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Tag: ratings

How to navigate the world of sustainable investing ratings

Finance
Oranut Fankhaenel / EyeEm | EyeEm | Getty ImagesSustainability ratings are useful tools for assessing the environmental, sustainability and corporate governance-worthiness of mutual funds and exchange-traded funds.But how do you navigate between different ratings providers, especially when they can have different results for the same fund?CNBC looked under the hood at some of the most pertinent issues.What's being measured?"[Ratings] don't have to agree, because the underlying methodologies are different," said Larry Lawrence, executive director, ESG products, for MSCI.To compare fund ratings in an apples-to-apples fashion, one must not only compare methodologies (here is MSCI's as an example), but also at how the underlying holdings are treated in terms of rating distribution; carbon inte...
Queen’s Christmas message returns to top of TV ratings

Queen’s Christmas message returns to top of TV ratings

Entertainment
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India Ratings warns NBFCs of Rs 70,000 crore ticking time bomb

India Ratings warns NBFCs of Rs 70,000 crore ticking time bomb

Finance
MUMBAI: NBFCs giving loans to real-estate companies may come under pressure in the first half of next year when about Rs 70,000 crore worth of advances to infrastructure developers would no longer enjoy mandatory repayment exemptions. India Ratings said on Monday that with refinancing options looking bleak for these developer companies due to high costs of fund and liquidity tightness, some of these exposures may turn delinquent. The Fitch group’s Indian rating agency on Monday downgraded its mid-year outlook for NBFC sector to ‘negative’ from ‘stable’. “About 65-70% of the loan book that NBFCs have is still under moratorium where interest payment is happening and principle payment will start from first half of the next fiscal year. Delinquencies may increase on a case to case basis,” said...
Metro top and RBS bottom in banks’ customer ratings

Metro top and RBS bottom in banks’ customer ratings

Business
Customers have provided a ray of sunshine for Metro Bank as the embattled business topped official satisfaction ratings.Metro was joint top with First Direct, with 82% of personal British customers saying they would recommend the banks to their family and friends.Metro has seen its share price nosedive in recent months and is looking for a new chairman.RBS remained bottom of the twice-yearly customer rankings.The survey was the result of demands from the UK's competition authority to encourage switching and competition on customer service. Banks must prominently display the results in branches, on websites and apps.In Northern Ireland, HSBC was top of the ranking among personal customers, with a satisfaction rate of 77%. ...

India Ratings (Ind-Ra) downgrades UTI Ultra Short Term Fund to ‘IND AAmfs’

Finance
India Ratings and Research (Ind-Ra) has downgraded UTI Ultra Short Term Fund’s National Fund Credit Rating to ‘IND AAmfs’ from ‘IND AAAmfs’. The fund has also been placed on Rating Watch Negative (RWN), said a statement by the rating agency on Thursday. The rating agency noted that the downgrade and RWN follows downward credit migration in one of the underlying investments of UTI Ultra Short Term Fund. The statement also said that Ind-Ra is closely monitoring the fund’s exposure to the investment that has seen a series of credit rating downgrades. The RWN indicates that rating may be either affirmed or downgraded on resolution. The RWN will be resolved after Ind-Ra achieves full clarity on the stability of the credit quality of the underlying investment. "The agency considers weighted a...