Standard and Poor's News

Pinning faith in India's progress on the economic front, Moody's Investor Services on Friday upgraded the country's ratings for the 1st time since 2004.

The rating has been lowered from 'cnA-' to 'cnBBB+' , Standard and Poor's said in a statement.

Expressing concern over slowdown in the pace of reforms, Standard & Poor's has said India's rating could come under stress if government fails to pursue reforms agenda and overshoots fiscal deficit target.

VW has already said it will set aside 6.5 billion euros (USD 7.4 billion) in provisions in the third quarter.

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.

Flagging off "developing challenges" from the ground, global rating agency Standard and Poor's Thursday said a policy logjam and "red tape" have hindered investments in India.

Standard and Poor`s on Wednesday cut its long-term credit rating for Greece by one notch to CCC+, a level at which borrowers are considered as being vulnerable to default, saying it needs further reforms and help.

"We expect capital spending in India will continue to fall in fiscal 2016 despite its economy being one of the few bright spots in Asia-Pacific," it said.

Rating agency Crisil today announced Ashu Suyash as its next Managing Director and CEO with effect from June 1.

The top credit rating agencies piled more pressure Friday on Greece as the country scrambles to negotiate a new debt deal with its European creditors.

Standard and Poor`s has lowered the outlook for the world`s top oil exporter Saudi Arabia to stable from positive and its Gulf partner Oman to negative on sliding oil prices.

State Bank of India (SBI) on Saturday said international rating firm Standard and Poor's decision to upgrade its outlook to 'stable' from 'negative' reflects the top government lender's inherent strengths.

Confident of a rating upgrade, Finance Secretary Arvind Mayaram on Friday said growth rate in the current fiscal will be in range of 5.5-5-9 percent, exceeding Standard and Poor's estimate of 5.5 percent.

Welcoming Standard and Poor's (S&P) move to revise the country outlook to stable from negative, market experts on Friday said the country is entering into faster than expected growth mode.

The agency frequently updates its credit rating.

"That the market is going up in low volatility is good for investor sentiment," said Doug Coté, chief market strategist at Voya Investment Management in New York.