ICRA
All the eyes are on the current budget as after a few years of slow economic growth and poor GDP, the industries and the general public is looking at the maiden budget of the Modi led government with a lot of expectations. The finance companies and analysts are speculating that the infrastructure sector is expecting a [...] Continue Reading »
According to an ICRA study, in 2013-14 while the number of downgrades exceeded upgrades for the third consecutive year, with 602 downgrades and 559 upgrades, overall, 3.3 per cent companies moved to the default category as against 4.5 per cent in 2012-13. ICRA said ,“During the last fiscal while both the number and severity of [...] Continue Reading »
According to a report, in the third quarter of the current fiscal, Investment cycle in the construction sector is likely to improve if a stable government comes to power at the Centre after the general elections. Credit rating agency ICRABSE mentioned in its report that until September, though there were expectations of facing execution challenges [...] Continue Reading »
Of the cases approved in FY13 and first half of FY14, companies in the construction or infrastructure sectors form the highest proportion of Corporate Debt Restructuring, according to rating agency ICRA. Indian construction sector is in a tight spot due to delay in environmental clearances, high land acquisition costs and increased due diligence by lenders. [...] Continue Reading »
“We have seen interests from both global as well as domestic investor that is why there is a huge potential for investment in the infrastructure projects. Although we have seen a downfall recently but the market will be in pace in the coming months, “said by IL&FS Financial Services Managing Director and Chief Executive Officer [...] Continue Reading »
Rating agency ICRA recently said that some stress might be seen in the asset quality of housing finance companies (HFCs) in the current fiscal, ending March 31. This is due to their push on riskier segments like lending against property and to self-employed people. The total housing credit outstanding as of December 2013 is being [...] Continue Reading »
A change in the ownership of Care Ratings is imminent in the few days, with private equity players Carlyle and Barings making a bid to take over IDBI and other institutions’ 45 per cent stake on Saturday. On Saturday the auction for IDBI and other financial institutions’ stake in Care Ratings was closed. As confirmed [...] Continue Reading »
Reliance’s Trichy-Dindigul and Trichy-Karur infrastructure projects assigned negative outlook by ICRA Reliance Infrastructure has suffered a setback. ICRA, which is a credit ratings agency, has assigned a negative outlook to long term fund-based limits of its two road projects – Trichy-Dindigul and Trichy-Karur. The projects are located in South India. Negative outlook to Trichy-Dindigul is [...] Continue Reading »
Despite the downfall in affordability, the Indian home loan market is expected to grow by 17-19 percent in the current fiscal year, according to credit rating agency IRCA. Lower home loan rates, attractive schemes, etc. fuel the home loan market growth in 2012-2013, said IRCA. Because of the high cost of properties in India, tough operating [...] Continue Reading »
