Aaa Rating

APSEZ becomes India's 1st large-sized pvt infra developer to get AAA rating

Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it has secured an AAA rating by CARE Ratings. With this development, the company has become the first large-sized private infrastructure developer to get this recognition, APSEZ said in a statement. "The rating is largely driven by APSEZ's robust integrated business model, strong industry position, consistent market share growth with healthy profitability, coupled with high liquidity and low leverage," the agency said. In FY24, APSEZ handled a cargo volume of 419.95 MMT, 24 per cent higher than the previous fiscal. APSEZ managing director Karan Adani said, We cherish the recognition to our financial discipline and commitment to deleveraging, diversified asset base as well as customer base and the highest profitability in this sector globally". APSEZ is a part of the globally diversified Adani Group.

FY24 might witness minimum 15-20% rise in corporate bond issuances

Yields on AAA rated corporate bonds fell by 7 basis points across tenures in the first week of November

HDFC's exit to ease fund-raising conditions for high-rated finance firms

It may also compress the spread for debt instruments floated by HFCs over 10-year govt bonds, subject to demand and supply conditions

As Covid ravages India, NBFCs ride out the storm with help of stimulus

India's non-bank lending sector was hit by a crisis in 2018 when a large financier unexpectedly defaulted, and the nation now needs it to stay healthy

Set up special vehicle to give liquidity to MF: Group tells central bank

Distributor's association asks regulators to extend direct credit line for industry.

Country sovereign ratings

Governments are rated on their capacity to meet financial commitments