Jan 19, 2017 at 17:20 | Source: PTI
"According to Care Ratings, the uncertainties relating to the disposal/restructuring of TSL's (Tata Steel Ltd) UK business has triggered a revision of Tata Steel's credit rating. The rating has been downgraded by 1 notch," Tata Steel said in BSE filing.
Jan 11, 2017 at 10:31 | Source: CNBC-TV18
Ajay Kapur of Bank of America Merrill Lynch remains underweight on India, a view he has had since December 2015 although he acknowledges the recent drop in Risk-Love there.
Jan 06, 2017 at 15:16 | Source: Moneycontrol.com
Bank of America Merrill Lynch has downgraded Idea Cellular to underperform from neutral as it expects sustained weakness in company's revenues led by slowing revenue growth and negative operational leverage. The stock fell nearly 3 percent intraday Friday.
Jan 06, 2017 at 09:23 | Source: Moneycontrol.com
Bank of America Merrill Lynch downgraded Idea to underperform from neutral with target at Rs 69 per share. It expects sustained weakness in revenue led by slowing revenue growth as near-term earnings to be hit by demonetisation.
Jan 03, 2017 at 15:24 | Source: Moneycontrol.com
Morgan Stanley has downgraded LIC Housing Finance to equal-weight from overweight, citing weak and uncertain revenue outlook driven by unexpected lending rate cuts by banks. It expects near-term pressure on the stock, but on a one-year view, it does not expect downside, as the stock trades at 1.9x FY18 book value.
Jan 03, 2017 at 08:10 | Source: Moneycontrol.com
Morgan Stanley has downgraded LIC Housing to equal-weight from overweight with target cut to Rs 560 from Rs 700 per share. It says meaningful cut by banks raised risk of higher prepayments pressure for housing finance companies.
Dec 22, 2016 at 14:38 | Source: PTI
Moody's Investors Service todaysaid that Reliance Communications' ratings will "remain onreview for downgrade" despite the company signing an agreementwith Canada-based Brookfield Infrastructure to sell its towerassets.
Dec 20, 2016 at 20:42 | Source: PTI
Fitch Ratings today said it hasdowngraded credit rating of Reliance Communications as itfeels that ongoing joint venture plan of the company withAircel and proposal to sell stake in its mobile tower arm willbe negative for creditors.
Dec 20, 2016 at 15:50 | Source: CNBC-TV18
Markets are possibly in the wait-and-watch mode following demonetisation and a resultant earnings downgrade, says Dilip Bhat of Prabhudas Lilladher.
Dec 14, 2016 at 12:19 | Source: CNBC-TV18
Remonetisation replacing the currency which has been drained out is likely to take another couple of months but the corporate sector is better placed to take the hit from the note ban, Shyam Sundar Bhat of Exide Life Insurance told CNBC-TV18.