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No more Moodys or S&P 500 or Fitch. Not even CRISIL or ICRA. Only CARE. Nothing less than AAA is acceptable for the way in which economy is being managed. #AtmaNirbharBharat
ICRA Credit Rating for Rs. 60.00 crore Line of Credit of Cantabil Retail India Limited #CantabilRetail #CreditRating #ICRA
Ramkrishna Forgings: ICRA revises short-term credit rating to A2+ from A1 due to slowdown in domestic M&HCV industry and an anticipated weak outlook in the export market. #MOMarketUpdates
Financial Express Ø Natural Rubber output rises 9.4% to 7.12 Lakh Tonne in last fiscal✅ Ø Sugar mills’ Working Capital Requirements to go up: ICRA Ø Make-in-India push: BSNL to refloat revised 4G Tender✅
ICRA - Disclosures Under Regulation 31(4) Of The Securities And Exchange Board Of India (Substantial Acquisition Of Shares And Takeovers) #Part1
Financial Express Ø NTPC keen to buy Reliance Infra’s Delhi Discoms ✅ Ø CREDAI seeks RBI intervention in passing on Repo Rate cut benefits to NBFCs, HFCs✅ Ø ICRA expects muted participation in Spectrum Auction, sees Industry Debt Rising
Icra | Domestic rating agency Icra on May 20 warned of a deep recession as it predicted that the Indian economy will witness a contraction of 5 percent in FY21, citing the very modest fiscal support, extension of the nationwide lockdown and looming labour shortage.
ICRA - Disclosures Under Regulation 30(1) And (2) Of The Securities And Exchange Board Of India (Substantial Acquisition Of Shares #Part1
Astec Lifesciences: ICRA reaffirmed its long-term rating at AA- and short-term rating at A1+.
More negatives: Zero risk appetite by banks to lend. GST compensation by centre to states Rs 410,000 crore (ICRA estimate) for FY 2020-21. Even though RBI has been doing all it can to keep bond yields lower, is the recent fall in Indian G-Sec yields likely to sustain? I doubt.
ICRA reaffirms ratings of Astec LifeSciences Limited #AstecLifeSciences #CreditRating #ICRA
ICRA revises rating of Nahar Industrial Enterprises Ltd #NaharIndustrialEnterprises #Rating #ICRA