Tag Archives: rating

Morgan Stanley initiates coverage with overweight rating on AU Small Finance Bank

     AU Small Finance Bank share price gained a little over 2 percent after global brokerage firm Morgan Stanley has initiated coverage with overweight rating on the stock. The research house has set a target of Rs 725 per share for the stock, implying 19.3 percent potential upside over Thursday’s closing price. Morgan Stanley expects the non-banking finance company to ... Read More »

Australia’s budget drips with red ink, top credit rating at risk

Australia’s conservative government on Monday forecast a A$10 billion deterioration in its budget deficit over the next four years but still hoped to snatch a surplus by 2021 and forestall a damaging downgrade of its top credit rating. There have been fears the update could trigger a cut in the country’s prized triple-A rating and push up borrowing costs on ... Read More »

BRICS moves to establish bank institute, rating agency

BRICS countries on Friday discussed the efficacy of “establishing” a bank institute and a rating agency of their own following the New Development Bank (NDB) becoming fully operational. BRICS finance ministers and central bank governors met here on the sidelines of the annual Spring meeting of theInternational Monetary Fund and the World Bank, for a discussion chaired by Finance Minister ... Read More »

Infuse more capital in PSBs to avoid rating pressure: Moody’s

Moody’s Ratings Services on Wednesday cautioned that public sector banks (PSBs) could see negative pressure on their credit profiles if the upcoming budget does not front load capital infusion in them. “With the front-ending of recognition and provisioning (for non performing loans), there is a corresponding front-ending of capital requirements. With little chance of the banks accessing the capital markets ... Read More »