Search For "rating agency"
Slowdown in agriculture, manufacturing may pull GDP down to 6.6 pc: Fitch
Updated : 6 years, 9 months ago IST
London [Britain], June 18 (ANI): Global rating agency Fitch Ratings has cut forecast for India's gross domestic product (GDP) growth to 6.6 per cent for the current fiscal 2019-20, from 6.8 per cent projected three months ago, largely due to persistent slowdown in manufacturing and agricultu
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NDA regime's continuity augers well for industry: ICRA
Updated : 6 years, 9 months ago IST
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
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Revenue growth in Q4 FY19 hits six quarter low led by weak consumer sentim
Updated : 6 years, 9 months ago IST
New Delhi [India], June 13 (ANI): Financial results released by 642 companies in the corporate sector shows revenue growth in fourth quarter (January to March) of 2018-19 hit a six-quarter low at 10 per cent, investment information and credit rating agency ICRA said on Thursday.
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Crisil downgrades DHFL's commercial paper rating to 'default' grade
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 5 (ANI): Global rating agency Crisil on Wednesday downgraded its rating on the commercial paper of Dewan Housing Finance Corporation Limited (DHFL) to 'Crisil D' from 'CRISIL A4 plus' as the company has failed to pay interest on bonds.
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Construction sector to lead recovery in steel demand: ICRA
Updated : 6 years, 9 months ago IST
New Delhi [India], June 5 (ANI): While the performance of domestic steelmakers is likely to be lower in the first quarter of the current financial year as compared the previous year due to several headwinds, the construction sector will be at the forefront of demand recovery in the second ha
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Corporates report plunging revenue growth, lower margins in Q4 FY19: ICRA
Updated : 6 years, 9 months ago IST
New Delhi [India], May 26 (ANI): The fourth quarter (January to March 2019) financial results released by 304 companies in the corporate sector show a sequential drop in revenue growth to 10.7 per cent from 20.1 per cent in the previous quarter (October to December 2018), according to invest
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Creditors expect increase in realisations through IBC despite hiccups
Updated : 6 years, 10 months ago IST
New Delhi [India], May 19 (ANI): Innumerable litigations, defiant promoters, failing sectors and over-burdened National Company Law Tribunals (NCLTs) have negatively impacted corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) over the past two years, ac
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M&A deals in hospital sector jump by 155 pc in FY 19: ICRA
Updated : 6 years, 10 months ago IST
New Delhi [India], May 7 (ANI): The total value of merger and acquisition (M&A) transactions in the hospital sector totalled Rs 7,615 crore in 2018-19 as against Rs 2,991 crore done in the previous fiscal, recording an increase of 155 per cent, according to investment information and
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ICRA downgrades Yes Bank's bonds as quality of large borrowers slides
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 4 (ANI): Private lender Yes Bank said on Saturday that rating agency ICRA has downgraded its tier-I and tier-II bonds and infrastructure debt following deterioration in the credit quality of large ticket borrowers.
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Reliance Capital's long-term rating by Brickworks stands at A+
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], Apr 27 (ANI): Brickworks, a SEBI registered credit rating agency, has revised Reliance Capital Limited (RCL) rating to 'A+' for long-term debt program, market-linked debentures and subordinated debt of the company, said the firm in a statement on Saturday. Read More
ICRA downgrades Reliance Capital to A4 with negative implications
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], Apr 27 (ANI): Rating agency ICRA has revised its ratings for Anil Ambani-led Reliance Capital and its subsidiaries from A2 to A4 with negative implications.
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Telecom industry needs to fiberise networks: ICRA
Updated : 6 years, 11 months ago IST
New Delhi [India]. Mar 31 (ANI): With over a billion mobile phone customers and an explosion of mobile data consumption over the past two years, the Indian telecom industry needs to migrate from traditional copper-based networks to dense optic fiber cable networks, according to investment
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