A 10 percent spike in crude prices can result in a 0.40 percent widening of the CAD, which can consequently play out into a 3-4 percent depreciation in the rupee and also push up inflation by 0.24 percent, the rating agency said.
The other countries from which India imports iron ore and its shares are South Africa (19 percent), Brazil (15 percent) and Bahrain (5 percent).
Brickwork has downgraded Rs 12,000-crore fixed deposits to FAA+ from FAAA.
Overall development in the housing sector is expected to be led by southern region.
Centrum is bullish on CARE Ratings has recommended buy rating on the stock with a target price of Rs 1550 in its research report dated November 05, 2018.
SEBI is also planning to bring a framework on compensation for rating agencies to ensure that there is a disincentive for them to assign aggressive ratings
"CARE has reaffirmed stable outlook credit rating of A- (Single A minus) to Jindal Power which operates the 3400 MW OP Jindal Super Thermal Power Plant at Tamnar, Chhattisgarh," JSPL said in a statement on Friday.
The upgrade factors in the overall improvement in the financial risk profile of SEFL, marked by "significant growth in disbursements in the fiscal 2017-18, improvement in profitability, collection efficiency and asset quality indicators," the company said in a release.
"We also believe that with the newer capacities of urea plants being added and old defunct ones revived, India could not only achieve its aim of eliminating urea imports but could possibly also become an exporter in the future by 2030," the report said.
The bond issuances along with commercial paper (CP) has increased substantially in the first half as the credit offtake to the industry sector has been low in the banking system, Rajesh Mokashi, MD & CEO, CARE Ratings.
Such a scenario calls for "proactive measures" from government and the recent infrastructure building efforts will help, it noted and said "employment growth has not kept pace with economic growth."
"The government's announcement of the Rs 2.11 lakh crore recapitalisation plan for public sector banks (PSBs) comes as a concrete and timely move...and is a credit positive step," Care Ratings said in a statement.
Edelweiss is bullish on CARE Ratings has recommended buy rating on the stock with a target price of Rs 1722 in its research report dated October 04, 2017.
The NPA ratio of 38 banks increased to 10.21 percent in June 2017 from 8.42 percent in June 2016, which is the highest in the last six quarters, according to a data report compiled by Care Ratings.
Around $10,110 mn were poured in the debt segment in Q1FY18 compared with outflows of $611 mn in the corresponding period last year.
CRISIL said it bought the stake from Canara Bank Ltd . The investment comes as corporate bond issuance done through private placements jumped 42.9 percent to 7 trillion rupees in the year ended in March from the previous year.
Rating agency CRISIL has purchased 26,22,430 equity shares of CARE Ratings (representing 8.9 percent of its equity share capital).
CARE Ratings stake sale was just a normal exercise of monetising non-core assets, said Suresh Pail of Canara Bank.
In an interview to CNBC-TV18, Revati Kasture, Senior Director at CARE Ratings spoke about Reliance Communication's loan downgrades.
If fundamentals of credit offtake increases, bond market borrowings increase then that translates into more business for rating agencies, said Rajesh Mokashi, MD & CEO, CARE Ratings.
In December quarter, revenues of nine telecom operator declines by 1.1 percent, according to CARE Ratings. The operating margin for the industry stood at 28.43 percent.
Although a rating system for real estate exists in India, this system has not evolved and is also prone to criticism, vis-Ã -vis its objectivity. Analysts maintain that real estate ratings, have to evolve beyond R
In a panel discussion on CNBC-TV18, Pronab Sen, Former Chief Statistician of India said that formal sector data is used as a proxy to estimate the informal sector data, hence even though the informal sector was hit harder due to demonetisation the numbers don't seem to reflect it.
India‘s Economic performance in 2016-17, in the backdrop of significant developments and disturbances in the global and domestic economic environment has moderated as highlighted in the Economic Survey.
The private placement of secured redeemable non-convertible debentures (NCDs) for a total amount of Rs 1,025 crore including green shoe option, will open on January 30, the company said in a statement. The issue will close on January 31.