Page 25 - Icra

ICRA downgrades Karvy Stock Broking's long-term bank lines to 'BB'

The rating is based on limited or no updated information on the entity's performance since the time it was last rated in March 2019.

ICRA cuts Karvy Broking's credit rating to 'non-cooperating category'

Rating agency says the investment arm of Karvy Group didn't heed its requests for information about the company's performance.

Bharti Airtel dips 4% as investors book profit amid ICRA's rating downgrade

ICRA downgraded Bharti Airtel's long-term rating from "AA" to "AA-"on higher than anticipated provision for dues towards license fees on adjusted gross revenues (AGR) and spectrum usage charge.

ICRA downgrades Bharti Airtel's long term rating from "AA" to "AA-"

The ratings continue to remain under watch with negative, ICRA said in a statement

ICRA downgrades Peninsula Land's debentures to 'C', cites debt servicing

The company, which is part of the Ashok Piramal Group, till July 2019 had Rs 2,310 crore in debts on a consolidated basis

Icra downgrades its outlook on automotive dealership sector to negative

The muted industry scenario has stressed credit profile of dealers, especially those of new entrants and, has forced some dealerships to shut down as well, he added.

Icra downgrades Piramal holding firm's debt rating, cites liquidity crunch

The downgrade comes at a time when group flagship Piramal Enterprises is planning a rights issue worth Rs 3,650 crore

Icra sees FY20 bank credit growth declining to 8.5% from 13.3% last year

The recent changes in mutual funds regulations are likely to result in a decline in the volume of commercial paper outstanding by March 2020

Slow progress on stressed power assets; only 10% capacity resolved: Icra

The balance capacity is under various stages of resolution, including through Insolvency and Bankruptcy Code (IBC)

Domestic demand for mining, construction machines dips 17% in Jan-Aug: Icra

Immediate term demand outlook in the dealer community is also negative

IBC resolutions exceed new time limit of 330 days prescribed by govt

In July, in a bid to expedite the resolution process, the government made amendments to the Insolvency and Bankruptcy Code (IBC) that included revising the time limit to 330 days

Housing finance companies' gross non-performing assets up 2.2%: Icra

Markets like Surat and Pune in the affordable segment could show higher slippages owing to delays and challenges faced by some projects

Direct sale of loans by NBFCs and HFCs takes a knock in H1, says Icra

Securitisation under pass-through certificate (PTC) transactions was to the tune of Rs 92,000 crore in the past one year

ICRA revises rating outlook for one-third of wind, solar portfolio

The agency has downgraded rating for 20% of its rated portfolio for wind and solar

ICRA downgrades rating outlook for one third of its wind, solar portfolio

In addition to a slower tendering activity, the sector also faces concerns over delayed payments

Q2 earnings preview: Long rain spells bad news for cement companies

The current financial year has so far been an anomaly for the cement sector with a decline in demand growth seen in Q1

India's thermal coal imports to cross 200 mn tonnes in FY 20: Icra

Icra said it expects Coal India, which has missed annual production targets over the last few years, to fall short of its 2019/20 production forecast of 660 million tonnes by up to 75 million tonnes

With mining leases on verge of expiry, higher iron ore imports on cards

In 2015, India embraced competitive auctions as the best long-term approach to clamp down on corruption after scandals over allotments of mines

Why do credit rating agencies keep missing big Indian company defaults?

India's major rating firms include Crisil, the Indian unit of S&P Global; ICRA, the local unit of Moody's Investors Service

Central Bank of India set to raise Rs 2000 crore via tier-II bonds

These rated instruments (tier-II bonds under Basel III) is a hybrid subordinated instrument with equity-like loss-absorption features.