Page 5 - India Ratings

IFB Industries rallies 57% in a month on healthy growth outlook

India Ratings and Research (Ind-Ra) recently affirmed IFB Industries' long-term issuer rating at 'IND AA-' with a stable outlook

Commercial vehicle sales may take longer to recover than expected: Ind-Ra

Commercial vehicle sales in India could take longer to recover than expected despite improving macro-economic indicators, according to India Ratings and Research (Ind-Ra)

Ind-Ra upgrades ratings for Lodha Developers group company Macrotech

Macrotech Developers' leverage and sales are expected to improve from FY22, helping its outlook

Ind-Ra revises projection for economic contraction to 7.8% for FY21

Ind-Ra projections are close to the RBI's expectation of 7.5 per cent GDP growth rate in the current financial year

India Ratings takes 3 finance firms off rating watch negative list

MMFSL maintained sufficient liquidity buffers to make timely debt repayments, even when collections declined

Little co-relation between health spend and Covid-related results: Ind-Ra

While hospitals and beds are essential to manage case load, administrative intervention is a must for mass-scale testing and arresting the spread of the disease, the report says

Mid-corporates staring at 16% revenue drop in 2020-21, says India Ratings

In its previous forecast in May, the agency had forecast 6.02 per cent fall in aggregate revenue.

Automobile sales may fall 20-25% this fiscal, says India Ratings

Rating agency Ind-Ra expects automobile sales to decline by 20-25% this fiscal against its earlier forecast of 22-25% on account of increasing preference for personal mobility

India Ratings maintains negative outlook on base metals sector for H2 FY21

Agency says business disruptions led by Covid-19 likely to persist over next 6-9 months; realisations likely to remain volatile over H2 of FY21

India Ratings maintains negative outlook on domestic steel sector

Expects an operational recovery to pre-Covid-19 levels in second half of FY22, though large players could recover earlier

Tata Projects reworks bidding plan, risk management to boost profitability

At Rs 861.90 crore, Tata Projects is the winning bidder for a new complex that will house the country's legislative wing

Loan recast of stressed assets comes with a higher cost: India Ratings

As per Ind-Ra's estimates, up to 7.7 per cent (Rs 8.4 trillion) of total bank credit in FY20

Ind-Ra maintains negative outlook on transport, energy infra for H2 of FY21

It said toll collections rebound was strong at around 90 per cent of pre-Covid-19 levels in the first 15 days of September 2020, exceeding Ind-Ra's April 2020 expectations

India Ratings maintains negative outlook on NBFCs, HFCs for H2 FY21

It has revised its outlook for tractor loans to stable for the second half of 2020-21 from negative

India Ratings gives 'negative' outlook for banking sector in H2FY21

India Ratings and Research has revised its outlook on the banking sector to 'negative' from 'stable' for H2FY21

Whatever the calculation, India's Q1 GDP contraction is severest among all

Irrespective of whether it is sequential or year-on-year, the inference remains the same; South Africa's 50% contraction is "annualised" and is incomparable to India's 24% fall

Debt recast, demand pick-up to help overcome mismatch in cash flow: Ind-Ra

The rating agency said, "It expects capital market instruments to continue to be serviced, given the diversified nature of holdings and different class of investors"

Rating firms rework their India FY21 GDP forecasts with sharper contraction

Impact on wages to severely dent consumption and decelerate recovery, says India Ratings

Banks turn to digital tools to rework debt payment structures during Covid

According to India Ratings estimates, retail loans - home, personal, auto, and credit cards - amounting to Rs 30,000 crore may come up for recast

Maharashtra govt's stamp duty cut to do little in boosting demand: Ind-Ra

It also noted that the two key residential real estate markets of Maharashtra Mumbai and Pune may react differently to this measure, given the structural difference between these two markets