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ACUITE RATINGS
Senior citizen FD interest rate hike: This NBFC is now offering up to 7.75% interest rate to senior citizensBajaj Finance has boosted interest rates on its 31-60 month fixed deposits to 7.40%, with senior citizens now earning up to 7.75%. These re...- Century Joint Developments raises Rs 750 cr from Ares Management at 21% IRRCentury Joint Developments secured ₹750 crore through privately placed NCDs issued to Ares Management, offering a 21% IRR. The funds will r...
- Sadbhav Engineering seeks debt restructuring; interim debt at two SPVsThe company's chief executive officer appeared before the tribunal, stating that a restructuring package had been proposed to all financial...
- Edelweiss fund to provide Rs 350 cr debt to Adarsh Developers entityEdelweiss Special Opportunities Fund has extended a Rs 350 crore debt facility to Bengaluru's Shreshta Infra Projects. The funding will aid...
- Microfinance lenders need to raise fresh capital in FY25According to Acuite Ratings & Research, pure-play microfinance lenders in India will need to raise fresh capital in FY25 to sustain their g...
- India's GDP to grow 7 per cent in FY23, 6 per cent in FY24: Acuite RatingsThe credit rating agency, however, projected the country's economic growth trajectory in FY24 to slow down to 6 per cent. As per Acuite Rat...
- RBI notifies revised list of accredited credit rating agenciesOn a review, banks are advised to use the ratings of the following domestic credit rating agencies for risk weighting their claims for capi...
- Rating upgrades reveal India Inc in better financial healthThe industry credit ratio, a gauge for financial health measured as a proportion of upgrades vis-a-vis downgrades, surged 172 basis points ...
- Rate of rating upgrades surpasses pre-Covid levels on growth pickupThe CR was at 0.63 in the corresponding period last year. This gauge is even better than the first six months of the fiscal year 2020, whic...
- Acuite Ratings joins hands with United Nations for ESG in a firstIt will act as a signatory to PRI’s “ESG in Credit Risk and Ratings Statement”. Fitch, Moody’s, S&P Global, Kroll Bond are among others, wh...
- Edelweiss' Rs 400 crore public NCD oversubscribedRetail category oversubscribed by 1.74 times and almost 50 per cent of the total issue size got subscribed for 5-year and 10-year tenure, a...
- Covid 2.0 unleashes credit stress on MFIs, small NBFCsA report by Acuite Ratings said that collection efficiencies which were seen recovering above 90 per cent in Mar-21 have dropped to between...
- Rating companies form umbrella organisation in a firstThis is the first time that such a self-regulatory body has been formed for rating agencies, like the ones for the mutual fund industry, bo...
- Acuite to form arm to rate companies on ESG criteriaOut of India’s ₹27.12 lakh crore assets under management, about 7% are now in ESG-compliant funds.
- Srei ratings cut to 'default', legal battle aheadCare Ratings cut the rank to D for a combination of bank loans and debt securities worth Rs 11,828 crore availed by Srei Infra Finance and ...
- India can reduce $8.4 billion imports from China over fiscal FY22: Acuite RatingsIndia's imports from China totalled $65.1 billion in fiscal 2020 and exports at $16.6 billion.
- COVID-19: Acuite Ratings pitches for Rs 11.2 lakh crore stimulus package to revive economyAcuite Ratings pitched for the Reserve Bank to play a pivotal role in this aspect by financing the deficit which the government will be inc...
- Lockdown: Large retail-focused NBFCs facing cash flow difficulties; debt servicing a challengeDue to the ongoing lockdown, the primary cash flows of the NBFCs have been disrupted as their collections have come to a standstill, accord...
- Auto sector's contribution to GDP may slip to 7% this fiscal: Acuite RatingsIn the second quarter (July-September) of this fiscal itself, the ratings firm expects OEM revenues to drop by 23-25% to Rs 0.6 trillion as...
- Kerala deluge may shave off 2.2% of state GDP, push up fiscal deficit to 5.4%According to an initial estimate by rating agency Acuit Ratings (earlier Smera Ratings), the flood has shaved off at least 2.2 per cent or ...
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