Banking & Financials Newsletter – July 10 to 14, 2017

India Infoline News Service | Mumbai | July 15, 2017 10:00 IST

This week, “PNB Housing Finance announced that it has received revises credit rating for its bank facilities from CRISIL.”

Top Story
 
PNB Housing receives revised rating from CRISIL
 
The company in its regulatory filing said that the term loan has been revised from CRISIL AA+/Negative to CRISIL AA+/Stable, the company's Non-Convertible Debentures has been revised to CRISIL AA+/Stable from CRISIL AA+/Negative. Read More
 
S&P Global places Shriram Transport's rating under Credit Watch
 
S&P Global puts the Shriram Transport Finance Company’s (STFC) rating on a Credit Watch after the announcement of the IDFC and Shriram Group of companies merger. Read More
 
Banks to issue new capital, debt instruments of USD 23 bn: Fitch
 
Leading rating agency, Fitch Ratings is expecting the Indian Banks to issue fresh loss-absorbing capital and debt instruments worth USD 23 billion by the end of 2018. Fitch Ratings is also expecting all the other banks in the Asia-Pacific region to issue such instruments summing up to USD 200 billion. Read More

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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