While the country's steel output will increase on higher capacity utilisation as demand grows, the US tariffs will have a limited impact on rated producers' sales.
Airtel's debt level could rise by 25 per cent if it is required to pay the full payment of its aggregate provision and if its funds it entirely with debt.
According to a report, the persistent spending pressures and slower economic growth will result in continued widening of the fiscal deficit.
Meanwhile, the continued depreciation of the rupee against the US dollar has limited negative credit implications for rated companies, as most have natural hedges in place.
Earlier, the 15th Finance Commission had raised concerns over the states’ finances with the finance ministry.
The ratings placed on review for downgrade include BPCL's ba1 baseline credit assessment, its Baa2 issuer rating and Baa2 backed senior unsecured rating for Bharat PetroResources Ltd.
The central bank is authorised to appoint an administrator as well as an advisory committee that will oversee the resolution process.
Pro-forma the preferential allotment and the conversion of the warrants, Tata Sons' shareholding in TML will increase to 46.4 per cent from the current 38.4 per cent.
Prolonged financial stress among rural households, weak job creation and credit crunch among NBFIs have increased the probability of slowdown.
Currently, BPCL’s outstanding foreign currency bonds are worth $1.7 billion, but any redemption could expose it to significant refinancing risks.
According to Moody's, it does not expect LAP lending by NBFCs and HFCs to pick-up significantly in the next few months.
It’s also unclear if banks will be able to mitigate the risk by linking interest rates on CASA deposits to an external benchmark.
The GDP growth forecast for 2019 calendar year was revised downwards from its previous estimation of 6.8 per cent.
According to the global ratings agency, economic growth over the next 12-18 months will remain weaker than previous years, at a time when banks are recovering from legacy NPAs.
Top finance ministry officials said despite pressure from the corporate sector the thinking is that bailouts to every shadow bank wouldn't only require a huge amount of money but also set a bad model.