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Media

Parsvnath Rail Land Project Pvt Ltd - Credit Rating

Parsvnath Rail Land Project Pvt Ltd has informed BSE that the credit rating of the Company has been reaffirmed by Brickwork Ratings at BWR B (Reaffirmation) (Credit Watch with Positive Implications) (Reaffirmation) vide Rating Rational dated June 29, 2018.

IFCI gets revision in credit ratings

IFCI announced that Brickwork Ratings, has revised the ratings of debt instruments of IFCI as under - Long Term Debt Instruments from 'BWR A+' to 'BWR A-', and Secured NCDs from 'BWR AA+ (SO)' to 'BWR AA- (SO)', The outlook for Long Term Debt Instruments has been revised from 'Negative' to 'Stable' while maintaining 'Stable' outlook for Secured NCDs.

Patanjali Ayurved eyes Rs10bn from debut bond sale

Brickwork Ratings has assigned a AA rating with stable outlook to the Indian consumer goods company's proposed notes, which are expected to carry a coupon of 8.3%.

DHFL NCD to open on May 22, offers up to 9.10%

Dewan Housing Finance, one of India’s leading private sector housing finance companies registered with National Housing Bank (NHB), proposes to open on May 22, 2018, a public issue of up to 12 crore secured redeemable non-convertible debentures (“NCD”) of face value of Rs 1,000 each, for an amount of Rs 3,000 crore with an option to retain oversubscription of up to Rs 9,000 crore aggregating up to Rs 12,000 crore.

DHFL plans to raise up to Rs 15,000 crore via bonds

Dewan Housing Finance is set to launch this year's largest retail bond sale, raising up to Rs 15,000 crore for funding home loans as the demand for affordable apartments surges in the world’s fastest-expanding major economy.

India's banking sector is gasping for air after a spate of scandals

Credit rating agency Brickwork Ratings announced last month that six Indian banks have received downgraded ratings due to drastic reductions in non-interest incomes. The news comes at a time of turmoil for the Indian banking sector, which has been the subject of several scandals over the past few months, including the evergrowing issue of Non-Performing Assets (NPAs) and bad loans.

Brickwork Ratings downgrade Bank of India, Union Bank of India and four others

The cases being referred to the National Company Law Tribunal under the Insolvency & Bankruptcy Code are taking more time to resolve and some of the high profile cases are attracting multiple litigations, delaying the debt resolution exercise.

Cox & Kings gets reaffirmation in credit ratings

Cox & Kings announced that CARE and Brickwork Ratings have reaffirmed and enhanced the commercial paper issue from Rs 1397 crore to Rs 2022 crore.

Bangalore Is Abuzz Over the Results of the KWHS Investment Competition Region 2 Finale

The KWHS Investment Competition Region 2 Finale was underway – and the 12 finalist teams from India, Singapore and the United Arab Emirates were eager to deliver their 10-minute investment-strategy presentations to a panel of five expert judges in hopes of scoring the prize as top investment analysts.

Amrut: city gets BB+ rating

Corporation heavily depended on government grants, says agency. A moderate risk of default in timely repayment of loans has resulted in Kozhikode city getting a credit rating of BB+ for the implementation of Atal Mission for Rejuvenation and Urban Transformation (Amrut) projects for the period 2015-2020.

Financial Express: Diamond biz lackes glitter

 'Trust' alone can't be the basis for lage exposures. Banks should have the access to the funding trail all along and should be well secured.

A stationery maker allegedly erased $572 million from Indian banks

In 2011, when a wave of anti-corruption sentiment engulfed India, Kanpur-based Rotomac Global signed on Bollywood personality Salman Khan for a campaign for its pens—and against corruption: Haath uthao, magar likhne ke liye (Raise your hand, but only to write).

