Standard & Poor's News

Standard & Poor's has kept its sovereign rating for the country unchanged.

S&P's today retained its outlook on India as stable. The S&P's report comes days after Moody's raised India's sovereign ratings The GoI has hailed the S&P's report as very satisfying

S&P has taken favourable view on reforms being undertaken. Stable outlook reflects S&P's view that over the next 2 years growth will remain strong. Moody's last week upgraded India's sovereign credit rating by a notch to Baa2.

International rating agency Standard & Poor's today downgraded IDBI Bank to 'BB' citing "very weak asset quality" but maintained a stable outlook on the state-run lender.

Like S&P, Fitch Ratings also rates India at 'BBB-minus', the lowest investment-grade, with a 'stable' outlook. Moody's Investors Service rates India at an equivalent 'Baa3', but with a "positive" outlook.

Indian banks' asset quality and capitalisation are likely to remain under pressure in the next 12 months mainly because of tepid industrial activity and high leverage by some corporates, Standard & Poor's said Tuesday.

The new price formula and calibrated marketing freedom for gas produced from fields in difficult terrain could help attract investments in India's oil and gas sector, said Standard & Poor's Ratings Services.

Standard & Poor's Ratings Services has put bonds issued by HDFC Bank and ICICI Bank in Bahrain under CreditWatch following lowering of the sovereign rating of the Gulf nation.

Capital requirements of PSU banks for provisioning of bad loans are likely to shoot up exposing them to possible downgrades, S&P said today as it trimmed outlook on Bank of India to 'negative' from 'stable'.

India will face challenges in sticking to the fiscal consolidation roadmap as the expected revenues may not be fully realised and subsidy cuts may be delayed, Standard & Poor's Ratings Services said.

Indian economy is less vulnerable to external shocks as it is mainly driven by household consumption and government spending, and not dependent on hot money which can move out quickly, Standard & Poor's Rating Services said Tuesday.

Rating agency Standard & Poor's (S&P) Wednesday downgraded steel major Tata Steel to 'BB-', a low investment grade rating, over persistent subdued operating performance amid subdued demand and low steel prices.

Global ratings agency Standard & Poor's (S&P) on Wednesday called for a multi-pronged strategy to help banks tide over asset quality issues, saying stronger economic growth and improvement in fiscal situation alone cannot resolve the crisis.  

Indian IT companies are likely to step up acquisitions to strengthen their competitive position and boost slowing growth, a report by Standard & Poor's Ratings Services said Tuesday.

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

India should benchmark its natural gas prices to similar gas-deficient nations instead of using rates prevalent in gas-surplus geographies like the US and Canada, says Standard & Poor's Ratings Services.  

Global ratings agency Standard & Poor's Ratings Services (S&P) has downgraded the rating for Tata Motors from 'positive' to 'stable' on account of slowdown in China and continuing capital expenditure at Jaguar Land Rover.

Rating agency Standard & Poor's Wednesday said completion of the proposed merger of Cairn India with Vedanta Ltd appears "uncertain".

Standard & Poor's on Wednesday said the government's plan to infuse capital into public sector banks is a "breather", but is unlikely to "fully resolve" their looming credit shortfall.

US credit ratings agency Standard & Poor's (S&P) has lowered its forecast for Brazil's foreign currency debt from stable to negative while maintaining the country`s long-term rating at BBB-.