Credit Ratings

Mumbai, Dec 10 (IANS) Indian asset-backed securities (ABS) performance risks will remain elevated over the next 12 months, as weak economic conditions will continue to hurt borrowers’ ability to repay loans, Moody’s Investors Service said in a new report...

New Delhi, Nov 19 (IANS) As the economy recovers from the lows of pandemic-induced lockdown, the year-on-year contraction in India's GDP is expected to narrow appreciably to (-) 9.5 per cent in Q2FY21 from (-) 23.9 per cent in...

New Delhi, Nov 19 (IANS) Moody's Investor Service on Thursday revised the contraction rate of India's FY21 GDP to (-) 10.6 per cent from an earlier estimate of (-) 11.5 per cent. The revision comes days after the Centre announced...

New Delhi, Oct 19 (IANS) Leading digital financial services platform Paytm on Monday said it will partner with various card issuers to introduce co-branded credit cards and is aiming to issue 20 lakh cards in the next 12-18 months. The...

New Delhi, Oct 5 (IANS) Overall credit growth continues to remain muted amid weak credit demand and heightened risk aversion among banks, as per a report by the Finance Ministry. Credit to medium enterprises, however, has witnessed an uptick, according...

New Delhi, Sep 25 (IANS) Global ratings agency S&P affirmed India's unsolicited foreign and local currency sovereign ratings with a stable long-term outlook. Consequently, the ratings were affirmed the 'BBB-' long-term and 'A-3' short -term unsolicited foreign and local currency...

New Delhi, Sep 11 (IANS) Moody’s Investor Service on Friday enhanced the contraction rate of India’s FY21 GDP to (-)11.5 per cent from an earlier estimate of (-)4 per cent. The revision comes days after India reported a massive 23.9 per...

Chennai, Sep 11 (IANS) The ongoing coronavirus pandemic has also affected Asset Reconstruction Companies (ARC) as they are expected to face disruptions in their recoveries from non-performing assets received from banks, credit rating agency ICRA Ltd said. In a statement...

New Delhi (IANS) Global credit rating agency Fitch on Tuesday slashed its FY-21 GDP growth forecast for India further downward to (-) 10.5 per cent from (-) 5 per cent. "We expect the shortfall of activity relative to our pre-virus...

New Delhi, Sep 8 (IANS) Ratings agency India Ratings and Research (Ind-Ra) on Tuesday revised its FY21 GDP growth forecast further downward to negative 11.8 per cent from a negative 5.3 per cent. According to Ind-Ra, the quantum of negative...