Brickwork Ratings

The settlement order was issued by the Securities and Exchange Board of India (SEBI) on December 4.

Brickwork Ratings: SEBI's U-turn on CRA’s licence cancellation is a constructive approach 

This episode shows that the regulator is not shy of taking strict actions against errant intermediaries, but is willing to work together to improve processes.

Sebi reverses licence cancellation of Brickworks Ratings, but tells it to comply with rules

Sebi has also issued directions to Brickwork Ratings to implement for past delays in complying with regulatory mandates on September 13.

SAT quashes SEBI order cancelling Brickwork Ratings' licence

The Securities and Exchange Board of India (SEBI) had cancelled the licence of the rating agency in October in a case of alleged violation of laws applicable for rating agencies.

Brickwork Ratings, employees may be in for a legal battle with SEBI, say experts

A legal battle may last years. Meanwhile, employees are likely to face a temporary setback and job losses

Banking Central | SEBI sends a strong message to rating industry with Brickwork ban

Rating agencies are the guardians of trust for many investors in financial markets. The Brickwork episode shows not all is well.

Brickwork Ratings says planning legal action against Sebi’s winding up order

On October 6, Sebi issued a winding up order against rater citing multiple lapses in its operations

SEBI’s axe on Brickwork should keep rating companies in line

The regulator’s unprecedented action of shutting down Brickwork suggests sharper oversight and may help the debt market trust rating companies a little more than before.

One’s loss, another’s gain: ICRA, Care Ratings rise after SEBI’s action on Brickwork

Analysts believe with Brickwork Ratings out of the picture, other credit rating agencies stand to gain more business, albeit marginally

GDP likely to grow at 10-10.5% in FY2022: Report

Many economic growth indicators are suggesting a faster-than-expected revival in economic activities, Brickwork Ratings said.

SEBI slaps Rs 1 crore fine on Brickwork Ratings for lapses in assigning credit ratings to Essel Group companies' NCDs

According to SEBI, in spite of various negative signals, Brickwork Ratings did not act timely to seek information and waited for receipt of information leading to delay in recognising default.

Fiscal deficit to touch 7% in FY21, says Brickwork Ratings as tax collection hit by lockdown

On the other hand, there is a sharp increase in expenditure (by 13.1 percent) due to additional spending incurred to save lives and livelihoods and to provide stimulus under the 'Aatmanirbhar Bharat' programme.

Brickwork Ratings lowers outlook for Future Retail's proposed NCDs to negative

The rating agency has also reaffirmed rating for the company's proposed commercial paper (CP) at BWR A1+.

Rating agencies downgrade various loan facilities of DHFL

Brickwork has downgraded Rs 12,000-crore fixed deposits to FAA+ from FAAA.

Brickwork assigns stable outlook to Tata Chemical Rs 250cr NCD

Brickwork Ratings has removed its 'under watch' rating on Tata Chemicals' Rs 250 crore non- convertible debentures and assigned rating with stable outlook, a development that comes days after TCS chief N Chandrasekaran was named new Executive Chairman of Tata Sons.

Mistry-Tata row: Brickwork Ratings downgrades Tata Steel

Citing "heightened management risk" following the ouster of Cyrus Mistry as Chairman of Tata Sons, Brickwork Ratings has revised outlook of Tata Steel to negative while as revised the ratings of its NCDs worth Rs 6,500 crore.

Brickwork Offers Complimentary Seminars on Public Finances

Brickwork Ratings, a wholly Indian credit rating agency, released the fourth edition of State Finances Handbook 2015 recently in The LaLiT, New ...

'States on reform path, need to generate more revenue'

Most states are on reform path but they need to consolidate their fiscal position and generate more non-tax revenues, says a report.

Systemic credit quality still strained: Icra

"The rating actions when seen in conjunction with the volume of debt upgraded or downgraded, suggest that systemic credit quality is still under strain," the agency said in its half-yearly report summarising rating actions.

Jaypee Infratech plans to raise Rs 500 cr via NCD issue

A Noida based an infrastructure development company, Jaypee Infratech has planned to raise Rs 500 crores via its NCD issue.

Canara Bank invests in Brickwork Ratings

Canara Bank, a Nationalized Bank with total business of over Rs. 600,000 crore, has invested in Brickwork Ratings, a Bengaluru based Credit Rating Agency. Canara Bank has picked up ten percent stake in Brickwork Ratings.

Brickwork assigns 'BWR A' rating to Peninsula`s NCD issue

Brickwork Ratings has assigned the rating of ‘BWR A' with a stable outlook for the proposed NCD Issue of Peninsula Land (PLL) of Rs 200 Crores. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Brickwork revises Tulip Telecom` NCD issue rating to BWR C

Brickwork Ratings (BWR) has revised the rating of Tulip Telecom's Rs 125 Crore Non-Convertible Debenture issue to BWR C from BWR BB- rating. Instruments with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.

Brickwork revises Tulip Telecom`s NCD issue rating to 'BB-'

Brickwork Ratings (BWR) has revised the rating of Tulip Telecom‘s Rs 125 Crore Non-Convertible Debenture issue to BWR BB- from BWR BBB rating and continues the Ratings Watch with Negative Implications. Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.

Brickwork reaffirms 'AAA' rating to UBI`s bond, IPDI issues

Brickwork Ratings has reaffirmed the rating of "BWR AAA" with a stable outlook for the ratings of Union Bank of India. The rating stands for an instrument that is considered to have the Highest degree of safety regarding timely serving of financial obligations. Such instruments carry lowest credit risk.