Domestic rating agency India Ratings and Research on Thursday said it has maintained a negative outlook on non-banking financial companies (NBFCs) and housing finance companies (HFCs) for the second half of 2020-21.
While there has been a declining power demand, the coal inventory at thermal power stations across the country has been increasing
On the fiscal front, the rating agency said that a dip in tax or non-tax revenue due to the lockdown or growth slowdown coupled with the need to provide fiscal stimulus will destabilise the fiscal arithmetic of both union and state governments.
Telecom major Vodafone Idea's survival is under serious doubt as the company's ratings have been downgraded by three agencies in the span of just two days. After India Ratings, Brickwork Ratings, Crisil on Thursday downgraded Vodafone Idea's rating on non-convertible debentures of Rs 3,500 crores.
The agency claimed improvement in GDP growth from the current 6.5 per cent to 7.1 per cent will be buoyed by robust consumption demand and low commodity prices.
Domestic rating agency India Ratings and Research today said around 35 per cent of Rs 7.7 lakh crore loans may slip into the NPA category in the next 12-18 months.
Mumbai: The government's move to e-auction most of the 214 coal mines cancelled by the Supreme Court will boost investor confidence due to transparency in the process and reduce fuel availability risks, India Ratings said.The
New Delhi, July 12: India Ratings has maintained a negative outlook on the construction sector for the second half of 2013 due to execution and liquidity challenges faced by the key segment of the economy.The
Mumbai, July 11: India Ratings said on Wednesday that outlook for the auto industry looks negative and it does not envisage upward revision in the forecast in the medium term even if there is modest
Mumbai, Jan 9: Projecting a stable outlook for the domestic auto sector this year, ratings agency India Ratings on Tuesday said it expects a muted growth in both passenger and commercial vehicles segments due to
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