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Credit rating agency
Credit rating agency means a body corporate which is engaged in, or proposes to be engaged in, the business of rating of securities offered by way of public or rights issue.
SEBI’s norm for issuers of municipal bonds
On 12 Nov, the Securities and Exchange Board of India (Sebi) prescribed wider disclosures and compliances norms by the issuers of listed municipal bonds. As per the SEBI norms, listed entities should submit half-yearly unaudited financial results to the stock exchanges within 45 days of the end of the first half of the year and ..
Topics: Bond • Credit rating agency • Finance • Government • Municipal bond • Qualified institutional placement • Securities and Exchange Board of India • Security • Stock Market
What is behind RIL plans to become a zero-net debt company?
The Reliance Industries group, currently lead by Mukesh Ambani is one of the largest companies in India. This gargantuan conglomerate, which has wide-ranging interests in the hydrocarbon sector to the telecommunications space and the retail market, is looking to reduce its debt. The debt of Reliance Industries While Reliance Industries has been a very cash ..
Topics: BSE SENSEX • CNX Nifty • Companies • Credit rating agency • Economy of India • Gujarati people • India • Jio • Mukesh Ambani • Reliance • Reliance Industries Limited
Fitch Ratings cut India’s GDP growth forecast for FY20 from 7.0% to 6.8%
In its latest Global Economic Outlook (GEO), Fitch Ratings has recently cut India’s economic growth forecast for the financial year FY20 starting April 1, to 6.8% from its previous estimate of 7%, on weaker than expected momentum in the economy. According to Fitch, the RBI has adopted a more dovish monetary policy stance and cut ..
Topics: Credit rating agency
India’s economic growth to accelerate to 7.3% in current financial year FY19: Fitch
In its second-quarter Sovereign Credit Overview for Asia Pacific region, Credit rating agency Fitch has said that India’s economic growth will accelerate to 7.3% in the current financial year FY19 and 7.5% in the next fiscal. The growth rate will accelerate as money supply has recovered to its pre-demonetisation level and disruptions related to the ..
Topics: Credit rating • Credit rating agency • Goods and services tax
India displaying delayed effects of anti-inflation policies: Fitch
According to Global rating agency Fitch, India, China and Korea — three most powerful emerging Asian economies — are exhibiting delayed effects of tight monetary policies introduced in 2010-11 to tackle inflation. According to Fitch: Slow upgrading in financial position of countries including India and China has come in the way of positive credit rating ..
Month: Current Affairs - July, 2012
Topics: Credit rating agency • Inflation