The stable outlook reflects Moody’s view that a benign operating environment will help to sustain its improving performance such that debt/Ebitda leverage trends below 4x over the next 12 months, indicating levels supportive of a Ba2 CFR.
CAMS has a dominant position in India’s registrar and transfer agent (RTA) market duopoly, which reduces risks of market share movements.
“The affirmation of OIL’s Baa3 issuer rating reflects our expectation of the high likelihood of extraordinary support from the Indian government that results in a one-notch uplift from OIL's ba1 BCA," said Sweta Patodia, a Moody's analyst.
In late March 2020, there was a notable prediction by Ramanan Laxminarayan, director of Centre for Disease Dynamics, Economics and Policy, on India’s ongoing Covid-19 pandemic. He forecast that India faced a best-case scenario of about 200 million citizens being infected, if precautionary measures were adopted, with a high case ...
The DMK definitely seems to have an edge over the AIADMK in Madurai but the battle between the biggies is turning tough as newer players are playing party-poopers.For G Kannan, who owns a tea shop, and L Magesh who works at a clothes store along the West Masi Street in ...