Page 5 - India Ratings

Capacite Infraprojects locked in 20% lower circuit on rating downgrade

India Ratings & Research has downgraded the company's long term issuer rating to 'IND D', from 'IND A'

Ind-Ra revises GDP growth projection to 9.4% in FY22 and 15.3% in Q1

In June, the rating agency had said that the GDP would grow by 9.6 per cent if the country is able to vaccinate its entire adult population by December 31 this year

Ind-Ra assigns Barclays India AAA with stable outlook

India Ratings and Research (Ind-Ra) has assigned long-term issuer default rating for Indian branch of Barclays Bank Plc (BBPLC) at AAA with a stable outlook.

Merchandise exports to grow 6.9% year-on-year in 2021-22: India Ratings

Some of the major export destinations for India's top-10 commodities, such as the US and parts of Europe, are expected to see strong import growth in 2021

Cement demand recovers in June; capex calls disregard second wave: Ind-Ra

The June volumes would have come despite rains affecting construction in some parts of the country, causing 35-40 per cent YoY growth in Q1FY22 on a low base

India Rating downgrades Sadbhav Engineering, Sadbhav Infra over liquidity

Project execution capabilities could be impacted; delay in the monetisation of assets could add to liquidity stress

ONGC's rating downgraded in line with India's sovereign rating

State-run Oil and Natural Gas Corporation Ltd (ONGC) and its subsidiary ONGC Videsh have witnessed a ratings downgrade with a negative outlook, courtesy a similar Indian sovereign rating.

Burden of taxation impeding household consumption, says Ind Ra

Meanwhile, the agency also said that the second wave is likely to impact rural loan collections in securitised pools of loans.

Realty consultants' data on occupancy differs from companies' nos : Ind-Ra

While the data from the listed REITs and companies rated by India Ratings clearly is raising concerns, that provided by real estate consultancies projects a sanguine picture

Recovery in energy demand to continue despite Covid-led blip: Ind-Ra

The electricity generation increased 42.5 pe cent y-o-y to 115.5 billion units in April 2021

J&K Bank to get up to Rs 500 crore to maintain adequate capital buffers

The capital adequacy improved on equity infusion of Rs 500 crore by the J&K government in Q4FY20 and three profitable quarters in FY21

Ind Ra gives stable outlook for print media, broadcasters, MSOs for FY22

India Ratings and Research on Thursday gave a stable outlook to print media, broadcasters and multi-system operators for FY22

Welspun India spurts 10% on rating upgrades by India Ratings

The upgrade reflects WIL's better-than-Ind-Ra-expected balance sheet deleveraging through a strong operational performance

Expect pickup of upstream oil producers' profitability in FY22: Ind-Ra

Profitability of upstream oil producers is expected to pick up in FY22, ratings agency India Ratings and Research said

Performance of unsecured loans worsening, says India Ratings report

For secured asset classes, the agency said, it has a stable performance outlook given the recovery in the economy in FY22

Ind-Ra revises fiscal year 2022 steel sector outlook to stable

The agency revised its outlook on the domestic steel sector from negative to stable for the fiscal year beginning April 1, 2021

2-6% retail inflation band has been working well since 2016, say economists

However, some want core to be monitored as well, MPC should be given leeway to choose target

Ind-Ra upgrades fiscal year 2021 credit growth estimates to 6.9%

Improved economic environment in 2H FY21 helped

India Ratings upgrades outlook on banking sector to 'stable' for FY22

The rating agency has upgraded its FY21 credit growth estimates to 6.9 per cent from 1.8 per cent

Additional Budget allocation to wipe out fertiliser subsidy backlog: Ind-Ra

The credit metrics of fertiliser manufacturers in general and urea manufacturers in particular are likely to improve meaningfully in FY22, India Ratings and Research (Ind-Ra) said on Friday