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Infrastructure FY22 outlook rises to stable: India Ratings


Infrastructure FY22 outlook rises to stable: India Ratings
Mahindra Susten’s renewable energy assets are among many ongoing large portfolio sales in the infrastructure space.afpPremium
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Credit ratings agency India Ratings and Research has revised its overall infrastructure sector outlook to stable for FY22 from negative last year. The stable outlook factors in the contracted revenue visibility, long tenor contracts enabling financial flexibility to an extent and improving people traffic and cargo volumes, on the back of a strong economic recovery expectation for FY22.
Some sectors, such as airports and wind power, will continue with a negative outlook, the agency said, as signs of demand recovery are scarce on the ground. Though infrastructure projects have a long operating period, stressed liquidity could lead to downgrades, especially in airports, metro rail and wind sectors, it said. ....

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Brokerage firms, rating agencies differ over FY22 NBFC outlook


Brokerage firms, rating agencies differ over FY22 NBFC outlook
Moody’s affiliate rating agency said that it expects non-performing assets of NBFCs to increase to 5.6-6.3% of loans at the end of March 2022 from 4.6% at the end of fiscal year 2020
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Brokerages and rating agencies differ over the outlook of the non-banking finance sector as it recovers from the after-effects of the covid pandemic. According to rating agency ICRA, the stress in the non-banking finance companies will continue to remain elevated through fiscal year 2022 even as companies offset their credit losses with provisions. ....

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2021 readying for mythologies on screen


2021 readying for mythologies on screen
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NEW DELHI: Film producer Vashu Bhagnani has added to Bollywood’s love for mythologicals with the latest announcement of his take on the Mahabharat, in a multilingual project titled Suryaputra Mahavir Karna. Poet and Aam Aadmi Party member Kumar Vishwas will pen the dialogues and lyrics of the film, Bhagnani s production house Pooja Entertainment said in a statement.
A clutch of mythological films is on the cards this year in Hindi cinema.
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