Page 8 - India Ratings

Market Ahead, June 10: Top factors that could guide markets today

The SGX Nifty is indicating an open at around 10,100 mark for the broader index

RBI repo cuts not effective any longer? They seem to have lost their sting

In 12 months, bond yields are down 100 bps, against 200-bps cut in repo

E-way bills in May treble from April levels; Still behind pre-March levels

This indicates that GST revenue for May, but collected in June, could recover after reporting a close to 85% shortfall in April vis-a-vis last year

Collapse of commercial papers volume puts debt schemes at risk: Ind-Ra

Generally, the daily volume is Rs 10-15,000 crore in CPs in the secondary market

States' aggregate fiscal deficit to rise to 4.5% of GSDP in FY21: Ind-Ra

The agency's earlier forecast was 3%; it says state governments were already facing a lower-than-budgeted share in central taxes and subdued own revenue growth, when the 21-day lockdown was imposed

Rs 90K cr package to provide only temporary relief to discoms: Ind-Ra

Finance Nirmala Sitharaman earlier this month announced Rs 90,000 crore liquidity infusion for discoms, saying that they owe Rs 94,000 crore to power generation companies

Market Ahead, May 22: Top factors that could guide markets today

A total of 25 companies including Alembic Pharmaceuticals, IDFC First Bank, and UPL, are scheduled to announce their March quarter earnings later in the day

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion, says India Ratings

Credit costs could touch Rs 2.7 trillion

Ind-Ra rates Mahindra & Mahindra NCDs 'AAA' with stable outlook

M&M has a diversified business profile with presence across farm equipment, auto and automotive components, defence, information technology, hospitality, steel trading, infrastructure and aerospace

Coronavirus lockdown to delay realty projects, affect sales, says Anarock

India Ratings and Research said on Wednesday that the lockdown imposed by state governments would hit infrastructure construction in the big cities

Moratorium on YES Bank could impact most corporates briefly: India-Ratings

Corporate groups with a large dependency on the bank could face a longer period of disruption.

Covid-19 outbreak could raise downside risk for steel sector: India Ratings

Plant capacity utilisation in India not directly impacted yet, says agency

Around Rs 10.52-trn corporate debt may default over 3 years: India Ratings

Empirically, about 25 per cent of the vulnerable debt is likely to turn delinquent - resulting in additional Rs 2.54 trillion of delinquent debt

India Ratings lowers domestic steel sector outlook for FY21 to negative

High iron ore premiums for new mine owners could alter costs for steel mills

India Ratings revises outlook for construction sector to negative for FY21

The outlook revision follows significant risks emerging from the exposure of certain construction companies to the state governments of Andhra Pradesh, Telangana, Tamil Nadu

India Ratings downgrades Yes Bank issuer rating from 'A' to 'A-'

This is the third downgrade of the private sector lender by Ind-Ra in last one year - which could adversely impact the bank's franchise and potentially create challenges on asset and liability side.

India Ratings pegs Centre's fiscal deficit at 3.6% of GDP ahead of Budget

In its outlook for FY21, it projected the deficit to be 3.4 per cent in the next year against 3 per cent given in the papers presented under the Fiscal Responsibility and Budget Management (FRBM) Ac

GDP to grow by 5.5% in FY21 but downside risks persists: India Ratings

The government has announced a slew of measures recently to prop-up the economy, but Ind-Ra believes they will come to aid only in the medium term

India Ratings estimates fiscal deficit of states to touch 3% of GDP

This fiscal slippage will originate from a decline in tax revenue, a lower nominal GDP and higher expenditure, it said

India Ratings downgrades Macrotech Developers debt from "BBB-" to "BB"

Timely creation of liquidity backup for the upcoming debt maturities in 2HFY20 and FY21 amid the funding challenges being faced by the sector remains the key rating monitorable