Recapitalisation: Bankers, credit rating agencies upbeat

Vivek Kulkarni, Founder Managing Director, Brickwork Ratings, said: “This step also takes care of excess liquidity banks are facing currently on account of last year’s demonetisation. Banks can cleverly invest these funds in the recap bonds which will ultimately be routed back as equity in the system. This step will also ensure that the bond market will not be impacted by such a large issuance for private sector issuers.”

Brickwork Ratings Chief Economic Advisor, Dr. M Govinda Rao, Delivers Interactive Session on "Indian Economy: Changing Global Economic Environment"

Brickwork Ratings is pleased to announce that the interactive session on “Indian Economy: Changing Global Economic Environment” was very well received. The session was delivered by Dr. M Govinda Rao, Chief Economic Advisor of Brickwork Ratings at the Trident, Nariman Point, Mumbai on 10 th Feb 2017. The interactive session’s focus was on the domestic and international situation, the initiatives in the budget, impact of GST and to explore the policy measures needed to take the economy to higher growth trajectory.

Brickwork Ratings (BWR) Updates its Issuer Rating Scale

Brickwork Ratings has updated the Issuer Rating Scale on 24th January 2017. A press release to this effect is issued with the updated scale and the earlier scale for reference.

Expert: Think differently for better creditworthiness - By D Ravishankar, Founder Director, Brickwork Ratings

"Ability and willingness to pay and timely payment are the key aspects of credit rating. For enhancing credit worthiness, it is important to use cutting edge technology and think differently.”, said D Ravishankar, Founder Director of Brickwork Ratings, speaking on ‘Enhancing creditworthiness through credit rating’ organized by VIA Economy and Finance Forum.

Ratings will help build smart cities

Credit rating will help urban local bodies raise fund for improving infrastructure and services, says Brickwork Ratings. Schemes such a Smart City Mission, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) an Heritage City Development and Augmentation Yogana (HRIDAY) have brought back the focus on urban local bodies. Credit rating will help these cities mobilise resources to provide the much neeeded infrastructure and services to the burgeoning urban population, says Vivek Kulkarni, IAS (Retd), Founder Managing Director, Brickwork Ratings.

Tips to improve firm's credit rating for funding - By D Ravishankar, Founder Director, Brickwork Ratings

CREDIT ratings are opinions on the creditworthiness or the relative degree of risk of timely payment of interest and principal on a debt instrument. To enhance creditworthiness, the borrower should be able to appreciate the views of the credit rating agency and lender/investor. The borrower should also strive to strengthen the business model, outperform the peers, raise the level of management standards, and improve the long-term financial health of the company.

Placement Reporting Services

Brickwork (BWR) is pleased to introduce Brickwork Placement Reporting Services (BPRS) for B-schools and Engineering institutions. Vivek Kulkarni, IAS (retd.), Managing Director, Brickwork Ratings said: “Adoption of IPRS enhances the credibility of the Bschool, enabling aspirants to make informed choices and institutions to attract talent. BWR hopes that many more management institutions will come forward to disclose placement data with increased transparency”.

Nearly Rs. 5 Lakh Crores of Outstanding Debt in Indian Market have been Rated by BWR’ Says Vivek Kulkarni, IAS (Retd), Founder MD of Brickwork Ratings

Brickwork Ratings has rated nearly 10,000 companies across different size and industries. At present, nearly Rs. 5 lakh crores of outstanding debt in Indian market have been rated by BWR. It is challenging for CRAs, as they have to be on their toes to meet the expectations of investors / lenders. Despite competition among CRAs for market share, they need to be fair and objective in assigning the ratings, and not be influenced by commercial considerations.

Fintech will dominate the way we transact in the future. - by Vivek Kulkarni, IAS (Retd) Founder of Brickwork Ratings

The advent of spread sheets, Big Data analytics and high speed internet has helped create a number of FinTech players. These are new generation firms created by big technology companies as well as bright engineers with the backing of venture money. While traditional banks and stock exchanges dominate the initial adaptation of technology, the FinTech firms are riding the new tech wave adroitly. They seem to be winning over traditional players.