Apr 29, 2016 at 20:08 | Source: PTI
The credit rating reflects ability of a company to repay debt. The Baa rating granted by Moody's indicates obligation on a firm are judged to be medium-grade and subject to moderate credit risk and as such may possess certain speculative characteristics.
Apr 26, 2016 at 11:24 | Source: PTI
High corporate leverage poses systemic risks if adverse growth and financial conditions pressure borrowers' repayment capacity, Moody's said, adding that the capital infusion by the government in PSU banks is likely to be larger than budgeted.
Apr 25, 2016 at 10:00 | Source: Moneycontrol.com
Credit Suisse has initiated coverage on TVS Motor with an underperform rating. The brokerage firm has a target of Rs 260 per share, indicating 20 percent downside. It believes that street expectations of a 300 basis points margin improvement over the next two years are unlikely to be met.
Apr 19, 2016 at 09:17 | Source: Moneycontrol.com
Eveready Industries India Ltd has informed BSE that the Credit Analysis & Research Ltd, has upgraded the Companys Long Term Bank Facilities in respect of Term Loan from ICICI Bank from CARE A to CARE A+.
Apr 18, 2016 at 15:12 | Source: PTI
The planned sale of Tata Steel's long product Europe business to Greybull Capital LLP will help lower cash burn and will be credit positive, Ind-Ra said in a statement.
Apr 18, 2016 at 13:46 | Source: PTI
In its report titled 'Indian government-owned companies' credit quality will deteriorate in the long run', S&P Ratings Services said increasing capital spending may have its short-term benefits, but may not be desirable over the long term.
Apr 17, 2016 at 14:24 | Source: PTI
Besides, Sebi is also considering asking the Credit Rating Agencies (CRAs) to hive off their activities involving rating of instruments other than securities, as they do not fall under Sebi's jurisdiction, a senior official said.
Apr 15, 2016 at 08:56 | Source: PTI
"Downgrades, although having moderated from the highs of 2013-14, saw a small increase in 2015-16," the domestic rating agency said in a report here, but was quick to add that overall credit metrics improved in the just concluded fiscal.
Apr 13, 2016 at 19:26 | Source: PTI
Dinanath Dubhashi has been in the industry for a quarter of a century with experience across multiple domains such as corporate banking, cash management, credit ratings, retail and rural lending.
Apr 12, 2016 at 20:32 | Source: PTI
Tata Steel UK Ltd's signing of anagreement to sell its European long products business toUK-based investment firm Greybull Capital is credit positivefor its parent, Tata Steel, Moody's Investor Service saidtoday.