Page 7 - India Ratings

Moratorium on YES Bank could impact most corporates briefly: India-Ratings

Corporate groups with a large dependency on the bank could face a longer period of disruption.

Covid-19 outbreak could raise downside risk for steel sector: India Ratings

Plant capacity utilisation in India not directly impacted yet, says agency

Around Rs 10.52-trn corporate debt may default over 3 years: India Ratings

Empirically, about 25 per cent of the vulnerable debt is likely to turn delinquent - resulting in additional Rs 2.54 trillion of delinquent debt

India Ratings lowers domestic steel sector outlook for FY21 to negative

High iron ore premiums for new mine owners could alter costs for steel mills

India Ratings revises outlook for construction sector to negative for FY21

The outlook revision follows significant risks emerging from the exposure of certain construction companies to the state governments of Andhra Pradesh, Telangana, Tamil Nadu

India Ratings downgrades Yes Bank issuer rating from 'A' to 'A-'

This is the third downgrade of the private sector lender by Ind-Ra in last one year - which could adversely impact the bank's franchise and potentially create challenges on asset and liability side.

India Ratings pegs Centre's fiscal deficit at 3.6% of GDP ahead of Budget

In its outlook for FY21, it projected the deficit to be 3.4 per cent in the next year against 3 per cent given in the papers presented under the Fiscal Responsibility and Budget Management (FRBM) Ac

GDP to grow by 5.5% in FY21 but downside risks persists: India Ratings

The government has announced a slew of measures recently to prop-up the economy, but Ind-Ra believes they will come to aid only in the medium term

India Ratings estimates fiscal deficit of states to touch 3% of GDP

This fiscal slippage will originate from a decline in tax revenue, a lower nominal GDP and higher expenditure, it said

India Ratings downgrades Macrotech Developers debt from "BBB-" to "BB"

Timely creation of liquidity backup for the upcoming debt maturities in 2HFY20 and FY21 amid the funding challenges being faced by the sector remains the key rating monitorable

India Ratings pegs India's GDP growth in Q2 at 4.7%; FY20 forecast at 5.6%

Second-quarter GDP numbers are likely to be announced on Friday

Another warning

Structural changes needed in every aspect of the economy

States to miss debt target on slow economic growth: India Ratings

RBI data showed that fiscal deficit of states rose to 2.9% of gross domestic product (GDP) in their Revised Estimates, from 2.6% in their Budget Estimates for FY19

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

Sebi, Ministry of Corporate Affairs plan to turn up heat on rating firms

Credit rating agencies may be told to follow norms set for bourses; move will change ownership structure

As NPA resolution crawls, banks stare at spike in credit cost: India Rating

Icra said material incremental NPA generation for fiscal 2020 and 2021 may come from the agriculture and MSME sectors

NHAI pause on contracts likely to hurt construction firms' revenue

Gadkari said NHAI was in a comfortable position and it would go ahead with its fund-raising plans

Ind-Ra lowers outlook on steel sector on sluggish demand expectation

Assigns 'stable-to-negative' outlook from 'stable' for remainder of FY20

India Ratings downgrades YES Bank to 'IND A+', says 'outlook is negative'

"India Ratings and Research has downgraded Yes Bank Ltd's long-term issuer rating to 'IND A+' from 'IND AA-," the bank said in a BSE filing

India Ratings cuts growth forecast for FY 2019-20 to 6-year low at 6.7%

Another risk to the economy is that inflation may rise, depending on the behaviour of oil and rupee value against the dollar, said Sunil Kumar Sinha, principal economist at India Ratings