Page 3 - India Ratings

India Inc's credit profile gets stronger during Covid-19 pandemic

But rating agencies warn that broad-based upturn not visible yet

Led by data, telecom players' Arpu to grow even without tariff hike: Report

The sliding voice tariffs, growing data tariffs indicate that the average revenue per user of the industry could grow even without tariff hikes, says India Ratings

Securitisation volumes pick up post-Q1 FY22 as collections improves: Report

India Ratings and Research on Friday said securitisation volumes have picked up post the second wave lull in the first quarter of the current fiscal, helped by the improvement in collections.

Elevated inflation can be a drag on overall economic recovery: Ind-Ra

India Ratings and Research (Ind-Ra) has said that salaried and wages earners will be a drag on overall economic recovery in medium term due to tepid recovery of household consumption.

Auto volumes likely to rise 12-16% this fiscal: India Ratings report

Auto volumes are expected to rise 12-16 per cent year-on-year this fiscal, as against the earlier estimate of 16-20 per cent, India Ratings Research (Ind-Ra) said in its latest auto outlook.

High coking coal prices to impact gross margins of steel mills, says Ind-Ra

India's coking coal imports at 5.76 MT in July 2021 were 65 per cent MoM and 114 per cent YoY higher

Power demand recovers 11% to 124.8 billion units in July: Ind-Ra

All India energy demand recovered by 11 per cent to 124.8 billion units in July 2021, on account of stabilising economic activities and decline in Covid-19 cases, according to India Ratings

Public finance of states to improve in FY22 over earlier projections: IndRa

Expects higher gross domestic product at current prices and revenues in the current financial year than projected earlier, despite impact of the second wave of Covid-19

Ind-Ra upgrades JSW Cement's long-term issuer rating to 'IND A+'

The upgrade reflects the significant improvement in JSWCL's business profile, owing to strengthening of market position and operating performance, as well as the financial profile over the near term.

Ind-Ra affirms Yes Bank long-term issuer rating at 'BBB'; outlook is stable

Rating reflects improving deposit profile, adequate capital levels to withstand stress on books

Capacite Infraprojects locked in 20% lower circuit on rating downgrade

India Ratings & Research has downgraded the company's long term issuer rating to 'IND D', from 'IND A'

Ind-Ra revises GDP growth projection to 9.4% in FY22 and 15.3% in Q1

In June, the rating agency had said that the GDP would grow by 9.6 per cent if the country is able to vaccinate its entire adult population by December 31 this year

Ind-Ra assigns Barclays India AAA with stable outlook

India Ratings and Research (Ind-Ra) has assigned long-term issuer default rating for Indian branch of Barclays Bank Plc (BBPLC) at AAA with a stable outlook.

Merchandise exports to grow 6.9% year-on-year in 2021-22: India Ratings

Some of the major export destinations for India's top-10 commodities, such as the US and parts of Europe, are expected to see strong import growth in 2021

Cement demand recovers in June; capex calls disregard second wave: Ind-Ra

The June volumes would have come despite rains affecting construction in some parts of the country, causing 35-40 per cent YoY growth in Q1FY22 on a low base

India Rating downgrades Sadbhav Engineering, Sadbhav Infra over liquidity

Project execution capabilities could be impacted; delay in the monetisation of assets could add to liquidity stress

ONGC's rating downgraded in line with India's sovereign rating

State-run Oil and Natural Gas Corporation Ltd (ONGC) and its subsidiary ONGC Videsh have witnessed a ratings downgrade with a negative outlook, courtesy a similar Indian sovereign rating.

Burden of taxation impeding household consumption, says Ind Ra

Meanwhile, the agency also said that the second wave is likely to impact rural loan collections in securitised pools of loans.

Realty consultants' data on occupancy differs from companies' nos : Ind-Ra

While the data from the listed REITs and companies rated by India Ratings clearly is raising concerns, that provided by real estate consultancies projects a sanguine picture

Recovery in energy demand to continue despite Covid-led blip: Ind-Ra

The electricity generation increased 42.5 pe cent y-o-y to 115.5 billion units in April 2021