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WPI inflation eases to 1.8% in October 2014 benefitting from decline in global commodity prices, favourable base effect and deregulation of diesel prices.        Turnaround in capital goods boosts IIP growth to a higher-than-expected 2.5% in September 2014        Lower food inflation, favourable base effect dampen CPI inflation to series-low 5.5% in October 2014 from 6.5% in Sept 2014        Indian Automobile Industry; Automobile volumes shrink in October 2014        Indian Tyre Industry;Trends and outlook        Tighter Prudential Norms and Focused Supervision: A Credit Positive for NBFCs;November 2014        Indian Commercial Vehicle Industry; Trends & Outlook        Indian Pharmaceuticals Industry; Operating performance continues to be stable        Financial Markets & Banking Update Vol.2: FY2014-15 ; “Repo rate to remain unchanged in current fiscal despite moderation in inflation; comfortable liquidity to dampen other interest rates”        Indian Automotive Dealership Industry: Still in Waiting Period!!!       
 
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WPI inflation eases to 1.8% in October 2014 benefitting from decline in global commodity prices, favourable base effect and deregulation of diesel prices.
Turnaround in capital goods boosts IIP growth to a higher-than-expected 2.5% in September 2014
Indian Automobile Industry; Automobile volumes shrink in October 2014
Lower food inflation, favourable base effect dampen CPI inflation to series-low 5.5% in October 2014 from 6.5% in Sept 2014
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  RATINGS SCALE FOR ISSUERS IN NEPAL

Background

ICRA has set up a joint venture in Nepal to replicate some of its rating businesses there. The company signed a Memorandum of Understanding with Himalayan Infrastructure Fund Limited (HIFL) of Nepal at Kathmandu on Monday. ICRA is holding the majority stake in the joint venture.

ICRA also announced the setting up of a representative office in the Nepalese capital and appointed Deepak Kafle as resident director to oversee its overseas operations there.


Rating Symbols for Issuers / Instruments in Nepal

The rating for issuers / instruments in Nepal is assigned on an eight-point scale developed specifically for that country, and ranges from ‘[Nepal] AAA’ to ‘[Nepal] D’. This rating scale ranks the relative default risk associated with issuers in Nepal.

ICRA Rating symbols for issuers / instruments in Nepal and their implications are as follows

[Nepal] AAA The highest-credit-quality rating relative to other domestic issuers

[Nepal] AA The high-credit-rating quality rating relative to other domestic issuers

[Nepal] A The adequate-credit-quality rating relative to other domestic issuers

[Nepal] BBB The moderate-credit- quality rating relative to other domestic issuers

[Nepal] BB The inadequate-credit-quality rating relative to other domestic issuers

[Nepal] B The risk-prone-credit-quality rating relative to other domestic issuers

[Nepal] C The poor-credit-quality rating relative to other domestic issuers

[Nepal] D The lowest-credit-quality rating relative to other domestic issuers

Note For the rating categories AA through to C, the sign of + (plus) or – ( minus) may be appended to the rating symbols to indicate their relative position within the rating categories concerned. Thus, the rating of AA+ is one notch higher that AA, while AA- is one notch lower than AA.