India Ratings
India pitches for rating upgrade with S&P, cites macro stability
Thu, Aug 30, 2018
Rising oil prices, their impact on government finances and increasing GST collections figured in the discussions between the Finance Ministry officials, led by Economic Affairs Secretary Subhash Chandra Garg, and representatives of the global credit ratings firm.
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Major reforms undertaken; India deserves rating upgrade: Garg
Sun, Apr 29, 2018
In an interview to PTI, Economic Affairs Secretary Subhash Chandra Garg said Fitch's action did not come as a surprise as the rating agency had in discussion earlier indicated its focus on level of government debt even though it had a very favourable view on India's economy.
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Challenges higher for MSMEs while India Inc transits to GST regime; Banks key saviour
Thu, Oct 05, 2017
GST has been launched since July 01, 2017 and revenue collection from this regime have reached to Rs 90,669 crore. However, many industry and exporters face great challenge while transiting towards this regime.
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After ADB, India Ratings revises India's growth projection to 6.7% in FY18
Wed, Sep 27, 2017
IndRa in its research report said that the combined effect of demonetisation and introduction of goods and services tax (GST) is proving to be more disruptive for the economy than was expected earlier.
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Rupee, Credit profile of steel, infrastructure & telecom to impact India Inc in FY18
Thu, Jun 01, 2017
Due to their low in ability of refinancing credit, sectors like telecom, steel and infrastructure will remain under-pressure even in FY18. Rupee appreciation will be another factor that will haunt steel and infrastructure sector.
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Steel sector is likely to remain negative in FY18; demand growth to remain muted at 4-5%: India Ratings
Sun, May 14, 2017
The outlook for steel sector is likely to remain negative in next fiscal due to continued operational and financial challenges and lower demand from the realty sector, says a report.
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India Inc is to cut its reliance on debt to fund dividends
Tue, Apr 18, 2017
India Ratings research report said, “The top dividend paying corporates would pay dividend worth Rs 90,000 crore between FY17-FY18, from which Rs 5,800 crore is expected to be funded by debt – which much lower compared to the average of Rs 9,000 crore seen between FY14 – FY16."
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Demonetisation may lead to lower growth for cement sector, report says
Tue, Feb 28, 2017
Analysts at India Ratings said, “The operating profitability of cement manufacturers in FY18 to be around the FY16 and estimated FY17 levels, due to stable demand growth, despite increase in input costs. Demand will be backed by an increase in government expenditure.”
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Post-demonetisation credit profile of large corporates is likely to be neutral: India Ratings
Thu, Feb 09, 2017
India Ratings and Research has projected that post-demonetisation the credit profile of large corporates with revenue of over Rs 250 crore is likely to be neutral with no significant changes in their ratings.
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Budget 2017: Meeting disinvestment target is key to achieving fiscal deficit goal
Wed, Feb 01, 2017
Jaitley said that the Government plans to raise Rs 72,500 crore through disinvestment. In his Budget speech, FM Arun Jaitely said, “The government plans to raise about Rs 72,500 crore through disinvestment of central public sector enterprises (CPSE) in 2017-18.”
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