Page 4 - India Ratings

J&K Bank to get up to Rs 500 crore to maintain adequate capital buffers

The capital adequacy improved on equity infusion of Rs 500 crore by the J&K government in Q4FY20 and three profitable quarters in FY21

Ind Ra gives stable outlook for print media, broadcasters, MSOs for FY22

India Ratings and Research on Thursday gave a stable outlook to print media, broadcasters and multi-system operators for FY22

Welspun India spurts 10% on rating upgrades by India Ratings

The upgrade reflects WIL's better-than-Ind-Ra-expected balance sheet deleveraging through a strong operational performance

Expect pickup of upstream oil producers' profitability in FY22: Ind-Ra

Profitability of upstream oil producers is expected to pick up in FY22, ratings agency India Ratings and Research said

Performance of unsecured loans worsening, says India Ratings report

For secured asset classes, the agency said, it has a stable performance outlook given the recovery in the economy in FY22

Ind-Ra revises fiscal year 2022 steel sector outlook to stable

The agency revised its outlook on the domestic steel sector from negative to stable for the fiscal year beginning April 1, 2021

2-6% retail inflation band has been working well since 2016, say economists

However, some want core to be monitored as well, MPC should be given leeway to choose target

Ind-Ra upgrades fiscal year 2021 credit growth estimates to 6.9%

Improved economic environment in 2H FY21 helped

India Ratings upgrades outlook on banking sector to 'stable' for FY22

The rating agency has upgraded its FY21 credit growth estimates to 6.9 per cent from 1.8 per cent

Additional Budget allocation to wipe out fertiliser subsidy backlog: Ind-Ra

The credit metrics of fertiliser manufacturers in general and urea manufacturers in particular are likely to improve meaningfully in FY22, India Ratings and Research (Ind-Ra) said on Friday

Ind-Ra revises Vedanta's credit outlook to stable from negative

The ratings agency also affirmed the company's long-term issuer rating

States' fiscal deficit to narrow to 4.3% of GDP in fiscal 2022: Report

The aggregate fiscal deficit of states is likely to be at 4.3 per cent of the GDP in 2021-22 compared to 4.6 per cent in 2020-21, says a report by India Ratings and Research

India's GDP to bounce back to 10.4% growth in FY22, says India Ratings

The YoY recovery in FY22 will be V-shaped, but the size of GDP will barely surpass the level attained in FY20

Base Effect: India's FY22 GDP expected to grow 10.4%, says Ind-Ra

The growth will be primarily driven by the base effect, said India Ratings and Research (Ind-Ra)

Power generation may further improve in fourth quarter: Ind-Ra

Power generation in the country would continue to grow in fourth quarter of this fiscal year, rating agency Ind-Ra said in a report

RBI's NBFC paper silent on liquidity management, says India Ratings

The paper has not said whether the cash reserve ratio (CRR) and statutory liquidity ratio (SLR) will be applicable to upper layers of NBFCs

RBI proposals to restrict land financing by NBFCs: India Ratings Report

The Reserve Bank's proposals on restricting specific real estate funding by NBFCs will affect land financing by them, the report said

Ind-Ra downgrades Safety Controls & Devices to 'BB' with negative outlook

India Ratings and Research (Ind-Ra) has downgraded Safety Controls & Devices Pvt Ltd's (SCDPL's) long-term issuer rating to BB with a negative outlook from BB-plus.The company is a leading engineering, procurement and construction contractor of sub-station and fire protection engineers in north India.Ind-Ra said the downgrade reflects a significant decline in SCDPL's revenue in FY20, leading to deterioration in its EBITDA and credit metrics.The revenue plunged to Rs 26 crore in FY20 from Rs 101 crore in the year-ago period due to slower pace of execution of orders. The land availability issues were further aggravated by Covid-19 led supply chain disruptions.Till December 2020, SCDPL executed only Rs 10 crore of its order book worth Rs 269 crore. About 30 per cent of the total projects are slow-moving due to land availability issues in Bihar.The negative outlook reflects Ind-Ra's expectation of a continued low revenue and an elongated working capital cycle in FY21, leading to ...

Hybrid renewable tariffs likely to continue at premium, says Ind-Ra

The upcoming wind-solar hybrid auctions will spark cautious optimism among independent power producers, India Ratings and Research (Ind-Ra) said

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