Name: Latest research reports of CARE Ratings Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: CARE Ratings Ltd.
Rating: 3
Author: ICICI Securities Limited

Credit Analysis & Research Ltd.

Hold: CARE Ratings Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Reported rating revenues increased above estimate by 21.4% YoY to ~| 94 crore. The growth has been the highest in last several quarters and is led by increased ratings in the short-term debt category The overall quantum of debt rated increased 25% YoY to | 16.48 during FY18. This was due to 7.6% increase in bank loan ratings, 9.4% in long term debt rated and 175.6% in short-term debt rated. The rise in short-term debt rated is mainly due to higher volumes of...