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India Ratings Maintains Negative Outlook On NBFCs, Housing Finance Companies For Second Half Of FY21

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India Ratings Maintains Negative Outlook On NBFCs, Housing Finance Companies For Second Half Of FY21

Domestic rating agency India Ratings and Research on Thursday said it has maintained a negative outlook on Non-Banking Financial Companies and Housing Finance Companies for the second half of 2020-21.

It said growth in assets under management would be flattish for NBFCs as against its earlier estimate of 8-10% year-on-year, and in lower single digits for HFCs in 2020-21. “We have maintained a negative outlook on the non-banking finance company (NBFC, retail and wholesale) and housing finance company sectors for 2HFY21, amid Covid-19 related business disruptions,” the rating agency said.

It said that considering the unabated spread of the virus at pan-India level, time required for NBFC operations to return to normalcy could be prolonged.

Although the liquidity and funding environment has improved for better-rated entities after July, there would be asset quality issues impacting overall profitability in 2020-21 and beyond, it said.

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While it has a negative outlook on most of the asset classes, the rating agency has maintained a stable outlook on securitisation transactions for the second half of 2020-21. It was backed by home loans, vehicle loans, secured business loan (loans against property) pools, given the seasoning and credit enhancement build-up in these transactions.

However, it has revised its outlook to negative from stable for the securitisation transactions backed by microfinance loans, unsecured business loans and construction equipment loans because of the uncertainty around slippages after moratorium.

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Cardi B criticizes husband Offset for cheating allegations.

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Cardi B criticizes husband Offset for cheating allegations.

Addressing Husband Offset’s Cheating Allegations

Celebrity relationships often face intense scrutiny, with the private lives of public figures frequently making headlines. Cardi B, the renowned rapper and entertainer, recently found herself in the spotlight once again, this time addressing cheating allegations involving her husband, Offset. In a candid and bold move, Cardi B openly criticized Offset for his alleged infidelity. In this blog post, we delve into the context of the situation and examine the significance of Cardi B’s response to the cheating allegations.

Cardi B and Offset, both well-known figures in the music industry, have had a tumultuous relationship that has been closely followed by fans and media alike. Previous instances of cheating allegations and subsequent reconciliations have kept their personal lives in the public eye. Now, faced with yet another round of accusations, Cardi B has chosen to address the matter head-on.

In a display of openness and honesty, Cardi B publicly criticized her husband, Offset, for the alleged cheating incidents. Through her social media presence, she expressed her disappointment and frustration, making it clear that infidelity was unacceptable. Cardi B’s candid criticism sent a powerful message, not only to her husband but to her millions of fans worldwide.

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Cardi B’s decision to publicly address the cheating allegations demonstrates her commitment to transparency and holding her partner accountable. By openly criticizing Offset, she challenges the common narrative that infidelity should be swept under the rug or excused due to celebrity status. Her response empowers others to assert their boundaries and expectations within relationships, fostering a dialogue about trust, respect, and fidelity.

Furthermore, Cardi B’s choice to address the issue publicly also highlights the complexities of navigating personal relationships under public scrutiny. Celebrities often face added pressure to maintain a certain image, and Cardi B’s willingness to address these challenges openly showcases her authenticity and vulnerability.

While Cardi B’s public criticism may be seen as a powerful stance against infidelity, it also raises questions about the future of her relationship with Offset. Only time will tell how they choose to address and resolve the allegations, as well as the impact it may have on their personal lives and careers. However, Cardi B’s firm response serves as a reminder that addressing issues within a relationship, regardless of public perception, is essential for personal growth and maintaining healthy boundaries.

Cardi B’s candid criticism of husband Offset in response to cheating allegations has sparked conversations about trust, accountability, and the complexities of public relationships. By openly addressing the issue, she encourages others to stand firm in their expectations and reinforces the importance of open dialogue in relationships. As Cardi B continues to navigate her personal journey, her candidness serves as a reminder that even public figures face challenges and must prioritize their own well-being and happiness.

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