Rating companies post more upgrades for India Inc as credit quality improves
Mumbai: Most ratings firms continued to see an improvement in the credit ratio, or the proportion of upgrades to downgrades, indicating an improvement in Indian firms’ credit quality. But they warn of some concerns like rise in unsecured lending and household debt, and stress in export oriented sectors. Also, several global risk factors are at…
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Vedanta shares gain 2% after long-term ratings upgrade from ICRA
Shares of the metal major Vedanta on Thursday rose 2% on the BSE, reaching an intraday high of Rs 469.40, following an announcement that the company received a long-term rating upgrade from ICRA on the expectation of improvement in the company’s credit metrics. The rating for its ‘Longterm/S term βUnallocated limits’ instrument was upgraded to…
READ MOREproperty prices: Housing sales across Indiaβs top 7 cities expected to witness double digit growth in FY25
MUMBAI: The residential sales across Indiaβs top seven cities are expected to witness double digit growth in 2024-25. The area sold in Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Hyderabad, Pune, Kolkata, Chennai is likely to increase 10-12% to 785-800 million sq ft in the current financial year, on a high base of…
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