expects India's policy rate hike cycle to be shallower vis-a-vis the US Fed.
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CARE EDGE assigns AA- rating to Svatantra Microfin Pvt Ltd and Svatantra M
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India] June 25 (ANI/BusinessWire India): CARE EDGE - One of India's most reputed global rating agency - upgraded Svatantra Microfin Private Limited (SMPL) and Svatantra Micro Housing Finance Corporation Ltd (SMHFC) rating to CARE AA- (outlook stable). The rating reflect
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