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India's economy likely to tank 9 pc due to Covid distress: S&P
Updated : 5 years, 6 months ago IST
Singapore, Sep 14 (ANI): S&P Global Ratings said on Monday it expects India's economy to contract by 9 per cent in the current fiscal year ending March 31, 2021 as rising Covid-19 cases will keep private spending and investment lower for longer.
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Moody's affirms Bharti's Ba1 CFR, revises outlook to stable
Updated : 5 years, 6 months ago IST
Hong Kong, Sep 14 (ANI): Moody's Investors Service has affirmed Bharti Airtel Ltd's Ba1 corporate family rating and senior unsecured rating as well as the backed senior unsecured notes issued by its subsidiary Bharti Airtel International (Netherlands) BV.
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Covid-19 disruptions exacerbate credit quality deterioration for India Inc
Updated : 5 years, 6 months ago IST
Singapore, Sep 11 (ANI): The aggregate earnings before interest, taxes, depreciation and amortisation (EBITDA) for 22 rated Indian non-financial companies will fall by 24 per cent in the current financial year, global rating agency Moody's said on Friday.
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Ind-Ra assigns UBI's tier 2 bonds AA-plus with rating watch evolving
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 11 (ANI): India Ratings and Research (Ind-Ra) said on Friday it has assigned Union Bank of India's (UBI's) tier two bonds an AA-plus rating and placed it on rating watch evolving (RWE).
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Uncertain outlook for India as public debt rise underscores policy challen
Updated : 5 years, 6 months ago IST
Hong Kong, September 11 (ANI): Economic growth will turn positive for Asia in the second half of this calendar year but the process of fiscal consolidation is set to be more protracted for the region, according to Fitch Ratings.
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Stake sale, Future Group asset acquisition to boost Reliance's retail busi
Updated : 5 years, 6 months ago IST
Singapore, September 10 (ANI): Reliance Industries Ltd's (RIL's) plan to sell a stake in its retail subsidiary at an equity valuation of Rs 4.21 lakh crore and its proposed acquisition of Future Group's retail businesses will solidify RIL's position in India's organised retail market and str
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Fitch affirms Bharat Petroleum at BBB-minus with negative outlook
Updated : 5 years, 6 months ago IST
Singapore, September 9 (ANI): Fitch Ratings has affirmed Bharat Petroleum Corporation Ltd's (BPCL's) long-term foreign-currency issuer default rating at BBB-minus with a negative outlook.
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Fitch lowers India FY21 GDP forecast to minus 10.5 per cent
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 8 (ANI): Fitch Ratings has sharply lowered its forecast for India's gross domestic product (GDP) growth for the current fiscal year (FY21) and expects it to contract by 10.5 per cent as compared to its earlier estimate of 5 per cent contraction.
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Telecom subscriber base continues to decline for third month in a row: Ind
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 7 (ANI): The telecom industry's subscriber base continued to decline month-on-month in May for the third month in a row due to outbreak of COVID-19, which led to issues like movement of migrant labourers to their home towns and SIM card consolidation, India
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Crisil reaffirms AA, A1+ ratings on Welspun Corp's bank facilities, debt p
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 5 (ANI): Welspun Corp said on Saturday that Crisil has reaffirmed its ratings on Rs 5,825 crore bank facilities and debt programmes at AA and A1-plus.
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Acuite reaffirms ratings on Future Retail on sale to RRFLL
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 5 (ANI): Acuite Ratings and Research has reaffirmed the long-term rating of C on Rs 200 crore proposed non-convertible debentures of Future Retail Ltd (FRL) and kept it on watch with developing implications.
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Fitch places Future Retail on rating watch positive on sale to Reliance
Updated : 5 years, 6 months ago IST
Sydney [Australia], September 4 (ANI): Fitch Ratings has placed Future Retail Ltd's (FRL's) issuer default rating of C and the rating on its 500 million dollars 5.6 per cent senior secured notes due in 2025 of C with a recovery rating of RR4 on rating watch positive.
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