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rating agency news

A de jure upgrade for Indian economy

PREMIUM
While rating agencies play a big role in sovereign debt markets and driving overall investor sentiment about countries, the latest decision is more a de jure recognition of the fact that India has emerged as a bright spot in an otherwise turbulent and uncertain economic global environment (Bloomberg file photo)
Published on May 31, 2024 01:56 am IST

Second round of stimulus to provide limited support to growth: Moody’s

The stimulus, amounting to Rs 46,700 crore, or about 0.2 per cent of real gross domestic product (GDP) forecast for FY 2021, “highlights limited budgetary firepower to support the economy during a very sharp contraction,” Moody’s said.
Published on Oct 15, 2020 04:14 pm IST

Sebi asks agencies to rate all firms

Rating agencies want to withdraw ratings of firms whose issuances are not backed by enough data.
Updated on Jul 10, 2020 07:02 am IST

India’s fundamentals demand much better rating: CEA Subramanian

India’s ability and willingness to repay debt is gold standard, Krishnamurthy Subramanian said making a case for ratings upgrade.
Updated on Jun 11, 2020 07:48 pm IST

India likely to cap stimulus package at $60 billion to protect credit rating: Report

The stimulus plans yet to be outlined are likely to be aimed at helping people who have lost their jobs, as well as both small and large companies, via tax holidays and other measures, said both officials.
Published on May 02, 2020 01:04 am IST

Icra revises outlook on auto components sector to negative from stable

This comes amidst rapid and mandatory technological advancements in vehicle safety and emissions, which has led to sizable capital expenditure by component manufacturers over the past few years, he added.
Updated on Sept 18, 2019 04:49 pm IST

DHFL debacle: Are your debt funds safe?

Experts believe that sooner or later the company will be able to get out of the current crisis.
Updated on Jun 17, 2019 03:06 pm IST

The debt funds debacle saga

Exiting debt funds in a hurry may not be a good idea because you will take all the losses, especially in funds where there is a potential for write-backs.
Updated on Jun 03, 2019 11:18 am IST

SEBI’s efforts are good but reforming India’s bond markets is a big ask

After the sudden and sharp downgrade of IL&FS bonds in September 2018, SEBI, the securities regulator, introduced new, tighter norms for credit rating agencies.
Updated on May 13, 2019 07:56 am IST

India to grow at 7.3 % in 2019, 2020: Moody’s

Moody’s growth estimates in based on calendar year. India, however, measures its economic growth on the basis of fiscal year (April-March).
Updated on Mar 01, 2019 01:52 pm IST

Ratings agency Moody’s to pay $16 mn over flawed credit ratings

A trader waits on a nearly empty trading floor at the New York Stock Exchange (NYSE) after trading was halted due to a 'technical glitch' in New York City.
Published on Aug 28, 2018 10:39 pm IST

Fitch downgrades PNB’s viability rating on deteriorating credit profile

A man reads a newspaper outside a branch of Punjab National Bank (PNB) in Ahmedabad.
Published on Jun 04, 2018 05:26 pm IST