Moody's menaikkan peringkat Reliance Industries menjadi Baa1

Moody's telah menaikkan peringkat kredit Reliance Industries menjadi Baa1. Peringkat baru ini berada dua tingkat di atas peringkat utang negara India.

Peningkatan ini mencerminkan profil bisnis Reliance yang kuat. Lembaga pemeringkat tersebut menyebutkan segmen bisnis yang kontra-siklus, ekspansi internasional yang signifikan dengan lebih dari sepertiga pendapatan berasal dari ekspor, serta ketergantungan yang terbatas pada pendapatan yang terkait dengan pemerintah sebagai faktor kunci yang mendukung stabilitas pendapatan di berbagai siklus ekonomi.

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News illustration of Argentina's country risk dropping below 500 points due to Fitch upgrade.
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Fitch upgrade pushes Argentina country risk below 500 points

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Argentina's credit rating rose to B- after Fitch Ratings' decision, driving the country risk down to 496 basis points on Monday, May 11. The indicator had not broken that level since late January.

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Fitch Ratings upgraded South Africa’s long-term foreign and local currency ratings from BB- to BB on 5 June with a stable outlook, the agency’s first upgrade for the country in more than 20 years.

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Credit rating agency Fitch upgraded Tigo's national rating to AAA with a stable outlook. The change follows Millicom's full acquisition of the company after taking EPM's stake. The upgrade reflects improved operational performance and a strong market position.

Bajaj Finance shares have fallen 18% so far in March, wiping out more than Rs 1 lakh crore in market value. The decline, which exceeds 20% over the past month, coincides with escalating Iran-US tensions. Factors including rising oil prices, inflation concerns, and Moody’s macroeconomic warnings have pressured financial stocks.

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India is set to reapply for inclusion in major global bond indices after introducing tax exemptions for foreign investors. The country has also expanded its pool of long-dated securities to strengthen its appeal.

 

 

 

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