Allcargo Logistics announced the resignation of Malini Thadani, (DIN: 01516555), an Independent Director of the Company with effect from 01 April 2020.
Ashiana Housing announced that the company has converted 5 more “Expression of Interests” into booking thereby making total number of bookings at 130 units, out of the total 240 units (consisting 4,27,200 sq. ft. area) available in Phase 1 & 2 of the project “Ashiana Amantran” located at Jaipur (Rajasthan). As on date out of the above 130 units (consisting 2,27,295 sq. ft. area) the company has completed documentation, system updation (leading to final booking) in respect of 124 units (consisting 2,15,740 sq. ft. area), and for remaining 6 units the above process is being completed.
Axis Bank announced that Moody's has revised the outlook for the Bank from Stable to Negative. Further, it has downgraded the counterparty risk assessment of the Bank to Baa3(cr)/P-3(cr) from Baa2(cr)/ P-2(cr), and the local currency counterparty risk rating of the Bank to Baa3/p-3 from Baa2/P-2.
DCB Bank announced that CARE Ratings has reaffirmed the credit ratings for short term bank facilities of Rs 300 crore at CARE A1+.
Moody's Investors Service has affirmed the deposit ratings of ICICI Bank (ICICI) and Axis Bank (Axis) at Baa3, and of IDBI Bank (IDBI) at Ba2.
Moody's has also placed IndusInd Bank's (IndusInd) domestic and foreign currency issuer ratings of Baa3/P-3 under review for downgrade. The bank's ba1 baseline credit assessment (BCA) and adjusted BCA have also been placed under review for downgrade.
The baseline credit assessment (BCA) and adjusted BCA of ICICI and Axis are affirmed at ba1. The BCA and adjusted BCA of IDBI has also been affirmed at b2.
Moody's has also downgraded the counterparty risk assessments (CR assessments) of Axis and ICICI to Baa3(cr)/P-3(cr) from Baa2(cr)/P-2(cr), and the local currency counterparty risk rating (CRR) of Axis and ICICI to Baa3/P-3 from Baa2/P-2.
At the same time, the outlooks for ICICI and Axis are revised to negative from stable, and for IDBI to stable from positive.