credit

Reliance Infra upgrade: Infra major credit rating raised 3 notches by Ind-Ra; big move after debt clean-up

by

India Ratings and Research (Ind-Ra) has upgraded Reliance Infrastructure’s credit rating by three notches — from ‘IND D’ to ‘IND B / Stable / IND A4’ — on its non-fund based working capital limits, citing the company’s successful deleveraging to net zero debt and improved debt servicing record.The upgrade marks a significant improvement in the … Read more

Easing financing conditions may boost NBFCs’ credit prospects: FM Nirmala Sitharaman

by

Nirmala Sitharaman (File photo) NEW DELHI: Easing of financing conditions is expected to help improve credit prospects for the NBFC sector, according to finance minister Nirmala Sitharaman. Recent regulatory measures, such as the restoration of risk weights on bank lending and easing of financial conditions, are anticipated to further enhance credit prospects, thereby strengthening the … Read more