Mumbai (Maharashtra) [India], June 12 (ANI): India Ratings and Research (Ind-Ra) has assigned JSW Shipping and Logistics Pvt Ltd (JSLPL) a long-term issuer rating of A-plus with stable outlook.
Mumbai (Maharashtra) [India], June 5 (ANI): Negative demand created by the work-from-home culture along with reduction in fresh leasing activities due to a weaker economy can easily shave 40 per cent off annual demand over the next few years, according to India Ratings and Research (Ind-Ra).
Steel prices improve but may face headwinds: Ind-Ra ANI | Updated: May 29, 2021 17:51 IST
Mumbai (Maharashtra) [India], May 29 (ANI): Domestic steel consumption is likely to be low over 1Q FY22 quarter-on-quarter due to the second Covid wave but not at the low levels witnessed over 1Q FY21 when there was a complete shutdown of activities, according to India Ratings and Research (Ind-Ra).
However, Ind-Ra said the strong international prices and export demand will enable steel producers to increase export levels, although high freight and shipping costs and container availability could be the areas of concern.
India s finished steel consumption in April stood at 6.78 million tonnes, down 23 per cent month-on-month but still 8x year-on-year higher.
Mumbai (Maharashtra) [India], May 26 (ANI): India Ratings and Research (Ind-Ra) has said the second Covid wave will have a material impact on vehicle financers' asset quality as borrowers are grappling with reduced capacity utilisation and increased operating costs.
Sequential challenging year stares at microfinance sector: Ind-Ra ANI | Updated: May 24, 2021 15:22 IST
Mumbai (Maharashtra) [India], May 24 (ANI): India Ratings and Research (Ind-Ra) said on Monday that collections for microfinance institutions (MFIs) and small finance banks (SFBs) are estimated to have declined 3 to 5 per cent in April and additional 5 to 7 per cent in first fortnight of May on a month-on-month basis.
The agency expects the overall microfinance sector to witness a shortfall of 10 to 15 per cent in collections on a consolidated basis this month. The variation among MFIs can be wider, depending on their level of concentration in regions where lifting of Covid lockdown restrictions is slow.