Latest News on Rating Downgrade
Showing of 0 - 10 from 12 results
Rating Downgrade - Total results - 12
Oct 07, 2019
Edelweiss Financial Services shares plummet 9% to hit 52-week low on rating downgradeShares of Edelweiss Financial Services Ltd (EFSL) on Monday declined over nine percent following a downgrade of its long-term debt instruments amid concerns over operating environment for NBFCs
Sep 23, 2019
Reliance Capital shares tumble over 11% after CARE Ratings downgrades company's long-term debt programShares of Reliance Capital on Monday dropped over 11 percent after CARE Ratings downgraded the company's long-term debt program
Jul 24, 2019
Credit rating agency ICRA downgrades long-term rating of Yes Bank; outlook remains negativeYes Bank’s ability to reduce its BB and below rated exposures through resolution and prevent a further increase in the same, as well as its ability to improve its CET-I capital cushion, were highlighted as key rating sensitivities among others.
Jun 06, 2019
Shares of DHFL tank nearly 16% as Icra, Crisil downgrade rating of company's Rs 850 cr worth of commercial paperShares of Dewan Housing Finance Corporation plummeted nearly 16 percent on Thursday as domestic rating agencies Icra and Crisil downgraded rating on Rs 850 crore worth of commercial paper of DHFL
May 21, 2018
Moody's downgrades Punjab National Bank on the impact of Nirav Modi fraudInternational rating agency Moody's on Monday said it has downgraded state-run Punjab National Bank's (PNB) rating to Ba1/NP from Baa3/P-3, due to impact on the lender's profitability following Nirav Modi-fraud case
May 29, 2017
Fitch downgrades IDBI Bank's rating to BB+ citing poor asset quality; keeps outlook stableLast week Moody's had downgraded the bank's ratings to Ba2 from Baa3
Dec 12, 2013
S&P rating alert: Hung parliament can trigger a downgradeIndia's sovereign rating may come under pressure if general elections due by May next year end up with a hung parliament or with a government unable to push through reforms, Standard & Poor's said on Wednesday.
Oct 03, 2013
Slowing economy may force Chidambaram to wield budget knifeThe finance minister may have to slice at least Rs 20000 crore from government spending to prevent a budget blow-out, which could threaten to send the country's credit rating into "junk" status, two ministry officials said.
Sep 13, 2013
Govt taking reform measures, India won't be dowgraded: Rangarajan"The rating agencies have been talking about the reforms having been put on the back burner. But that is no longer true. Many important legislations were passed (recently) ... Therefore, I would think the rating agencies have no case for any downgrading," he said in reply to a query after release of the 'Economic Outlook 2013-14' report.
Sep 03, 2013
Only big-bang diesel hike can save India from a downgradeAny under-recovery leads to a higher expenditure for the central government and thus a higher fiscal deficit. A higher fiscal deficit needs to be controlled by increasing the price of diesel.