Thu, Oct 17, 2024
India is poised to be the third largest global economy by 2030 but its rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said on Thursday.
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Mon, Jun 24, 2024
In its economic outlook for Asia Pacific, S&P Global Ratings said India's economic growth continues to surprise on the upside with the economy growing 8.2 per cent in fiscal year 2023-24.
Mon, Jan 15, 2024
On January 12, S&P Global Ratings downgraded debt-laden Vedanta Resources Ltd to 'selective default' after the mining conglomerate concluded a deal with creditors to extend the maturities of its three dollar bonds.
Tue, Dec 05, 2023
India is poised to become the world's third-largest economy by 2030 with an estimated 7 per cent GDP growth in 2026-27, according to a S&P Global Ratings forecast released on Tuesday.
Sat, Apr 29, 2023
Axis Bank - a private lender - on Thursday announced wider-than-expected losses for the March quarter of the financial year 2022-23 owing to the takeover of Citi Group.
Wed, Apr 26, 2023
As per S&P ratings, a BB grade is less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions.
Mon, Nov 28, 2022
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).
Tue, Nov 22, 2022
The US-based agency said India's robust economic growth should support borrowers' creditworthiness and Axis Bank's weak loans, or nonperforming loans, could decline to 2.5-3 per cent of total loans by end-March 2023, from 3.7 per cent as of March 31, 2022.
Sat, Nov 19, 2022
While the government-owned State Bank of India (SBI) and leading private banks have addressed their asset quality challenges, the same cannot be said about many other Indian public sector banks (PSB), said S&P Global Ratings in its latest research report on the global banking scene.
Thu, Oct 13, 2022
According to S&P Global Ratings, it has developed a downside scenario taking into account the increasing risks and the potential for materialization, with a roughly one-in-three likelihood of occurring.
Thu, Aug 25, 2022
The rupee has depreciated about 7 per cent against the US currency this year but has performed better than its emerging market peers.
Thu, Jul 21, 2022
It also said India's economic growth prospects should remain strong over the medium term, with GDP expanding 6.5-7 per cent annually in fiscal years 2024-2026.
Thu, Jan 27, 2022
Banking heavyweight Axis Bank shares surged almost 10 per cent in the last two sessions on the back of multiple triggers – robust Q3 numbers and global rating agency has also upgraded the outlook.
Tue, Nov 30, 2021
S&P Global Ratings on Tuesday kept India's economic growth forecast in the fiscal year to March 2022 unchanged at 9.5 per cent but raised its predictions for the subsequent year on broadening out of the recovery.
Thu, Oct 21, 2021
S&P Global Ratings has upgraded ratings of five companies of the Tata group including Tata Steel, Tata Motors and Jaguar Land Rover (JLR).
Fri, Oct 26, 2018
Despite the reduction in leverage, S&P said it continues to see risk of a downgrade if the business performance of Bharti does not improve in line with our expectation over the next 12-18 months, such that the ratio of funds from operations to debt remains below 20 per cent, it said.
Wed, Jan 18, 2017
"While Indian companies are better placed than their global peers, we believe their ability to manage capital expenditure and quickly adjust to ongoing structural reforms in the country is crucial," S&P Global Ratings credit analyst Abhishek Dangra said.
Mon, Nov 28, 2016
The agency reaffirmed its 'A-3' short-term issuer credit rating on State Bank of India.
Tue, Oct 11, 2016
The rating agency had last month projected India to clock a "steroid-free" growth of 8% in coming years.
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