S&P

Manufacturers have 'abundant opportunities to keep powering ahead', says S&P Global survey

The Nasdaq joined the S&P 500 in the red, while defensive stocks helped buoy the Dow into positive territory, while 10-year Treasury yields extended their decline, touching levels last seen in Sept

S&P Global Ratings on Monday kept its forecast for India's economic growth unchanged at 6 per cent in the fiscal year starting April 1, before rising to 6.9 per cent in the following year. In the quarterly economic update for Asia-Pacific, S&P saw inflation rate easing to 5 per cent in 2023-24 fiscal, from 6.8 per cent in the current financial year. It saw India's gross domestic product (GDP) likely growing by 7 per cent in the current financial year ending March 31 (2022-23), before slowing to 6 per cent in the next 2023-24 fiscal. "India leads, with average growth of 7 per cent in 2024-2026," the update said. GDP is projected to rise to 6.9 per cent in the following two financial years -- 2024-25 and 2025-26 and rising to 7.1 per cent in 2026-27. "In India, domestic demand has traditionally led the economy. But it has become more sensitive to the global cycle lately, in part due to rising commodity exports; and its year-on-year GDP growth slowed to 4.4 per cent in the fourth

S&P also said Indian banks had sufficient buffers to withstand losses on their sizable government securities portfolio due to rising interest rates

S&P said AICTPL's debt is fully secured and has cash flow waterfalls that prioritise operating expenditure and debt service over distributions

Will closely monitor developments, including any investigations by the Indian regulators and any additional disclosures by the Adani group, S&P said in a statement

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According to the monthly Asia-Pacific Credit Focus, the govt will also look to cap subsidy expenditure in the upcoming year, against a surprise rise in FY23 owing to surging fertilizer and food prices

(Reuters) - Asia Index Pvt Ltd said on Friday Adani Wilmar Ltd will be dropped from the S&P BSE IPO index.

Sustaining after September 2023 would depend on completing one of two key transactions

S&P Global Ratings on Tuesday said core inflation in India has been declining sequentially, and an elevated 6.25 per cent policy rate limits the need for further rate hikes. The Reserve Bank has increased the short-term lending rate by 225 basis points since May last year to contain inflation, mostly driven by external factors, especially global supply chain disruption, following the Russia-Ukraine war outbreak. The policy rate now stands at 6.25 per cent. The RBI's rate-setting panel - Monetary Policy Committee (MPC) - will decide on the interest rate on Wednesday. "In India, core inflation has been elevated for longer; however, it eased sequentially in the second half of 2022. An already elevated 6.25 per cent policy rate limits the need for further increases," S&P said in a report. The RBI has been tasked to ensure that retail inflation remains at 4 per cent with a margin of 2 per cent. However, external factors have led retail inflation to remain above the upper tolerance .

Twitter's massive about $13 billion debt load was funded directly by banks led by Morgan Stanley when Musk's $44 billion acquisition of the social media giant closed

Says domestic demand recovery will support growth

The upgrade reflects Indian private lender's good asset quality and expectation that the bank will maintain it over the next one to two years

Much of corporate portfolio has dollar-linked revenue and is not exposed to rupee depreciation

S&P cut its rating one notch to BBB- and reduced its view on main operating unit Credit Suisse AG

S&P Global Ratings withdrew its rating for Adani Transmission Ltd., ending an assessment of barely investment grade at the company's request

More severe conditions could put pressure on its sovereign credit ratings, says agency

Greenko Energy Holdings' stabilising operating performance with greater resource diversity and manageable execution risk for pumped storage projects will strengthen its business position, S&P said

Moody's Investors downgrades global outlook for auto to negative from stable