CURRENT AFFAIRS

Detailed explanation-1: -» A “Negative” outlook indicates a high likelihood of a downward rating revision in the near to medium term. However, a “Positive” or a “Negative” outlook does not imply that the Credit Rating would necessarily be upgraded or downgraded in the future.

Detailed explanation-2: -Crisil “AAA/Stable” rating indicates the highest degree of strength with regard to honouring debt obligations. Crisil has stated that “the systems are regularly upgraded to pre-empt market failures”.

Detailed explanation-3: -A positive outlook indicates a rating may be raised, and a negative outlook indicates a rating may be lowered. A stable outlook is assigned when we believe that ratings are not likely to be changed. Outlooks should not be confused with expected stability of the issuer’s financial or economic performance.

Detailed explanation-4: -A company’s rating is an indication of its ability to repay its debt. A negative watch indicates that its ability to repay may be deteriorating. A company’s outlook may be stable, under review, negative watch, or negative.