21st Austria weekly - Wienerberger Strabag 31/05/2022 [pic1]Wienerberger: Moody’s affirms Wienerberger’s Ba1 rating and changes outlook from stable to positive. action reflects strong performance in 2021 that continued the first quarter 2022. Despite challenging market environment Wienerberger gained substantial additional revenue generated a free cash flow successfully expanded its EBITDA margin. appreciates change Moody s positive reflecting transformation of our business model towards enhanced resilience improved profitability by continuously focusing on ESG innovation Operational Excellence.Wienerberger: performance: -2.38%Strabag: The output volume construction group SE Group
The new credit ratings represent a milestone achieved following the reforms introduced in 2015 under the leadership of Crown Prince Muhammad Bin Salman, deputy prime minister and minister of defense.
Read more about Second Covid wave threatens India s long-term credit rating, warns Moody s on Business Standard. The financial sector could become the main driver of potential risk to the sovereign
Global rating agency Moody’s said The Indian government s support measures for bank borrowers have softened growth in non-performing loans (NPLs), averting the risk of a sharp deterioration in asset quality. “Ample domestic liquidity, loose monetary policy, moratoriums on loan repayments and government guaranteed loans to small businesses have supported Indian banks’ asset quality. As a result, restructured loans have not increased as much as we expected at the onset of the pandemic,” said Alka Anbarasu, a Moody’s Vice President an d Senior Credit Officer. The Financial Stability Report in January 2021 had estimated that gross non-performing assets of banks in India may grow from 7.5 per cent in September 2020 to 13.5 Per cent by September 2021 under baseline scenario. The ratio may escalate to 14.8 per cent under a severe stress scenario.