Moody's unit ICRA jumps most in six months after profit surge

ICRA

27/01/2022 05:47

** Shares of Moody's-owned Indian credit rating agency
 ICRA.NS  rise as much as 9% to a near 2-month high of 3,770
rupees, in a weak broader market  .NSEI 
    ** ICRA's third-quarter profit jumped 27% to 308.8 mln
rupees ($4.11 mln) on a 12% rise in revenue, co reported https://www.bseindia.com/xml-data/corpfiling/AttachLive/0c0847f7-8d69-44d6-91fa-474658f060ad.pdf
 after market hours on Tuesday; Indian markets were closed
Wednesday for a holiday
    ** Ratings revenue improved with traction in fresh business;
bond issues by banks and non-bank lenders grew in quarter - ICRA
    ** Stock marks sharpest intraday pct gain since July 29,
2021
    ** Stock up 2% YTD up to last close, after a near 16% rise
in 2021

($1 = 75.2100 Indian rupees)

 (Reporting by Chris Thomas in Bengaluru)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))