Crisil says multiplexes to be on losses; may recover only in FY23
NEW DELHI: Localised lockdowns and night curfews amid the newer wave of COVID-19 is set to extract a toll on multiplexes in the country, and companies in this sector will report operating losses for the second consecutive year, a report said on Friday. The sector, arguably one of the worst impacted in the pandemic, can […]
A first for Kerala in 10 years as Crisil upgrades Technopark rating to ‘A’
NEW DELHI: Crisil has upgraded Kerala-based Electronics Technology park–Technopark granting it A/Stable rating. The new rating is based on the latest review by Crisil, a global analytical company providing ratings, research, and risk and policy advisory services, a press release said. This is the first time in 10 years that a Kerala-based Electronics Technology Park […]
Crisil lowers execution forecast for NHAI projects for FY19
NEW DELHI: Ratings agency Crisil said it has lowered its execution forecast for NHAI projects for the ongoing fiscal to 3,600–3,800 km from the earlier anticipated 4,300 km. “We estimate around 800 km of execution is at risk this fiscal because many hybrid annuity model (HAM) projects are still awaiting appointed dates seven months after […]
NBFCs, HFCs maintaining adequate liquidity buffer: Crisil
NEW DELHI: Non-banking financial companies (NBFCs) and housing finance companies (HFCs) are maintaining adequate liquidity buffer to manage any mismatches in their asset-liability maturity (ALM) profiles, rating agency Crisil said on Friday. The business fundamentals of non-banks including growth potential, asset quality and capitalisation, still look solid, the agency said in its report. “The liquidity […]