Page 4 - India Ratings

Ind-Ra keeps 'neutral' outlook for power sector; demand growth to return

Ind-Ra has maintained a 'neutral' outlook for the power sector for FY23 and expects the demand growth to come back to a normal level of 6 to 7 per cent in the next fiscal year.

Union Budget 2022: The capex push, says India Ratings' Devendra Kumar Pant

The philosophy appears to be addressing the unemployment issue through increased capex, which will have a multiplier impact on the economy

India Ratings sees FY23 GDP growth at 7.6% on sustained govt spending

The ratings agency said it estimates investments, as measured by gross fixed capital formation (GFCF), to grow 8.7 per cent YoY in FY23

India Ratings revises Vedanta's outlook to positive from stable

The outlook revision reflects a likely improvement in the operational cash flow for FY22 and FY23 because of a significant increase in the operating profitability, says rating agency

India Ratings upgrades Tata Steel to 'IND AA+'; outlook 'stable'

The ratings agency said that reducing exposure to loss-making overseas units, sustained positive free cash flows at European operations are positives for the steelmaker

India Ratings launches ESG relevance disclosure on rated companies

India Ratings and Research launched its integrated disclosure that shows how environmental, social, and governance (ESG) factors impact individual credit rating decisions

Ind-Ra to disclose more ESG notes on ratings from January 2022

These disclosures will be part of rating action commentaries for all entities having listed securities, says the rating agency

Large infrastructure gaps exist in horticulture: India Ratings report

This is because cold storage capacity has barely kept pace with the requirement, according to the report.

India Ratings upgrades Capacite Infra to 'IND BBB'; outlook 'stable'

Capacite Infraprojects provides engineering, procurement and construction/turnkey solutions for housing, high rises, super high rises, speciality buildings and urban infrastructure

Moody's upgrades India's rating outlook to 'stable' from 'negative'

Retains lowest investment grade rating

India Inc's credit profile gets stronger during Covid-19 pandemic

But rating agencies warn that broad-based upturn not visible yet

Led by data, telecom players' Arpu to grow even without tariff hike: Report

The sliding voice tariffs, growing data tariffs indicate that the average revenue per user of the industry could grow even without tariff hikes, says India Ratings

Securitisation volumes pick up post-Q1 FY22 as collections improves: Report

India Ratings and Research on Friday said securitisation volumes have picked up post the second wave lull in the first quarter of the current fiscal, helped by the improvement in collections.

Elevated inflation can be a drag on overall economic recovery: Ind-Ra

India Ratings and Research (Ind-Ra) has said that salaried and wages earners will be a drag on overall economic recovery in medium term due to tepid recovery of household consumption.

Auto volumes likely to rise 12-16% this fiscal: India Ratings report

Auto volumes are expected to rise 12-16 per cent year-on-year this fiscal, as against the earlier estimate of 16-20 per cent, India Ratings Research (Ind-Ra) said in its latest auto outlook.

High coking coal prices to impact gross margins of steel mills, says Ind-Ra

India's coking coal imports at 5.76 MT in July 2021 were 65 per cent MoM and 114 per cent YoY higher

Power demand recovers 11% to 124.8 billion units in July: Ind-Ra

All India energy demand recovered by 11 per cent to 124.8 billion units in July 2021, on account of stabilising economic activities and decline in Covid-19 cases, according to India Ratings

Public finance of states to improve in FY22 over earlier projections: IndRa

Expects higher gross domestic product at current prices and revenues in the current financial year than projected earlier, despite impact of the second wave of Covid-19

Ind-Ra upgrades JSW Cement's long-term issuer rating to 'IND A+'

The upgrade reflects the significant improvement in JSWCL's business profile, owing to strengthening of market position and operating performance, as well as the financial profile over the near term.

Ind-Ra affirms Yes Bank long-term issuer rating at 'BBB'; outlook is stable

Rating reflects improving deposit profile, adequate capital levels to withstand stress on books