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S&P News

24 Sep 2024

S&P Global Ratings Retains India's GDP Growth At 6.8%, Cuts China's Forecast

The rating agency also retained India's growth forecast for FY 2025-26 at 6.9 per cent. Meanwhile, S&P further reduced China's GDP growth to 4.3 per cent in the calendar year 2025.

28 Nov 2022

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).

25 Aug 2022

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.

07 May 2021

Surging India virus cases may derail recovery but ratings outlook stable: S&P

The agency said it still expects the economy to expand for the year as a whole. It expects growth to fall to 9.8% under its moderate scenario. S&P has a "BBB-" rating on India.

12 Jun 2020

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.

29 Jan 2019

S&P foresees 'credit risks' for PSUs supporting govt exchequer via share buyba

10 public sector undertakings have announced or executed buybacks for a cumulative amount of Rs 15,000 crore.

08 Jan 2019

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.

05 Dec 2018

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.

19 Apr 2018

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.

06 Feb 2018

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.

22 Aug 2017

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.

25 May 2017

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.

Global credit rating agencies

11 May 2017

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.

08 Apr 2017

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.

21 Nov 2016

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.

Standard & Poor's

02 Nov 2016

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.

India credit rating

02 Nov 2016

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".

India credit rating

02 Nov 2016

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.

15 Oct 2016

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.

06 Oct 2016

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.

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