Page 23 - Icra

Covid-19 impact: Commercial vehicle sales to contract another 8-10% in FY21

ICRA said that it continues to maintain a negative outlook for the commercial vehicle (CV) segment over the near-term

Future Group: Retail king of India faces litmus test as debt soars

Future Group sees its biggest crisis after raising high-cost loans from PEs and pledging shares

Market Ahead, April 8: All You Need To Know Before The Opening Bell

Icra Ratings yesterday sharply cut India's GDP forecast amid the Covid-19 crisis. The rating agency now expects the economy to grow at just 2 per cent in the current fiscal

Covid-19 impact: Indian economy likely to grow 2% in FY21, says Icra

The rating agency said nationwide lockdown announced to contain the coronavirus outbreak has impacted industries

Market volatility challenge to PNB HFC's equity plans, says ICRA

Further delay in fundraising will postpone the expected improvement in the leverage profile and limit the cushion available for absorbing contingencies

Coronavirus supply chain shock for auto component sector, says ICRA

The COVID-19 supply chain disruptions will manifest into a demand shock lasting multiple quarters for the domestic industry, ICRA said in a statement.

IndusInd Bank, SBI tumble as Moody's downgrades sector outlook to negative

Stating that asset quality will deteriorate, Moody's said a sharp decline in economic activity and a rise in unemployment will lead to a deterioration of household and corporate finances.

Coronavirus impact: Rating agencies see more pain for banks and NBFCs

'Spike in NPAs will be reflected over the next few quarters'

Downgraded Rs 7-trn debt as credit quality of Indian firms worsened: ICRA

The agency said policymakers will have to unleash more measures to avoid severe economic imbalances if the COVID-19 crisis prolongs

Covid-19: Icra outlook on bulk, container, offshore negative in near term

Tanker freights see upside as falling oil prices come to rescue

NBFCs to use RBI's liquidity boost to focus on refinancing debt obligations

On Friday, the Reserve Bank of India (RBI) came up with policy measures to ensure there is enough liquidity in the system

Writedown of YES Bank's additional AT-I bonds will result in risk aversion

According to ICRA's estimates, Rs 93,669 crore of AT-I bonds are outstanding as of now

Icra downgrades ratings of Future group holding company over debt pile-up

Furthermore, despite monetisation of investments across various group entities, the total group debt has increased as of December 31, 2019, as against March 31, 2019, ICRA said in a statement

Oil price slump: Centre may not hike excise duty for petro products

For 2019-20, the Centre had estimated average crude price of $55 a barrel, and for 2020-21, it has been assumed at $50 a barrel.

Govt wary of Adani-like bidding streak, puts airport privatisation on hold

During the previous privatisation process in 2018 too, the finance ministry wanted a cap on the number of airports a company could bid for

Coronavirus outbreak poses further concern for solar energy sector: Icra

There is already a slowdown in tendering of wind and solar PV projects by 25 per cent to 8.6 GW in 2019 from 11.5 GW in 2018

Coronavirus impact: Icra downgrades domestic pharma outlook to negative

According to Icra research, domestic API manufacturers have an inventory of one-two months

Rs 2-trillion InvITs likely to hit market in the next 5 years, says ICRA

Companies from roads, telecom fibre, power transmission, and generation are expected to come with InvITs

Two-wheeler volumes to skid 8-10%, demand likely to remain weak: Icra

Despite the near-term volatility, ICRA maintains a stable outlook for the two-wheeler industry for the coming 12-18 months

Loan sale volumes touch Rs 47,000 crore in Dec quarter, says Icra

Abhishek Dafria, Vice President and Head - Structured Finance Ratings at ICRA, said the volume in Q3FY20 were low compared to estimated Rs 77,800 crore in Q3FY19