Credit rating News

According to Crisil, NSE Clearing has a well-developed risk management system that is regularly upgraded to prevent any potential market failures.  

The regulator's move comes against the backdrop of rising instances of debt defaults and concerns over the role of credit rating agencies in assessing the possible risks.

Ratings agency Standard and Poor`s cut the credit rating for the European Union by one notch on Thursday saying that the bloc had grown more uncertain after Brexit.

Credit rating agency ICRA has upgrade the long term rating on term loans for SITI Cable Network Limited, an Essel Group Company to A- from BBB+ with a 'stable' outlook.

State development loan issuances and appetite has shown a rise as evident from the recent interest of foreign portfolio investors (FPIs).

Developers will not reduce price to boost sales, rather will continue with their strategy to reduce apartment size and offer freebies, Moody's Investors Service said.

India may avoid drought this year, but its economy remains vulnerable to fluctuations in annual rainfall, a factor that continues to constrain the country's sovereign credit, Moody's Investors Service said Tuesday.

Credit rating agency Fitch on Friday assigned a stable outlook to Adani Ports and Special Economic Zone (APSEZ).

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.

Standard & Poor`s on Tuesday raised Greece`s credit rating by two notches to CCC+ after the debt-laden country began paying billions of euros to its creditors and reopened its banks.

Global rating agency Standard and Poor's expects a stable trend in sovereign credit rating in Asia-Pacific nations, including India, despite growing economic uncertainties.

Moody's has cut its credit rating for Greece to a deep-junk "Caa3", warning it is now less likely that official creditors will support the country, whatever happens in Sunday's referendum.

The credit rating of Mukesh Ambani-owned RGTIL remains unaffected following the company refinancing its rupee loan, domestic agency Crisil has said.

The scheme allows banks to refinance or sell long-term project loans after every five years. For banks to avail such a facility, the loan tenor cannot be more than 25 years.

Fitch Ratings downgraded Japan`s credit rating by one notch after the government failed to take steps in this fiscal year`s budget to offset a delay in a sales tax increase, the agency said on Monday.

India's below normal monsoon is unlikely to impact credit rating, Moody's Thursday said while asserting that government policy action and reforms going forward will be key to an upgrade.

Ratings firm Standard & Poor`s cut Ukraine`s credit rating by one notch Friday due to its intentions to restructure its foreign debt.

Standard and Poor`s downgraded Greece`s credit rating on Friday to B-, just one notch above the range indicating vulnerability to a default, warning Athens had limited time to reach a deal on its massive debts with creditors.

Standard and Poor`s stripped Russia on Monday of its investment-grade rating, cutting it by one notch to `BB+` into speculative territory with a warning that growth prospects have weakened.

Global rating agency Fitch has retained 'BBB-' sovereign ratings of the country with a "stable" outlook and said rating revision depends on the new government's willingness to make difficult choices.