Crisil downgrades Vodafone Idea debt due to “pricing pressure”

Ratings agency CRISIL has downgraded certain debt securities of Vodafone Idea Ltd by one notch, quoting conditions in the Indian telecom market. It downgraded Rs 6,000 cr worth of non-convertible debentures issued by Vodafone from AA- to A+. The highest rating in the scheme is AAA+, and the current revision represents a lowering of the […]

Modi’s reforms drag, power plants to face low loads, study

India’s energy sector is facing low capacity utilisation in power generation as plant load factor is estimated to remain low at around 62 per cent until 2018-19, noted a recent ASSOCHAM-Crisil joint study. The study also expressed concern over the slow pace of reform implementation in certain areas. The study noted that India had made […]

Infosys appoints CRISIL CEO as independent director

Infosys has appointed Roopa Kudva, CEO of ratings and analytics company CRISIL, as an Independent Member of its Board of Directors. Kudva has “led CRISIL’s evolution from India’s leading credit rating agency to a diversified analytical company with clients ranging from the largest investment banks of the world to tens of thousands of small firms […]

Coal block de-allocation could hit some power projects, metal cos – Crisil

The deallocation of coal blocks by the Supreme Court will hit metal players harder than most power players, Crisil Research said in a report. Power costs in West Bengal and Punjab could rise, it added. It said power generation companies will be able to pass through increased costs, but not metal companies. Coal is used […]