'

Tag: non-banking finance companies

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 […]

author
Higher corporate bond yields are pushing issuers to postpone debt sales to the next quarter
Stock Market

Higher corporate bond yields are pushing issuers to postpone debt sales to the next quarter

Higher yields in the corporate bond market and the cancellation of four planned issuances within three weeks have led some issuers to postpone large-dollar fundraising until next quarter, investment bankers and investors say. Companies including Micro Units Development and Refinance Agency (MUDRA), Indian Bank and ONGC Petro have postponed debt sales worth 150 billion rupees […]

author