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Gradual coal demand recovery amid high inventory to keep prices subdued in
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 17 (ANI): Coal prices are likely to be subdued in the current financial year on the back of low power demand and piling inventory at power stations, India Ratings and Research (Ind-Ra) said in its first edition of credit news digest published on Monday.
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Revenue, EBITDA margins of EPC companies to fall by 15 per cent in FY21: I
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 15 (ANI): The revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) margin of engineering, procurement and construction (EPC) companies will decline around 15 per cent year-on-year in the current financial year as COVID-19 led l
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Acuite downgrades Future Retail's Rs 200 crore NCDs to BB+
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 15 (ANI): Acuite Ratings and Research has downgraded the long-term rating on Rs 200 crore proposed non-convertible debentures of Future Retail to BB-plus from BBB-plus.
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Gold loan relaxation of LTV norms to limit exposure appetite of banks: Ind
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 13 (ANI): Gold loan non-banking finance companies (NBFCs) are unlikely to be significantly impacted by the Reserve Bank of India's new guidelines allowing banks to lend up to 90 per cent of the gold value as prudent lending practices may demand lenders to be
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Refinancing needs to rise as NBFCs roll out restructuring plans: Ind-Ra
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 12 (ANI): The Reserve Bank of India's decision allowing lenders to restructure loans will increase their refinancing requirements, especially for non-banking banking companies (NBFCs), India Ratings and Research (Ind-Ra) said on Wednesday.
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Regulations support Adani Transmission's EBITDA, collection delays: Fitch
Updated : 5 years, 7 months ago IST
Singapore, Aug 12 (ANI): The operating profit of Adani Transmission Ltd's (ATL's) electricity transmission and distribution business is largely immune to lower volume caused by coronavirus pandemic as it benefits from a favourable regulatory framework, Fitch Ratings said on Wednesday.
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India's bank debt restructuring to delay NPL recognition: Fitch
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 11 (ANI): The Reserve Bank of India's (RBI's) recent proposal to allow banks to restructure many types of loans will extend uncertainty over the banking sector's asset quality, Fitch Ratings said on Tuesday.
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Crisil reaffirms A1-plus rating on Rs 100 cr CP of Jubilant FoodWorks
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 11 (ANI): Crisil has reaffirmed A1-plus rating on the Rs 100 crore commercial paper programme of food services major Jubilant FoodWorks which operates Domino's Pizza and Dunkin' Donuts chain in India.
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India's incentives for domestic API production could cut supply risk: Fitc
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 10 (ANI): The Indian government's recent incentives to boost domestic manufacturing of active pharmaceutical ingredients (APIs) and key starting materials (KSMs) can improve backward integration over the next few years and curtail supply-chain disruption ris
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No common benchmark for reporting portfolio under moratorium creating disc
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 8 (ANI): The absence of a common benchmark for lenders for reporting loans under moratorium has led to mismatches between the data in financial stability report published by the Reserve Bank of India (RBI) and the reported data of individual banks, India Rat
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Ind-Ra affirms IDFC First Bank's debt instruments at AA-plus with negative
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 8 (ANI): India Ratings and Research (Ind-Ra) has affirmed private sector lender IDFC First Bank's debt instruments ratings at AA-plus with a negative outlook.
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RBI's move on 90 per cent LTV on gold loans to heighten credit risk for ba
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 7 (ANI): Brickwork Ratings has said that an increase in loan to value (LTV) ratio to 90 per cent for borrowers increases the credit risk for banks as the collateral available in the form of gold ornaments or jewellery may not be sufficient to fully cover
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