Fitch retains BBB- rating on IDFC despite asset quality risks
Rating agency Fitch on Friday affirmed 'BBB-' rating with a stable outlook on infra lender IDFC -- which is racing to convert itself as a commercial bank -- despite the company facing severe asset quality issues.
May 29, 2015, 19:34 PM IST
GDP in FY15 may have grown lower at 7.3% than Central estimate
Rating agency India Ratings and Research on Wednesday said the country's GDP may have grown at 7.3 percent in FY 2014-15 which is slightly lower than Centre's estimate of 7.4 percent.
May 27, 2015, 20:33 PM IST
India sees stable growth momentum, says OECD
In 2015-16, Gross Domestic Product (GDP) growth is pegged at 8-8.5 percent.
May 12, 2015, 20:24 PM IST
'Junk bonds: Domestic cos provide highest investor protection'
International rating agency Moody's today said the recent international junk bond sales by domestic companies offer the best protection to investors as they have the highest overall covenant quality scores.
May 08, 2015, 19:42 PM IST
Vedanta's Cairn India impairment credit negative: Moody's
Ratings agency Moody's Monday said metals and mining major Vedanta Resources' over Rs 19,000 crore impairment in Cairn India is credit negative as it implies a longer pay back period.
May 04, 2015, 18:33 PM IST
India better-off, less vulnerable to capital outflows: Fitch
Projecting an 8 percent growth for the current fiscal, rating agency Fitch on Thursday said India is less vulnerable to risks from capital flight, on account of of drop in oil prices and the government's reform agenda.
Apr 30, 2015, 18:04 PM IST
India's rating upgrade after eco parameters improve: Moody's
Earlier this month, Moody's had upgraded India's outlook to positive from stable, but retained the credit rating at the existing level at 'Baa3', just a notch above the junk grade.
Apr 26, 2015, 13:23 PM IST
S&P upgrades outlook on Tata Power to 'Stable'
Global ratings agency Standard & Poor's on Wednesday revised upward its outlook on Tata Power to 'stable' and reaffirmed its B+ rating on the company citing the progress, though slow, on tariff revision and stake sale.
Apr 22, 2015, 19:00 PM IST
Fiscal weaknesses make India vulnerable: S&P
"Structural fiscal weaknesses continue to be vulnerabilities of Indian sovereign creditworthiness, Standard & Poor's Credit Analyst Kim Eng Tan said.
Apr 13, 2015, 15:36 PM IST
S&P lowers Vedanta Resources' rating to 'BB-'
Vedanta is London-headquartered oil and metals company with most of its operations in India.
Apr 07, 2015, 22:25 PM IST
India's steps to revive gas-based plants to help banks: Moody's
Indian government's efforts to revive the stranded gas-based power projects will benefit the banks as they have significant exposure to such plants, credit rating agency Moody's said.
Mar 30, 2015, 13:55 PM IST
Capital spending in India to take 12 more months to recover: S&P
"We expect capital spending in India will continue to fall in fiscal 2016 despite its economy being one of the few bright spots in Asia-Pacific," it said.
Mar 29, 2015, 16:38 PM IST
CCI rejects complaint against Crisil
Finding "no material" evidence, Competition Commission has rejected allegations of unfair business practices made against credit rating agency Crisil.
Mar 19, 2015, 22:36 PM IST
LIC acquires 9.9% stake in rating agency CARE
LIC acquired 28,82,136 shares of the rating agency through a bulk deal, CARE said in a BSE filing.
Mar 19, 2015, 22:34 PM IST
LIC acquires 9.9% stake in rating agency CARE
Country's largest insurer LIC has picked up 9.9 percent stake in rating agency CARE for about Rs 428 crore.
Mar 19, 2015, 22:10 PM IST
Budget evokes mixed response from global rating agencies
The Budget has received a mixed response from global rating agencies with the US-based S&P saying that the annual financial document seeks to keep the fiscal deficit in check despite subdued revenue growth.
Mar 02, 2015, 14:39 PM IST
India's budget: Mood mixed at Moody's
The increase in service tax, however, is credit negative as it would increase the production cost for Indian corporates, the agency said.
Mar 02, 2015, 13:00 PM IST
Budget shows commitment to keep fiscal deficit low: S&P
India`s budget for 2015-16 highlighted the government`s commitment to keeping the fiscal deficit low, ratings agency Standard and Poor`s said, adding that the country`s debt burden and subsidy bill could constrain its ratings.
Mar 02, 2015, 10:47 AM IST
2-wheeler industry to grow 8-9% in FY15; 1-2% next fiscal: ICRA
It will be driven by increasing penetration of scooters even as the larger segment of motorcycles continues to post modest growth supported mainly by replacement demand, ICRA said in its report.
Feb 26, 2015, 18:20 PM IST
India Ratings says capital raising big concern for banks in FY16
Domestic rating agency India Ratings on Thursday said the primary cause of concern for the banking sector will shift to capital raising in 2015-16, away from the asset quality woes, which may subside as the economy picks up.
Feb 05, 2015, 19:12 PM IST
