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Tag: Indian financial news

Moody’s confirms Shriram Finance’s Ba1 rating, outlook revised to positive following MUFG Bank’s investment
Stock Market

Moody’s confirms Shriram Finance’s Ba1 rating, outlook revised to positive following MUFG Bank’s investment

Moody’s Ratings has affirmed Shriram Finance Limited’s (SFL) Ba1 long-term rating (CFR) and revised its outlook to positive from stable. The rating action follows SFL’s announcement of a planned strategic investment by MUFG Bank.According to Moody’s, the outlook revision reflects expectations that SFL’s business and financial profile will strengthen in the coming quarters. This is […]

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SP Group unit expects completion of sale of two-year mega bonds by the end of January: bankers
Stock Market

SP Group unit expects completion of sale of two-year mega bonds by the end of January: bankers

India’s Goswami Infratech, part of the Shapoorji Pallonji Group (SP Group), will complete a bond issue before the end of January to refinance existing loans, three bankers aware of the matter said on Thursday. The real estate and civil engineering company is preparing to raise about 250 billion rupees ($2.84 billion) through a two-year zero-coupon […]

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