MNCs Lift Citi Bottom Line
Citibank India, a banker to 30% of Indian MNCs, does well on most parameters, including profitability.
credit rating industry
July 2024
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November 2021
The Brief: Debt Trap Awaits The Young
With youngsters latching on to the consumption bandwagon, their finances are increasingly under pressure.
Govt unlikely to achieve 4.5% fiscal deficit target by FY26: Moody's
Budget 2023 is credit positive for renewable energy companies, cement and steel producers, oil marketing companies and automakers, says Moody's.
No immediate impact on credit ratings of Adani group firms: Fitch
The agency says it will be looking at any major changes to Adani group entities’ access to financing or cost of financing on a long-term basis.
Debt burden will continue to rise in India: Moody's
Elevated commodity prices will keep spending on food and fuel subsidies high for economies like India, says Moody's Investors Service.
SEBI orders Brickwork Ratings to shut shop in six months
The market regulator says the credit rating agency shall not take any new clients and intimate its existing clients about closure of its operations.
India Inc's credit quality strong in first half of FY23
Instances of rating upgrades by ICRA were over three times that of downgrades in H1 FY23
Lodha's Macrotech Developers share trades 117% above IPO price; up 4% today
The stock of the realty company has gained 125% over the past one year and traded 117% above its IPO issue price of ₹486 per share.
Fitch, Moody’s downgrade Russia to junk status as sanctions rise
Moody's lowered Russia's credit rating by six notches to ‘B3’ from ‘Baa3’, while Fitch downgraded to 'B' from 'BBB' amid rising macro-financial stability risks in wake of international sanctions.
Electricity, raw material demand indicate recovery: Sitharaman
India to be one of the fastest-growing economies, will facilitate as much needed, says finance minister Nirmala Sitharaman.
