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Indian Banking Sector; RBI Framework for Dealing with Domestic Systemically Important Banks (D-SIBs) to Increase Banks’ Capital Requirement Further        Indian Spinning Industry; Stable with possible downside risk emanating from recent policy changes in China        Indian Gold Jewellery Retail Industry; Recent notification on inclusion of erstwhile saving schemes under the definition of deposits forces jewellers to re-jig their schemes and funding mix; smaller players likely to witness temporary liquidity strain        Indian Cement Sector; Demand recovery in sight; however, profitability continues to remain under pressure due to cost headwinds        Power Sector: Limited tariff hikes so far by SERCs for FY 2014-15, coupled with rising subsidy dependence for the sector as a whole; Subsidy estimated at Rs. 720 billion for FY 2015        Power sector continues to face challenges; given the falling thermal PLFs, rising subsidy for state owned distribution utilities & uncertainty over resolution of tariff compensations for the affected private sector IPPs…        Indian Mortgage Finance Market; Long-term Bonds by Banks for Affordable Housing - HFCs competitive positioning may weaken        Indian Automobile Industry; Most automobile segments showing an improvement in growth numbers        Indian Pharmaceutical Industry; Inclusion of additional drugs under price control, a credit negative for branded generics industry        Indian Banking Sector; RBI Guidelines on Issue of Long-term Bonds by Banks for Infrastructure Financing- A Positive for Banks & Indian Bond Market       
 
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Indian Banking Sector; RBI Framework for Dealing with Domestic Systemically Important Banks (D-SIBs) to Increase Banks’ Capital Requirement Further
Indian Spinning Industry; Stable with possible downside risk emanating from recent policy changes in China
Indian Gold Jewellery Retail Industry; Recent notification on inclusion of erstwhile saving schemes under the definition of deposits forces jewellers to re-jig their schemes and funding mix; smaller players likely to witness temporary liquidity strain
Indian Cement Sector; Demand recovery in sight; however, profitability continues to remain under pressure due to cost headwinds
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Bharat Forge Limited
Bharat Forge Limited
Bharat Forge Limited
Credit Perspective    
May 13, 2014
Bharat Forge Limited
Long term rating of Bharat Forge Limited upgraded to [ICRA]AA(stable) from [ICRA]AA-(stable); short term rating reaffirmed at [ICRA]A1+
Rationale    
May 13, 2014
Bharat Forge Limited
Bharat Forge Limited
Credit Perspective    
June 26, 2013
Bharat Forge Limited
Ratings of [ICRA]AA- and [ICRA]A1+ reaffirmed for credit facilities of Bharat Forge Limited
Rationale    
May 20, 2013
Bharat Forge Limited
Bharat Forge Limited
Credit Perspective    
June 22, 2012
Bharat Forge Limited
Ratings of [ICRA]AA- and [ICRA]A1+ reaffirmed for credit facilities of Bharat Forge Limited
Rationale    
March 22, 2012
Bharat Forge Limited
Bharat Forge Limited
Credit Perspective    
December 08, 2010
Bharat Forge Limited
ICRA revises the long term rating for credit facilities of Bharat Forge Limited
Rationale    
November 11, 2010
Bharat Forge Limited
Bharat Forge Limited
Credit Perspective    
March 22, 2010
Bharat Forge Limited
ICRA assigns LA+ (Stable) & A1+ ratings to Bharat Forge Limited
Rationale    
February 26, 2010
Bharat Forge Limited
ICRA revises the long-term rating of Bharat Forge Limited; re-affirms the short-term rating
Rationale    
August 11, 2009
Bharat Forge Limited
ICRA revises rating for Bharat Forge’s long-term debt programmes
Rationale    
March 02, 2009
Bharat Forge Limited
ICRA assigns LAA rating to Bharat Forge Limited
Rationale    
December 24, 2008