Page 9 - Crisil

Profitability of synthetic yarn makers see steady rise: Crisil

Improved yarn prices because of a sharp rebound in demand in the second half of the current fiscal will help

Deepak Nitrite gains 8% in three days on Crisil's credit rating upgrades

Going forward, growth over the medium term will be driven by trecovery in demand from Basic Chemical (BC) and Performance Product (PP) segments and continued steady outlook for FSC and Phenol segments

Indian steel firms to cut Rs 35,000 cr debt between FY21, FY22: Crisil

The outstanding debt of steelmakers is pegged at Rs 2.15 trillion at end of March 2020

India's GDP to grow 11% in FY22, contract 8% in FY21, says CRISIL

GDP is likely to touch the pre-pandemic level only by the second quarter of fiscal year 2022

India Inc's credit ratio nears 1 as rating upgrades pick up speed: CRISIL

Near-term outlook cautiously optimistic, says the ratings agency

Bank credit to rise 9-10% in FY22 on budget support, RBI measures: Crisil

Despite bank credit contracting by 0.8 per cent in the first half of the current fiscal (H1FY21), the rating agency expects it to rise by 4-5 per cent at the end of the current fiscal (FY21)

Bond market supply likely to double to Rs 70 trillion by 2025: CRISIL

This growth will have three drivers: investments, primarily for infrastructure; NBFCs and HFCs

Crisil upgrades long-term debt rating of Muthoot Finance to AA positive

Crisil Ratings has upgraded its ratings on long-term debt facilities of Muthoot Finance to AA positive with a stable outlook from AA.The upgrade is driven by Muthoot Finance's demonstrated ability to profitably scale up its core gold loan business while maintaining its strong financial risk profile.The rating rationale said established track record and brand name in gold financing industry, strong capitalisation and profitability among the best in industry which is expected to remain healthy are the strengths of Muthoot Finance.The change from AA to AA positive signifies reaching the highest standing in the category and the rating is just one level below AAA rating, which is the highest rating for long term debt instruments.Muthoot Finance said the rating upgrade will enable it to raise more long-term debt funds as well as attract a wider set of investors. Moreover, the company will be able to raise funds at much more competitive rates."This upgrade can further attract investments ...

Strong order books, healthy execution blow for road EPC companies: Crisil

Strong order books and healthy execution of projects will cushion revenue blow for Engineering, Procurement and Construction (EPC) companies in the highways sector, Crisil Ratings said on Wednesday.

CapitaLand, Shapoorji Pallonji's PE arm to foray into data centre business

Such centres to witness $5 bn in investments till March 2025 and increase threefold in capacity: Crisil report

Assam MFI Bill may hike asset-quality challenges for micro lenders: Crisil

The recently passed Micro Finance Institutions (MFI) Bill, 2020 by the Assam Assembly has the potential to increase asset quality challenges for micro lenders, according to a Crisil Ratings report.

DTH licensing policy change detrimental, raises liability risk: Crisil

The new licensing guidelines could significantly increase the potential liabilities of incumbents when renewing their licences, it said

Crisil segregates ratings business to comply with Sebi norms

Crisil announced a transfer of its flagship ratings agency business into a separate, wholly-owned subsidiary to comply with the Sebi mandate for agencies

CCI dismisses unfair practices complaint against 4 credit rating agencies

CCI dismissed a complaint alleging that Crisil, India Ratings, Care Ratings, and ICRA indulged in unfair business practices

Digital adoption helped small businesses survive pandemic: Survey

Adoption of digital means for sales helped a majority of small businesses survive the pandemic, a Crisil survey said

Corporate profits touch all-time high in the September qtr: Crisil

Corporate profits rose 15 per cent to touch an all-time high in the September quarter

Fiscal fault lines

Govt finances might affect economic recovery

Realty sales at pre-Covid levels on the back of stamp duty cut: Crisil

More business shifts to key developers amid pandemic chaos

Property registrations in Mumbai surge, but FY21 to be tough: Crisil

FY21 is going to be a difficult year for the realty sector with primary sales likely to decline by 50 per cent in top 10 cities, a report said on Thursday.

SMBC expands footprint, invests $600 million in India operations

The corporation has invested $600 mn in its Indian operations in 2020