KBRA Assigns Preliminary Ratings to American Credit Acceptance Receivables Trust 2018-4

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of American Credit Acceptance Receivables Trust 2018-4 (“ACAR 2018-4”), an auto loan ABS transaction. American Credit Acceptance Receivables Trust... Read more »

Considering possible deal and merger of Indian unit: GlaxoSmithKline

In response to recent press speculation, GSK confirms that consideration is being given to a potential transaction that includes a merger of GSKCH. Read more »

India shelves clean, Heinz to bring in global brand

After divesting Complan, Heinz is planning to bring in some of its global brands to India in the coming month. Read more »

Retail chain Kmart Australia explores India foray

A team from Kmart Australia — which is under a separate ownership than the troubled US retailer and is financially healthier — was in the country recently, one of the persons said. Read more »

Volkswagen group recasts structure to make quicker decisions

Skoda will manage the production and engineering operations of India-specific products for both the mass-market brands. Read more »

Telecom tower companies face margin erosion

Analysts expect future tower additions to largely happen in rural areas, which are likely to drive the next wave of wireless subscriber growth. Read more »

A.M. Best Revises Outlooks to Negative for Labuan Reinsurance (L) Ltd

SINGAPORE--(BUSINESS WIRE)--A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Labuan Reinsurance (L)... Read more »

NCLT admits EMC for Rs 6,500 cr liability

NCLT took action following a petition filed by operational creditors to the company and appointed an interim resolution professional, prompting the financial creditors led by State Bank of India to swing into... Read more »

A.M. Best Affirms Credit Ratings of The Oriental Insurance Company Limited

SINGAPORE--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” of The Oriental Insurance Company Limited (Oriental) (India). The... Read more »

A.M. Best Affirms Credit Ratings of Bao Minh Insurance Corporation

SINGAPORE--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Bao Minh Insurance Corporation (Bao Minh) (Vietnam). The outlook of these Credit Ratings (ratings)... Read more »