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Several hospitals and health systems had their financial ratings downgraded by Moody's S&P Global due and Fitch Ratings due to operating losses, declining investment values and challenging work environments.
Rating of Tata Power got upgraded by Moody’s Investors Service, attributing to the strong financial stability and future cash flow and support from parent company Tata Sons , , tata power, moodys investors service, stock market, rating downgrade, nifty, sensex, trading, investment
UBS, a brokerage firm downgraded the ratings of Cummins India which led the fall of around 3 per cent in the stocks on Thursday, , stock market, nifty, sensex, trading, investment, rating downgrade, cummins india, losses, stock prices
Moody's rationale for these actions is attributed to Vedanta Resources' lack of meaningful progress in addressing its upcoming debt maturities through refinancing.
In a report issued on 18 August, Care Ratings said the rating downgrade has been due to “disassociation with Cyrus Poonawalla Group post the sale of 99% stake in the HFC (housing finance company) to private equity player TPG’s affiliate Perseus.”