BBB

Fitch affirms rating on Adani Transmission’s restricted group notes at ‘BBB-‘; outlook stable

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Fitch affirms rating on Adani Transmission’s restricted group notes at ‘BBB-‘; outlook stable

Fitch Ratings has affirmed “BBB-” rating on the $400 million senior secured notes issued by the restricted group of Adani Transmission Limited (ATL RG1), with a stable outlook. “ATL RG1’s credit assessment is not directly affected by the alleged malpractices at India’s Adani group highlighted in Hindenburg Research’s report due to the ringfenced nature of … Read more

ICICI Bank Q2 preview: Multifold jump in profit likely; NIM may fall marginally

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ICICI Bank Q2 preview: Multifold jump in profit likely; NIM may fall marginally

NEW DELHI: ICICI Bank is expected to report a multi-fold rise in net profit for the September quarter, even as net interest income (NII) for the private lender may see a marginal dip on year-on-year basis. Updates on incremental Covid-related provisions, collection efficiency, BB and below-rated book and restructuring would be keenly followed, analysts said. … Read more