E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/26/2023 in the Prospect News Emerging Markets Daily.

S&P ups four Indian issuers

S&P said it raised its ratings on four Indian financial institutions citing its upgrade of its Banking Industry Country Risk Assessment (Bicra) for India to group 5 from group 6.

The agency said it raised Bajaj Finance Ltd. to BBB- from BB+, Hero FinCorp Ltd. to BB+ from BB, Shriram Finance Ltd. to BB from BB- and Union Bank of India to BBB- from BB+.

S&P revised the outlook for Bajaj to stable from positive. The outlook for the other issuers remains stable.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.