4 June 2020 Rationale: The ratings revision reflects the weakening financial profile of Janatha Fish Meal And Oil Products (JFM) characterised by decline in operating income (OI) in FY2020, coupled with low operating profits and increased debt levels also resulting… Read More ›
RATINGS
LM: Moody’s downgrades SBI, HDFC Bank amid bleak outlook for Indian banks
2 June 2020: A day after downgrading the country’s sovereign rating to the lowest level, US-headquartered research and rating agency Moody’s Investor Service, on Tuesday, downgraded both the country’s largest private sector lender HDFC Bank Ltd and the state-owned State… Read More ›
TOI: Moody’s downgrades India’s rating to ‘Baa3
1 June 2020: Moody’s Investors Service on Monday downgraded India’s sovereign rating to ‘Baa3’ from ‘Baa2’, saying there will be challenges in implementation of policies to mitigate risks of a sustained period of low growth and deteriorating fiscal position. “Moody’s… Read More ›
ICRA: Mantra Buildcrafts LLP: Moved to Non Cooperating category, Rating downgraded based on best available information
1 June 2020: The rating assigned to the Mantra Group entities remained constrained in the past due to high external debt, moderate cash flow cover and sizeable reliance on new sales. The rating downgrade factors in ICRA’s expectation of moderation… Read More ›
Moody’s downgrades India Infoline Finance Limited to B1 from Ba3; ratings remain under review for downgrade
29 May 2020: Moody’s Investors Service has downgraded the corporate family rating and senior secured debt rating of India Infoline Finance Limited to B1 from Ba3. Moody’s has also downgraded the senior secured program rating of India Infoline Finance to… Read More ›
