S&P

S&P revises ICICI Bank outlook to stable from negative

S&P revises ICICI Bank outlook to stable from negative

S&P Global Ratings on Friday revised its rating outlook on ICICI Bank Ltd to stable from negative.It affirmed BBB-minus long-term and...Read More

Policy watch: Agenda #2 – CEZs can help India revive from its continuous decline

Policy watch: Agenda #2 – CEZs can help India revive from its continuous decline

“For God's sake, let us sit upon the groundAnd tell sad stories of the death of kings ...”- Richard II, William ShakespeareCould the CEZ ...Read More

Tata Steel deleveraging gets steel price push: S&P

Tata Steel deleveraging gets steel price push: S&P

S&P Global Ratings said on Monday that continued strength in steel prices will support Tata Steel's commitment to deleverage.The comp...Read More

India's sovereign rating to remain at current level for next 2 years: S&P

India's sovereign rating to remain at current level for next 2 years: S&P

The US-based rating agency, however, said that the second wave of COVID may derail a strong recovery in the Indian economy, but its econo...Read More

COVID impact: S&P slashes India's GDP growth forecast to 9.8% for this fiscal

COVID impact: S&P slashes India's GDP growth forecast to 9.8% for this fiscal

S&P Global Ratings on Wednesday slashed India's GDP growth forecast for the current financial year to 9.8 percent saying the second C...Read More

S&P downgrades Future Retail to SD on restructuring of onshore debt

S&P downgrades Future Retail to SD on restructuring of onshore debt

S&P Global Ratings on Thursday downgraded Future Retail to selective default (SD) on restructuring of onshore debt but kept the issu...Read More

India's second COVID wave heightens downside risks to GDP, credit

India's second COVID wave heightens downside risks to GDP, credit

The negative credit spillovers to rated portfolio remains limited but the situation is fluid, it said.

S&P forecasts 11% growth for India this fiscal, flags 'substantial' impact of broader lockdowns

S&P forecasts 11% growth for India this fiscal, flags 'substantial' impact of broader lockdowns

S&P Global Ratings on Thursday said the Indian economy is projected to grow at 11 per cent in the current fiscal, but flagged the "s...Read More

Systemic risk in Indian banks to remain high: S&P

Systemic risk in Indian banks to remain high: S&P

S&P estimates the weak loans in banks at 11-12 per cent of gross loans. "We forecast credit losses will decline to 2.2 per cent of total ...Read More

80% of Indian large cap funds underperformed benchmarks in 2020: Report

80% of Indian large cap funds underperformed benchmarks in 2020: Report

In the equity-linked saving schemes (ELSS) and mid/small-cap funds, the performance was marginally better with the underperformance of 65...Read More

Adani Ports growth ambitions can reduce rating cushion: S&P

Adani Ports growth ambitions can reduce rating cushion: S&P

Global Ratings said on Thursday that Adani Ports and Special Economic Zone Ltd's (BBB-minus with stable outlook) rating headroom will red...Read More

Banks' low profitability, weak asset quality pose difficulty in boosting digitisation: S&P

Banks' low profitability, weak asset quality pose difficulty in boosting digitisation: S&P

S&P Global Ratings on Monday said India's banking system's low profitability and weak asset quality present some difficulties in sig...Read More

S&P retains India's growth forecast at (-)9 per cent this fiscal

S&P retains India's growth forecast at (-)9 per cent this fiscal

S&P, in its report on Asia Pacific, projected the Indian economy to grow at 10 per cent in the next fiscal.

S&P 'sceptical' of allowing corporate ownership in banks amid large company defaults

S&P 'sceptical' of allowing corporate ownership in banks amid large company defaults

It also said that the Reserve Bank of India (RBI) will face challenges in supervising non-financial sector entities at a time when the he...Read More

SBI's profit bump shows resilience against downside: S&P

SBI's profit bump shows resilience against downside: S&P

State Bank of India (SBI) has the financial strength to withstand tough operating conditions in the next 12 months due to its strong depo...Read More

US stock futures: Dow Future tumbles after Trump tests positive for COVID-19

US stock futures: Dow Future tumbles after Trump tests positive for COVID-19

On Friday, after US President Donald Trump tweeted that Melania Trump and he were tested positive for COVID-19, the US stock futures fell...Read More

India's economy to experience record contraction in 2020-21: S&P

India's economy to experience record contraction in 2020-21: S&P

India's weak fiscal settings will worsen further this year, constraining the government's ability to aid the economy, it said.

India's banking sector recovery to pre-Covid levels may take years: S&P

India's banking sector recovery to pre-Covid levels may take years: S&P

India, Mexico, and South Africa are among the banking systems that will be slower to recover to 2019 levels--likely beyond 2023, accordin...Read More

India's economy likely to tank 9 pc due to Covid distress: S&P

India's economy likely to tank 9 pc due to Covid distress: S&P

"One factor holding back private economic activity is the continued escalation of the Covid-19," said Vishrut Rana, Asia Pacific Economis...Read More

TCS may face slower growth in revenue over 12-18 months: S&P

TCS may face slower growth in revenue over 12-18 months: S&P

S&P Global Ratings on Tuesday said Tata Consultancy Services (TCS) is likely to face slower growth in revenue and profitability over ...Read More

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