Bank Credit Weekly: Risk-On Until Hong Kong
Almost all Asia-headquartered bank bonds tightened in this week’s risk-on environment. However, Friday’s jump in Hong Kong's inter-bank rates...
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India Infoline - (IIFL IN) - Reiterate Buy
We had recommended Buy on the IIFL Holdings (IIFL IN) 5.875% bonds due 2023 on March 26th , when they were trading at a price of 47 cents to the...
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Fitch Downgrade of Indian Fincos
Fitch downgraded the ratings of 3 Indian fincos on March 27 and placed one rating on negative watch. While we recognize the risks associated with...
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Indian Fincos - Focusing on Liquidity
We look at USD denominated bonds issues by four Indian finance companies as yields on all these bonds have risen on the back of the sell off in the...
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Edelweiss Financial Services - Train Wreck
Weak Edelweiss Result:Edelweiss Financial Services (EDEL.IN) [Edelweiss] reported earnings of INR 170 mn for FY 3Q20, a 67% and 92% linked quarter...
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