Credit rating agency News

Terming Moody's much-awaited sovereign ratings upgrade as "positive inflection point", Sebi chairman Ajay Tyagi has said it is an acknowledgement that the reform measures being taken by government are in the right direction.

S&P Global Ratings on Wednesday cut Qatar`s credit rating by one notch to AA- and put it on watch for further downgrades after Gulf Arab states severed ties.

Mumbai: With the Reserve Bank of India (RBI) not altering policy rates, it will be only the transmission of monetary policy that would influence India`s economic development and credit profile, credit rating agency Moody`s Investors Service said on Wednesday.  

Continuing weakness in oil prices may impact remittances from Gulf countries into India, a report by domestic ratings agency Crisil said.

Global credit rating agency Moody's Investors Service on Friday said the merger idea mooted by State Bank of India (SBI) of six banks with itself would cost around Rs 16.6 billion ($250 million) and will have limited impact on its credit metrics.

Credit rating agency Moody`s Investors Service (Moody`s) on Friday said Tata Steel Ltd`s decision to restructure its British operations is credit positive but there is no immediate impact on its ratings.

Global credit rating agency Fitch Ratings on Thursday said a consolidated Indian banking structure would be a positive development in the long term.

SEBI is going to bring changes in the rules of credit rating agency

Natural gas prices in India are set by taking a volume-weighted annual average of that prevailing in the US, Britain, Canada and Russia.

Russia's central bank said Friday it would launch a new credit rating agency by the end of the year in an apparent bid to rival US firms that recently downgraded the country's sovereign debt.

Maintaining its outlook on India`s `Baa3` rating as stable, global credit rating agency Moody`s Investors Service said on Wednesday that an economic recovery along with fiscal improvement will be credit-positive.

The non-performing assets of banks will continue to act as a drag on the bank's credit quality, Moody's said.

Largest domestic credit rating agency Crisil Research on Thursday launched the country's first inflation indexed government securities index (Crisil IIGS Index), which will track the performance of a portfolio of inflation-linked government securities.

DBRS Ltd, the privately held credit rating agency that competes with Standard & Poor`s Financial Services LLC, Moody`s Corp and Fitch Ratings Inc, is exploring a sale, according to people familiar with the matter.

The Crisil covered 600 companies excluding financial services and oil companies, representing 71 percent of the market capitalisation of India Inc.