S&P cuts India's growth forecast to 7% for FY23
S&P had in September projected the Indian economy to grow 7.3 per cent in 2022-23 and 6.5 per cent in next fiscal year (2023-24).
Nov 28, 2022, 12:47 PM IST
India has ample forex buffers to withstand pressure on credit worthiness: S&P
Speaking at the India Credit Spotlight 2022 webinar, S&P Sovereign & International Public Finance Ratings Director Andrew Wood said the country has a strong external balance sheet and limited external debt, making debt servicing not so expensive.
Aug 25, 2022, 13:55 PM IST
Surging India virus cases may derail recovery but ratings outlook stable: S&P
The rating agency, however, said the second wave should not hit the economy as hard as the first wave did in the April-June quarter of the 2020/21.
May 07, 2021, 17:11 PM IST
India's growth potential at 6.5-7%, needs to push reforms for recovery: S&P
Days after keeping India's rating at lowest investment grade for 13th year in a row, the rating agency in a webinar said despite the contraction in GDP this year, the country continues to be an outperformer among the peer groups.
Jun 12, 2020, 17:03 PM IST
S&P foresees 'credit risks' for PSUs supporting govt exchequer via share buybacks
10 public sector undertakings have announced or executed buybacks for a cumulative amount of Rs 15,000 crore.
Jan 29, 2019, 16:54 PM IST
S&P affirms IDBI Bank rating; LIC capital infusion to accelerate write-offs
The rating agency has removed IDBI Bank's ratings from 'CreditWatch', where they were placed with negative implications on August 17, 2018.
Jan 08, 2019, 14:40 PM IST
S&P downgrades Tata Motors, JLR credit ratings
Tata Motors' issue credit rating and senior unsecured notes rating have been been revised to 'BB-/negative.
Dec 05, 2018, 13:28 PM IST
Indian banks' FY18 results likely to be weak: S&P
In a report titled 'India's Banks Are Bracing For Weak Fiscal 2018 Results', S&P on Thursday said it believes that at a system level the ratio of stressed assets is realistically around 13-15 percent, compared with 12.3 percent in the first half of fiscal 2018.
Apr 19, 2018, 22:01 PM IST
US stocks suffer biggest fall in six years, Dow falls nearly 1,600 points
US stocks saw their biggest one-day fall in six years on Monday, as investor profit taking brought the market back down from record highs seen in late January, after benchmark bond yields rose to a four year high last week.
Feb 06, 2018, 09:34 AM IST
Wall Street bounces back with gains in tech stocks
US stocks were higher in early afternoon trading on Tuesday, with all the three major indexes poised for their best one-day percentage gains in more than a week, led by technology stocks.
Aug 22, 2017, 23:01 PM IST
World stocks hit record after Fed minutes, oil up as OPEC meets
World stocks hit record highs on Thursday and the dollar dipped after the US Federal Reserve signalled caution in raising interest rates, while oil prices rose in anticipation of top producers agreeing to extend output cuts for up to a year.
May 25, 2017, 15:27 PM IST
Rating agencies inconsistent in their treatment of China, India
Slamming global credit rating agencies for not upgrading India despite clear improvement in its economic fundamentals, Chief Economic Adviser Arvind Subramanian on Thursday said they are following "inconsistent" standards while rating India and China.
May 11, 2017, 15:59 PM IST
Sensex fails to maintain 30,000 level on fag-end selling pressure
The S&P BSE benchmark sensex failed to maintain 30,000 level and Nifty also tumbled from all-time high level due to fag-end selling pressure after the news of US striking Syria.
Apr 08, 2017, 10:42 AM IST
Nasdaq hits record intraday high as Wall Street soars with oil prices
Wall Street rose on Monday morning, with the Nasdaq hitting a record intraday high, helped by a jump in technology shares and as higher oil prices boosted energy stocks.
Nov 21, 2016, 20:53 PM IST
S&P retains India's rating at BBB-, rules out upgrade for next two years; 'introspect', govt hits out
Like S&P, Fitch Ratings also rates India at 'BBB-minus', the lowest investment-grade, with a 'stable' outlook. Moody's Investors Service rates India at an equivalent 'Baa3', but with a "positive" outlook.
Nov 02, 2016, 18:31 PM IST
S&P retains India's rating at BBB-; Govt says rating firms need to introspect
The government on Wednesday slammed global rating agencies for not upgrading India's sovereign rating despite a slew of reforms, saying they need to do some "introspection" as investors globally feel the country is "under-rated".
Nov 02, 2016, 16:22 PM IST
S&P retains India's rating at BBB- with stable outlook; rules out upgrade for 2 years
Dashing the government's hope of improved credit rating, S&P on Wednesday retained India's rating at 'BBB-' with a stable outlook and ruled out any upgrade in two years, citing weak public finances.
Nov 02, 2016, 14:50 PM IST
Kamath bats for BRICS rating agency, says Big 3 constraining growth in emerging nations
Batting for a new credit rating agency backed by BRICS group, New Development Bank president K V Kamath on Saturday said methodologies of the big three global agencies are constraining growth in emerging nations.
Oct 15, 2016, 19:01 PM IST
S&P, Moody's ratings on ATL unaffected by RInfra deal
S&P Global Ratings and Moody's Investors Service on Thursday said their ratings on Adani Transmission is unaffected by the company's announcement to acquire Reliance Infrastructure's (RInfra) operational transmission assets.
Oct 06, 2016, 15:04 PM IST
India to clock 8% growth over next few years: S&P
Backed by broadening of domestic consumption base, S&P Global Ratings Monday projected India to clock a "steroid-free" growth of 8 percent over the next few years.
Sep 19, 2016, 20:56 PM IST
