Rating agency
The companies want to bring some momentum in the market and after the prices of real estate have shown a positive trend, many big corporations have sold off their land assets to pay off their debts and monetise their existing projects. Rating agency Crisil stated that this move is likely to continue and India Inc. [...] Continue Reading »
The statement issued by the company informs that Mumbai International Airport Private Ltd s (MAIL) project bank loan facilities has been upgraded to ‘IND A-’ from ‘IND BBB+ As per the report, the rated banks loans are INR42.31bn long-term loans, INR2.5bn fund-based limits (increased from INR1bn) and INR4.15bn non-fund-based limits (increased from INR3.55bn). The rating agency has [...] 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 »
