SEBI Fines Three Credit Rating Agencies For IL&FS Debt Rating

Stock market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs 25 lakh on each of three leading credit rating agencies for their failure to carry out proper due diligence when assigning credit ratings to the troubled Infrastructure & Leasing Finance Services (IL & FS).

304 companies suffered increase losses in FY19: ICRA

Corporates report plunging revenue growth, lower margins in Q4 FY19: ICRA The fourth quarter (January to March 2019) financial results released by 304 companies in the corporate sector show a sequential drop in revenue growth to 10.7 per cent from…

Yes Bank’s long-term ratings downgraded

India Ratings downgrades Yes Bank’s long-term ratings India Ratings has downgraded Yes Bank’s long-term issuer rating from ‘IND AA plus’ to ‘IND AA minus’ with a negative outlook. On May 4, rating agency ICRA had downgraded the bank’s tier-I bond from ‘AA-minus‘ to ‘A‘ and tier-II bonds…

M&A deals in hospital sector jump by 155 pc in FY 19: ICRA

M&A deals in hospital sector jump by 155 pc in FY 19: ICRA The total value of merger and acquisition (M&A) transactions in the hospital sector totalled Rs 7,615 crore in 2018-19 as against Rs 2,991 crore done in the…

ICRA downgrades Yes Bank’s bonds

ICRA downgrades Yes Bank’s bonds as quality of large borrowers slides Private lender Yes Bank said on Saturday that rating agency ICRA has downgraded its tier-I and tier-II bonds and infrastructure debt following deterioration in the credit quality of large…

ICRA downgrades Reliance Capital to A4

ICRA downgrades Reliance Capital to A4 with negative implications Rating agency ICRA has revised its ratings for Anil Ambani-led Reliance Capital and its subsidiaries from A2 to A4 with negative implications. “The ratings continue to be on watch with negative…

Impact of safety ratings on your FDs

Impact of safety ratings on your Fixed Deposits According to a survey conducted by SEBI, more than 95 per cent of Indian households held savings in the form of bank fixed deposits in 2015. The credit for this goes to…

Reliance Capital downgraded to A2 rating by ICRA

ICRA downgrades Reliance Capital to A2 rating ICRA Limited has revised its rating for Anil Ambani-led Reliance Capital and its subsidiaries to A2 with negative implications for its short-term debt programme. The action is primarily due to refinancing risk of…

ICRA: Indian Telecom Industry Must Migrate from Copper to Dense Fiber Optic Networks

Telecom industry needs to fiberise networks: ICRA With over a billion mobile phone customers and an explosion of mobile data consumption over the past two years, the Indian telecom industry needs to migrate from traditional copper-based networks to dense optic…

Bajaj Finance fixed deposits have been accredited with MAAA rating from ICRA

Bajaj Finance fixed deposit have MAAA (stable) rating from ICRA ICRA, a credit rating agency, offers ratings to fixed deposits of companies that can help guide investors in making the right decisions when it comes to investing money in FDs.…