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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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Ind-Ra revises Vedanta's credit outlook to stable from negative


Ind-Ra revises Vedanta s credit outlook to stable from negative
Vedanta, a subsidiary of Vedanta Resources, is one of the world s leading diversified natural resource companies with business operations in India, South Africa, Namibia, and AustraliaPremium
1 min read
. Updated: 17 Feb 2021, 04:30 PM IST PTI
Ind-Ra has revised the outlook for Vedanta to stable from negative and also affirmed the company s long-term issuer rating. The long-term issuer rating of the company is IND AA- . Instruments with rating IND AA carry very low credit risk
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NEW DELHI :
India Ratings and Research (Ind-Ra) has revised the outlook for Vedanta Ltd (VDL) to stable from negative and also affirmed the company s long-term issuer rating. The long-term issuer rating of the company is IND AA- . Instruments with rating IND AA carry very low credit risk. ....

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States' fiscal deficit likely to reach 4.3% of GDP in 2021-22: IndRa


States fiscal deficit likely to reach 4.3% of GDP in 2021-22: IndRa
The agency had earlier forecast FY21 fiscal deficit of states to be at 4.5 per cent but revised it later due to a sharper-than-expected contraction of 6.1 per cent y-o-y in the nominal GDP
PTI | February 16, 2021 | Updated 08:36 IST
The agency estimates the nominal GDP to grow 14.5 per cent in FY22, and believes a gradual pick-up in revenue collections could lead to an improvement in the capital expenditure from FY22
The aggregate fiscal deficit of states is likely to be at 4.3 per cent of the gross domestic product (GDP) in 2021-22 compared to 4.6 per cent in 2020-21, says a report by India Ratings and Research. The rating agency has revised the outlook on state finances to stable for FY22 from stable-to-negative. ....

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