Page 2 - Credit Rating Agencies

Sebi standardises industry classification for credit rating agencies

The standardised framework will help bring about uniformity in the classifications being used across sectors and in securities market

Russia, Ukraine credit ratings put on review for downgrade by Moody's

S&P lowered Russia to BB+, below investment grade, from BBB- late Friday and warned of further cuts

CRISIL upgrades Vedanta's long-term debt, loans ratings from 'AA-' to 'AA'

CRISIL improved its rating on Vedanta Ltd. on account of stronger than expected operating profitability due to high commodity prices in FY22.

Jubilant Pharma: Fitch revises outlook to 'negative'; affirms 'BB' rating

Fitch estimates the pharma company's EBITDA to drop significantly in FY23 due to lower volume and narrowing of the margin to 11%

India Ratings upgrades Capacite Infra to 'IND BBB'; outlook 'stable'

Capacite Infraprojects provides engineering, procurement and construction/turnkey solutions for housing, high rises, super high rises, speciality buildings and urban infrastructure

Fitch's rating disappointing but investors see future in India, its reforms

India's economy can expect a minimum rating of A given that all debt is in rupees and there is no external risk posed.

Credit rating agencies still vulnerable to new biz risks, say experts

Agencies insist they have improved supervision and governance

S&P upgrades Tata Steel, Tata Motors, JLR ratings over Tata Sons' influence

The upgrades reflect the view that the credit profiles of the Tata Group entities are strengthened by their importance to Tata Sons, with potential for financial support

Yes Bank surges 16% on heavy volumes, hits 6-week high

In the past three trading days, the stock price of Yes Bank has appreciated by 18 per cent after the rating agency ICRA affirmed private lender's various instrument with a stable outlook

Amid inconsistencies, ESG rating framework not on Sebi's agenda, for now

Companies currently are inconsistent with comprehensive disclosures on ESG

Unleash animal spirits to put economy on recovery path: FM tells India Inc

Asks rating agencies to be mindful of relative spending spree of economies

Sebi imposes a penalty of Rs 1-crore on Brickwork Rating India

Sebi and RBI had conducted a joint inspection, where they found lapses

ICRA Q1 net profit declines 17% to Rs 17 cr, income down at Rs Rs 80.8 cr

The level of activity in the economy was significantly impacted by the coronavirus-induced lockdown in the first quarter of 2020-21, it said

India's forex reserves near $500 bn, but RBI won't let rupee rise: Experts

Analysts say the central bank is enhancing reserves to guard against a likely downgrade in India's credit rating or to ensure a bigger transfer of surplus to the revenue-starved government

RBI asks rating agencies to use social media, AI to catch stress signals

Rating agencies meet RBI top brass, seek access to Central Repository of Information on Large Credits (CRILC) maintained by central bank

Rating rationale

India must walk the talk on deep structural reforms

Moody's rating downgrade unlikely to rattle markets, say experts

'It was expected that Moody's would align back India's rating with Fitch and S&P'

Moody's cuts India's rating to 'Baa3', maintains negative outlook

The change brings Moody's rating into line with Fitch and Standard and Poor's, both of which rate India BBB-, although they assign stable rather than negative outlooks

Coronavirus pushes global credit rating downgrade threat to record high

A total of 1,287 of S&P's ratings are now on a downgrade warning

Sebi eases 90-day curing period norm for defaulting firms post-downgrade

Raters can move company to speculative grade on case-by-case basis