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ICRA downgrades Yes Bank, Anil Ambani’s Reliance Home Finance, Commercial Finance ratings

For the Anil Ambani-run Reliance Home Finance, where the agency has an outstanding rating on a Rs 1,200 crore commercial paper program, the rating has been downgraded to junk grade of D from A4 with rating watch on negative implications. Private sector lender Yes Bank had a double-whammy Saturday after domestic rating agency Icra downgraded its long-term ratings along with ... Read More »

Lookers downgrades UK new car market expectations for 2017

LONDON, Aug 16 (Reuters) – The chief executive of Lookers , one of Britain’s biggest car dealership chains, has downgraded expectations for the new car market, forecasting UK demand to drop by around 3 percent this year. New car registrations have fallen since April, the longest run of decline since 2011, and are down 2 percent year to date, hit ... Read More »