Oct 18, 2016 at 11:35 | Source:
Credit Suisse has downgraded Gujarat Pipavav Port to underperform and also slashed target price to Rs 155 per share from Rs 195, citing lacklustre container trade data in Q2 and increase in risks to business.
Oct 10, 2016 at 19:08 | Source: PTI
This makes the ratio of upgrades to downgrades, or the credit ratio, at a weak 0.9, a against 1.94 a year ago, or 460 upgrades against 237 downgrades, suggesting improvement in credit quality is still some time away.
Oct 05, 2016 at 09:10 | Source:
Citi maintains buy on Hindustan Zinc and Hindalco. It has upgraded Vedanta and Cairn India to buy from neutral. It has downgraded Nalco to neutral from buy and neutral on Tata Steel. It has a sell call on Jindal Stainless and SAIL.
Oct 04, 2016 at 14:02 | Source: PTI
"Nine of the 20 top emerging market sovereigns -- those with the largest absolute amount of sovereign debt outstanding -- have negative outlooks, indicating a possible downgrade over the next two years, against just two positive outlooks," S&P's Global Chief Rating Officer Moritz Kraemer said.
Oct 03, 2016 at 18:48 | Source: PTI
There has been a sharp decline inthe quantum of downgraded debt in the first half of thecurrent fiscal year thanks to the relief the metals sector gotfrom the government, says ratings agency Crisil.
Sep 30, 2016 at 18:04 | Source: PTI
"The rating downgrade reflects the continued growth in Gail's cyclical business segments, which have a much higher business risk than its core gas transmission business," Moody's Senior Analyst Abhishek Tyagi said in a note.
Sep 30, 2016 at 09:43 | Source: Reuters
Friday's unflattering figures bookmarked a week in which the IMF warned it would likely downgrade forecasts for the US economy, and the World Trade Organization slashed its outlook for global trade flows.
Sep 23, 2016 at 08:46 | Source:
Morgan Stanley downgraded ACC and Ambuja to underweight and says JK Lakshmi is a preferred midcap play. It says UltraTech is top pick in the sector and turned overweight from underweight on Shree Cement.
Sep 19, 2016 at 13:21 | Source:
Goldman has downgraded Indraprastha Gas to sell from neutral. Following its recent rally, the brokerage house says it sees risk reward as unattractive due to demanding valuations.
Sep 19, 2016 at 12:48 | Source:
Credit Suisse has downgraded Cadila Healthcare to neutral as the stock is already factoring in clearance of the Moraiya facility and any delay could impact high recovery assumed in FY18. It has cut multiple for the US generic business as it expects further impact to generics from more channel consolidation.
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