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Ind-Ra revises construction sector outlook to 'improving' for FY22


Ind-Ra revises construction sector outlook to ‘improving’ for FY22
March 10, 2021
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India Ratings and Research (Ind-Ra) has revised the construction sector outlook to improving for FY22 from negative for FY21 and revised the rating Outlook on its rated construction companies to Stable for FY22 from Negative.
This is based on the likely recovery trajectory of engineering, procurement and construction (EPC) players, post registering two consecutive years of revenue decline.
For the purpose of this report, Ind-Ra has considered its rated peers excluding Larsen & Toubro Ltd (IND AAA/Stable) due to its large scale which would otherwise have skewed the report analysis. ....

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Ind-Ra revises banking sector outlook for FY22 to Stable - The Hindu BusinessLine


February 22, 2021
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Credit rating agency estimates GNPA at 8.8% in FY21 (FY22: 10.1%); stressed assets at 10.9% (11.7%)
India Ratings and Research on Monday said it has revised its outlook on the overall banking sector to stable for 2021-22 from negative.
“This is because substantial systemic measures have reduced the system-wide Covid-19 linked stress below the expected levels. Banks have also strengthened their financials by raising capital and building provision buffers,” it said in a statement.
The agency has revised the outlook for public sector banks to stable in 2021-22 from negative.
“The regulatory changes led to an improvement in public sector banks’ ability to raise AT-1 capital, a high provision cover on legacy non performing assets, overall systemic support resulting in lower-than-expected Covid-19 stress, and minimal surprises arising out of amalgamation of PSBs,” it said. ....

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