Page 3 - Credit Rating

After debt resolution, Essar Oil lines up Rs 1,200-crore capex

Post implementation of its resolution plan in December 2022, the company has been making debt repayments for the last two quarters ended March 2023

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

S&P Global Ratings cuts Nissan's credit rating by a notch to junk status

It will take longer than expected for Nissan's automobile division to recover from wavering sales and production, S&P said in a statement Tuesday

Fitch affirms Adani Transmission restricted group's notes at 'BBB-'

No direct impact of alleged malpractices at group on Credit assessment

Ratings of Adani group entities under continuous surveillance: CRISIL

Corporate governance, decline in fundraising capability under scanner

Commercial loan origination volumes dip 4.3% in FY22; avg ticket sizes jump

Commercial lending origination volumes declined by 4.3 per cent to 22.2 lakh loans in the COVID-affected FY22, a credit information company said on Wednesday. If one has to look at the originations by value, there was a 73 per cent jump to Rs 66.49 lakh crore, while the portfolio outstanding at the end of the fiscal grew 8.5 per cent, the report by Crif High Mark said. The average ticket sizes for commercial loans across lenders witnessed a huge spike during the year, with state-owned lenders reporting the number at Rs 3.34 crore in FY22 against Rs 1.65 crore, and that of private banks stood at Rs 3.30 crore compared to Rs 1.85 crore. Commercial lending includes a credit of over Rs 10 lakh to any commercial entity and is further classified as micro, small, medium or large exposures. From a loan stress perspective, there was a decline in the portfolio at risk of loans unpaid for over 90 days in the commercial lending segment, the report said. The stress levels across loan segments,

BS BFSI Insight Summit 2022: Sebi member Ashwani Bhatia to speak at event

In the last six months with Sebi, he has delivered crucial orders in matters such as credit rating agencies, commodity brokers, and RTAs, among others

S&P withdraws Twitter's credit rating due to lack of sufficient information

Twitter's massive about $13 billion debt load was funded directly by banks led by Morgan Stanley when Musk's $44 billion acquisition of the social media giant closed

Rating agencies raise red flag: QIP monitoring may hit disclosure wall

Disclosures around utilisation of issue proceeds not as exhaustive as IPOs: Rating agencies

RBI prods Indian civic bodies to issue municipal bonds for funding

India's local city governments must consider issuing municipal bonds to meet their funding requirements as the demand to ramp-up infrastructure in the Asia's third-largest economy grows

NAREDCO sets up finance committee to help builders in getting funds

The NFC will also support large-scale projects to access funds via financial institutions and educate members to enhance their credit ratings.

SAT gives relief to Brickwork Ratings, stays cancellation of licence

But keeps Sebi ban on taking up new clients

'Strongly contest' sovereign credit ratings downgrade by Moody's: Pakistan

Moody's cut Pakistan's sovereign credit rating on Thursday by one notch to Caa1 from B3, citing increased government liquidity and external vulnerability risks in the wake of devastating floods

Sebi cancels certificate of registration granted to Brickwork Ratings

Orders it to wind down operations in six months

India Inc's credit rating upgrade momentum continues in first half of FY23

Profiles have adequate headroom to navigate the current challenges.

S&P to include hacking risks in credit rating of Asia-Pacific banks

Negative ratings momentum could result in jurisdictions where the entire industry suffers serious data breaches repeatedly, or where regulators are particularly lax, the agency said

Sebi directs credit rating agencies to up firewall with non-rating entities

The monitoring of the circular will be required to be done through half-yearly internal audits

Reforming ratings

New norms will increase transparency

Sebi tweaks rules for sharp rating actions, non-cooperating issuers

Sebi comes out with circular with changes, also tweaks policy to deal with non-cooperating issuers

Credit rating of Rs 35,000 cr debt could be lowered due to RBI diktat: Icra

Power, healthcare, engineering, construction, and roads sectors account for 60% of the total entities whose ratings could potentially be affected