credit rating

PNB Housing: PNB Housing to start growing corporate business book sometime in H2: MD

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Girish Kousgi, MD & CEO, PNB Housing, says “the corporate book is 3% of the entire portfolio and in absolute terms, it is about Rs 2050 crore. We plan to start corporate business sometime during this year, maybe in H2. We will slowly start growing the book as well. Last March, the NPA was 3.83%. … Read more

FPIs infuse over Rs 13,300 crore in equities in April so far amidst bullish economic outlook

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Foreign investors have infused over Rs 13,300 crore in Indian equities in the first two weeks of the month owing to a resilient domestic economy with promising growth prospects. Going ahead, concerns over changes in India-Mauritius tax treaty will weigh on Foreign Portfolio Investor (FPI) inflows in the near-term till clarity emerges on details of … Read more

Peak rates boost US demand for riskier form of corporate debt

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The U.S. market for one of the riskiest types of corporate debt is resurging this year, as companies cater to investor demand for assets that can lock in high yields for several years ahead of an expected decline in interest rates. Holders of these bonds, called junior subordinated debt, are among the last to be … Read more

Paramount Global Put On “Credit Watch Negative” By Ratings Agency S&P

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Paramount Global has been put on “credit watch negative” by ratings agency S&P Global due to discouraging trends in its cash flow. S&P last December had warned about tough sledding for Paramount in 2024. A senior agency executive said the company “has to show us a path” to profitability in streaming in order to see … Read more

Movie Theater Circuit Cinemark’s Credit Rating Upped By S&P Due To End Of Strikes; Outlook Is “Stable” Despite Soft Box Office

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Movie theater circuit Cinemark‘s credit rating has been raised by S&P Global, a small sign of optimism that exhibitors can weather the impact of Hollywood strikes and pandemic-altered moviegoing habits. The agency said it raised its ratings on the Plano, TX-based company’s secured and unsecured debt to ‘BB+’ and ‘BB-‘, respectively, from ‘BB’ and ‘B+. … Read more

RBI: Cut risk weight to help SMEs, banks tell RBI

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Mumbai: Small businesses, caught between late payments and stressful paperwork, will see borrowing costs dip if the Reserve Bank of India (RBI) accepts a suggestion by high-street banks. Banks have asked the regulator to consider lowering the ‘risk weight’ on loans to unrated small and medium enterprises. An overwhelming number of small businesses do not … Read more

Paramount Will Have Big Bills Coming Due In 2024, S&P Global Analyst Warns – Deadline

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Paramount Global will start 2024 with some big bills to pay and questions swirling about its creditworthiness, in the view of a veteran S&P Global analyst. Naveen Sarma, S&P’s Senior Director and Sector Lead for the U.S. Media and Telecom Sectors, was one of four analysts from the firm taking part in a panel discussion … Read more