Diabytes
S&P ratings News
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In a good news for India, Fitch Ratings said on Wednesday (June 10) that Indian economy would register a sharp growth rate of 9.5 per cent next year if it manages to avoid further deterioration in its financial sector.
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Ratings firm Standard & Poor`s will pay $1.5 billion to resolve a series of lawsuits over its ratings on mortgage securities that soured in the runup to the 2008 financial crisis, the company said on Tuesday.
The government said this 'good news' has come in the backdrop of significant improvements in macro-economic scenario of the country.
The Indian Banks Association (IBA)on Friday said it will help lenders' cost of funds by softening rates at which they borrow internationally.
S&P's has affirmed the 'BBB-/A-3' sovereign credit rating on India.
The improvement in outlook of RIL, TCS, ONGC, NTPC, NHPC and PGCIL follows S&P's revision in the sovereign credit outlook for India, S&P's said in a statement.
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