Page 2 - Rating Agencies

India's GDP likely to grow at 10-10.5% in FY2022: Brickwork Ratings

Brickwork Ratings revised its growth estimate for the country's gross domestic product

FinMin officials to meet global rating agencies next week, may seek upgrade

The ministry plans to present the economic recovery in the aftermath of the pandemic in support of its demand for rating upgrade

Top headlines: India may seek a ratings upgrade; Infy updates on I-T portal

Business Standard brings the top headlines of the day

Rating upgrade unlikely over 18-24 months for Hyderabad Airport: Moody's

Affirms ratings; retains negative outlook

Delay in equity raising may affect PNB HFC's growth: Rating agencies

India Ratings said capital infusion was critical in providing adequate buffers for growth and mitigate any possible asset-side stress

Moody's assigns 'Ba3' rating to HDFC Bank's AT1 dollar-denominated bonds

Country's largest lender State Bank of India has already raised capital through AT1 bonds from global markets

Rating firm Icra Q1 consolidated net profit surges 43% to Rs 24.34 crore

Rating firm Icra on Wednesday reported a 43 per cent jump in its consolidated net profit to Rs 24.34 crore for the first quarter ended June 30.

Crisil chief Ashu Suyash to quit after 6 yrs at helm; to start new venture

Amish Mehta to take over as new CEO on October

Liquidity buffer of NBFCs has improved over last year, says Crisil

But the pace of improvement in collection efficiency, the third of the wave of the pandemic, and access to funds need to be closely monitored, rating agency says

Rating agencies come together to represent Indian rating industry

Currently, there are seven credit ratings agencies registered with SEBI

Covid impact: S&P slashes India's GDP growth forecast to 9.8% for FY22

S&P Global Ratings on Wednesday slashed India's GDP growth forecast for the current financial year to 9.8 per cent saying the second COVID wave may derail the budding recovery in the economy and credit conditions. The US-based rating agency in March had a 11 per cent GDP growth forecast for India for the April 2021-March 2022 fiscal on account of a fast economic reopening and fiscal stimulus. S&P, which currently has a 'BBB-' rating on India with a stable outlook, said the depth of the Indian economy's deceleration will determine the hit on its sovereign credit profile. The Indian government's fiscal position is already stretched. The general government deficit was about 14 per cent of GDP in fiscal 2021, with net debt stock of just over 90 per cent of GDP. "India's second wave has prompted us to reconsider our forecast of 11 per cent GDP growth this fiscal year. The timing of the peak in cases, and subsequent rate of decline, drive our considerations," said S&P Global ...

Fitch affirms India's rating at 'BBB-'; outlook negative due to Covid surge

A resurgence in Covid-19 in the country has increased downside risks to growth

Negative outlook list may get longer, Q1 biz to be hit: Rating agencies

In February, things seemed to be coming under control with vaccination, giving the impression the system would cope with the pandemic

Budget's transparency on numbers to enthuse rating agencies: SBI economists

The budget redefines fiscal rules because it adds off-balance sheet items to the headline deficit, a note said adding that consolidation of finances is a pragmatic move

Like Bollywood, rating agencies underrate emerging faces: CEA Subramanian

Fiscal expansion, as suggested by the Economic Survey, will be funded by disinvestments, borrowing and both direct and indirect tax receipts, he says

Economic survey 2020-21: Forget rating agencies, spend without fear

Government spending becomes imperative at the time of excessive risk aversion in the private sector

Despite Covid-19, ratio of rating upgrades to downgrades improves

According to SBI EcoWatch, only 15-20 per cent of firms may request for a debt rejig

Rating firms rework their India FY21 GDP forecasts with sharper contraction

Impact on wages to severely dent consumption and decelerate recovery, says India Ratings

Top headlines: Rating firms cut GDP forecast, hiring outlook at 15-year low

Global rating and research houses, such as Fitch and Goldman Sachs, have cut their estimates for growth in India's GDP for the current fiscal 2020-21.

India must look beyond what rating agencies think, says Raghuram Rajan

RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones, he says