India's economic growth rate may contract 16-20% in Q1, says ICRA
This would mean contraction of 1-2 per cent for the entire FY21 against its earlier projections of -1 to 1 per cent, ICRA principal economist Aditi Nayar said.05-05-2020
05-05-2020
Power demand to fall by 1% in FY21: ICRA
According to the agency, electricity consumption from high tariff paying industrial and commercial consumers has significantly declined due to the lockdown.29-04-2020
Not many opting for loan moratorium, say banks
328 companies have opted for facility, says ICRA; SME segment keen to avail benefits29-04-2020
ICRA LTD. - 532835 - Certificate Pursuant To Regulation 40(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Certificate pursuant to regulation 40(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201529-04-2020
ICRA LTD. - 532835 - Format of Initial Disclosure to be made by an entity identified as a Large Corporate
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompayICRA LTD. 2CINL74999DL1991PLC042749 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 0.00 4Highest Credit Rating during the previous FY NA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: S. Shakeb Rahman Designation: Company Secretary & Compliance Officer EmailId: sshakebr@icraindia.com Name of the Chief Financial Officer: Vipul Agarwal Designation: Interim Chief Operating Officer and Group Chief Financial Officer EmailId: vipul.agarwal@icraindia.com Date: 28/04/2020 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.28-04-2020
Covid-19 pandemic puts further pressure on India Inc's credit quality: ICRA
Says reviewing portfolio of ratings28-04-2020
ICRA LTD. - 532835 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, Regarding Registration Status As A Credit Rating Agency
Disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding registration status as a credit rating agency21-04-2020
Credit growth of housing finance companies to be lower at 9-12% in FY21: ICRA
The credit growth of housing finance companies (HFCs) is likely to be lower at 9 to 12 per cent in FY21, vis-a-vis last three years' compounded annual20-04-2020
Govt increases loss coverage for micro loan defaults to 75% from 50% earlier
It will incentivise lending institutions to give credit as their losses from defaults on loans will be protected to the extent of 75%, said Anil Gupta, head of financial sector ratings at ICRA. The CGFMU scheme, announced in April 2016, covers micro loans up to Rs 10 lakh extended under the Pradhan Mantri Mudra Yojana.17-04-2020
Zuari Agro Chemicals share price up 5% on ICRA ratings upgrade
The rating agency also upgraded rating on short term non-fund based limits and short term unallocated limits to A4 from D.16-04-2020