Ratings Agency

Hindenburg report: Sebi discusses Adani firms with ratings agencies

SEBI asked about the maturity profile of Adani Group debts, its liquidity, the founder's leverage and the overall rating process

CARE Ratings surges 7%, hits 52-week high in subdued market

In past one month, the stock has outperformed the market by surging 20 per cent, as compared to 3 per cent decline in the Sensex.

CBI files charge sheet against ex-BARC CEO in ratings manipulation case

The CBI has filed a charge sheet against former BARC CEO Sunil Lulla for allegedly manipulating viewership ratings of channels from "his ends" during his tenure in the ratings agency, officials said Tuesday. During the probe that was started on a complaint from a Lucknow-based advertiser, the CBI did not find any evidence of alleged manipulation being done at the customer level by channels, they said. The alleged manipulation in TV ratings took place at the level of Lulla when he was heading the Broadcast Audience Research Council (BARC), according to the agency charge sheet filed at a special CBI court in Lucknow. Lulla has denied the charges. Sources refused to share details of the charge sheet as the special court is yet to take cognizance of it. The agency has pressed charges under IPC sections 406 (criminal breach of trust), 420 (cheating) and others, they said. The court will take cognisance of the charge sheet on December 15, for which it has issued summons to Lulla, they

RBI says regulated bodies can't get fresh ratings from Brickwork Ratings

Sebi carried out a series of inspections against Brickwork, which obtained its licence as a CRA in 2008, starting April 2014, which led to multiple adjudication proceedings against the firm

Brickwork impact: Charts favour Icra; CRISIL, CARE Ratings test key levels

ICRA and CRISIL have gained up to 22 per cent so far this year, while Care Ratings has been a underperformer, down 14 per cent.

Chalet Hotels up 6%, hits 52-week high in a weak market on ratings upgrade

The Positive Outlook reflects a consistent recovery in CHL's business operations since 2QFY22, with 1QFY23 revenue and EBITDA exceeding the pre-COVID-19 levels.

MFIs, smaller NBFCs collections drop to 65-85% in Q1 FY22: Acuite Ratings

The collection efficiencies of its rated microfinance institutions (MFIs) and smaller non-banking finance companies (NBFCs) have dropped to 65-85 per cent during the first quarter of fiscal 2022.

CARE Ratings soars 22% in three days on strong Q4 results

In Q4FY21, CARE Ratings reported 69% year-on-year growth in consolidated net profit at Rs 26.49 crore as against Rs 15.68 crore in Q4FY21

Rating agencies come together to represent Indian rating industry

Currently, there are seven credit ratings agencies registered with SEBI

India's prized investment grade status hanging by a thread amid Covid-19

The severity of the current virus wave is making the main agencies, S&P, Moody's and Fitch agitated

India's sovereign rating to remain at current level for next 2 years: S&P

S&P Global Ratings on Friday said India's credit rating would be retained at the current level for the next two years, and the country will see a slightly faster pace of growth in the next couple of years that will support its sovereign rating. S&P, which had in March seen the Indian economy growing by 11 per cent in the fiscal year to March 2022, saw GDP growth rate dropping to 9.8 per cent under the 'moderate' scenario, where infections peak in May, and falling to as low as 8.2 per cent in 'severe' scenario under which caseload would peak only in late June. Speaking at a webinar on 'What A Drawn Out Second COVID Wave Means For India', S&P Global Ratings Director - Sovereign and Public Finance Ratings - Andrew Wood said in the moderate downside scenario there would not be any major impact on the government's fiscal position. There could be upside pressure on general government fiscal deficit forecast of 11 per cent as revenue generation would be weaker, but debt stock ...

Moody's upgrades outlook on Tata Steel to stable, cites recovery in Q3

Agency affirms Corporate Family rating 'Ba2', says company will continue recovering after demand slump last year

Do not see India's rating downgrade because of higher spending: FM

Finance Minister Nirmala Sitharaman on Wednesday said India enjoys an investment grade rating

India's sovereign rating fixation

Should Indian policymakers be concerned about India's existing sovereign rating?

Monthly collections in retail pools of NBFCs at pre-moratorium level: Icra

Icra said the monthly collections, including overdues in its rated retail loan pools originated largely by NBFCs and HFCs, have reached pre-moratorium levels

Reining in fiscal deficit key to India keeping investment grade rating: S&P

S&P currently has India at 'BBB-'

India must work to get rating upgrade in line with fundamentals: CEA

India will have to persistently make efforts for improvement in its sovereign rating by different global agencies in line with its economic fundamentals, Chief Economic Adviser K V Subramanian said on Saturday. The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals. "We have made the case very very forcefully (to rating agencies)...These changes happen over time. They don't happen instantaneously, but you have to continue making efforts," he told PTI in an interview. The Survey said sovereign credit ratings methodology must be amended to reflect economies' ability and willingness to pay their debt obligations, and suggested that developing economies must come together to address this bias and subjectivity inherent in sovereign credit ratings methodology. "Never in the history of sovereign credit ratings has the fifth largest economy in the

Icra upgrades financial ratings of Tata Consumer Products to 'AAA'

ICRA has upgraded the rating for long-term financial instruments of Tata Consumer Products worth Rs 350 crore to AAA with a stable outlook from AA-plus

Raters see India's GDP contracting more in FY21 than projected earlier

Prescribe demand booster dose from govt, but many say that's unlikely to come

Moody's cuts rating on Tata Motors, changes outlook to negative

Rating action comes days after the Tata group flagship reported a quarterly pre-tax loss of Rs 9,313 cr compared to a profit before tax of Rs 1,265 cr a year ago