Credit Ratings

Credit Ratings News

DHFL's resolution plans hit roadblock; bondholders take debt-laden shadow lender to bankruptcy court
Business

DHFL's resolution plans hit roadblock; bondholders take debt-laden shadow lender to bankruptcy court

DHFL said the company is undergoing substantial financial stress since the second half of the previous financial year.

Shares in ICRA fall after CEO Naresh Takkar sent on leave amid regulatory concerns
Business

Shares in ICRA fall after CEO Naresh Takkar sent on leave amid regulatory concerns

ICRA said in May it had appointed external experts to probe the anonymous complaint concerning the credit rating it assigned to one of its customers

Amid liquidity woes, DHFL curbs premature withdrawals, stops accepting fresh deposits; shares down 9.85%
Business

Amid liquidity woes, DHFL curbs premature withdrawals, stops accepting fresh deposits; shares down 9.85%

Cash-starved Dewan Housing Finance Corporation Ltd (DHFL) has decided to restrict premature withdrawal of deposits and stop accepting fresh deposits as part of reorganising its "liability management" efforts, sources said

Bharti Airtel may face rating downgrade in 6-12 months if intense competition decreases its margins, says Moody's
Business

Bharti Airtel may face rating downgrade in 6-12 months if intense competition decreases its margins, says Moody's

Telecom major Bharti Airtel may face a rating downgrade in next 6-12 months if intense competition remains in the market and decreases its margins

Indian banks run risk of skipping coupon payments says Fitch Ratings
Business

Indian banks run risk of skipping coupon payments says Fitch Ratings

According to Fitch, some Indian banks are at risk of skipping on obligations despite the pressure easing measures by the Reserve Bank of India (RBI), additional capital infusions into government owned banks.

Govt says Rs 500 cr Credit Enhancement Fund may be operational by Dec
Business

Govt says Rs 500 cr Credit Enhancement Fund may be operational by Dec

The government is considering roping in 2-3 banks, including SBI and PNB for the fund

Budget 2014: PM Modi faces scrutiny from markets, credit agencies
Politics

Budget 2014: PM Modi faces scrutiny from markets, credit agencies

PM Narendra Modi is under pressure to perform after a budget packed with ambitious targets met mild scepticism from investors and credit-rating agencies.