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Tuesday, April 13, 2021

Credit Ratings

Private consumption to pick up in next few quarters: Moody’s

New Delhi, March 18 (IANS) Private consumption as well as non-residential investment are expected to materially pick up over the next few quarters, Moody's Analytics said on Thursday. This will strengthen the domestic demand revival in 2021, it said in...

Credit ratio nears 1 as rating upgrades pick up speed: Crisil

New Delhi, March 8 (IANS) A sprightly recovery in demand has spawned guarded optimism about the credit quality of India Inc, and led to CRISIL's credit ratio (upgrades to downgrades) inching closer to 1 between October and February this...

India’s banks’ recovery faces asset-quality risks: Fitch Ratings

Mumbai, Mar 8 (IANS): The impact of the Covid-19 pandemic is likely to pose challenges to the Indian banks' improving financial performance once asset-quality risks manifest in the financial year ending March 2022 (FY22), says Fitch Ratings. According to Fitch, India's...

‘Improved economic environment to boost FY21 credit growth’

New Delhi, Feb 27 (IANS): Improved economic environment in 2HFY21 and the Centre's focus on higher spending especially on infrastructure will give a boost to FY21 credit growth, India Ratings and Research (Ind-Ra) said. The agency's February 2021 edition of its...

Moody’s expects India’s fiscal position to remain weak

New Delhi, Feb 25 (IANS) Moody's Investors Service says that India's (Baa3 negative) weak fiscal position will remain a key credit challenge in 2021. According to Moody's, the prospects for fiscal consolidation remain weak particularly given the government's mixed track...

India markets upgraded, China downgraded: Credit Suisse

New Delhi, Feb 16 (IANS) Credit Suisse has upgraded India and Australia from Market Weight to Overweight while downgrading China and Thailand stock markets. "The upgrades reflect our expectation that economic and earnings recoveries are just starting their most rapid...

Moody’s changes India’s power sector outlook from negative to stable

New Delhi, Feb 8 (IANS) Moody's Investors Service has changed India's power sector outlook from negative to stable on generation growth. Accordingly, on February 6, India's Central Electricity Authority reported a 3.1 per cent year-on-year growth for the country's power...

Fitch may downgrade India to junk rating: Nomura

New Delhi, Feb 3 (IANS) Global rating agencies may view Indias fiscally expansive Budget proposals "negatively" and there is a risk of one of them downgrading India's sovereign rating, as per Nomura. The Japanese brokerage said that Fitch Ratings, one...

Economic Survey FY21 slams ‘biased’ sovereign credit ratings

New Delhi, Jan 29 (IANS): Coming down hard on sovereign credit ratings, the Economic Survey 2020-21 said that the ratings do not reflect the fundamentals of the Indian economy. Describing the sovereign credit ratings as "noisy, opaque and biased", the document...

Indian insurers to withstand pandemic-led downturn: Moody’s

New Delhi, Jan 20 (IANS) Indian insurance companies are likely to withstand the economic downturn exacerbated by the coronavirus pandemic, with general insurance premium growth in positive territory, Moody’s Investors Service report has said. The report said that general insurance premium growth has...

Latest News

Traffic congestion in Mumbai, Bengaluru nosedives in 2nd Covid wave

New Delhi, April 12 (IANS) The traffic congestion index for major cities in some of the hardest-hit states -...