Page 5 - S&p Global Ratings

SoftBank spent $570 mn to buy back shares in May under repurchase programme

The buyback programme has caused jitters at credit rating agencies, with S&P Global Ratings saying on Thursday it puts SoftBank's financial rigour in question

Coronavirus pushes global credit rating downgrade threat to record high

A total of 1,287 of S&P's ratings are now on a downgrade warning

S&P lowers Future Retail's issuer credit rating from 'B-' to 'CCC-'

Operating cash-flows to stay weak for two months

Covid-19 impact: S&P slashes India's FY21 growth forecast to 1.8%

S&P expects India's growth to bounce back in FY22

Coronavirus impact: S&P lowers Tata Steel rating from 'BB-' to 'B+'

The negative outlook reflects risks of further weakening in Tata Steel's credit profile if the effect of economic conditions and lower commodity prices are more prolonged than current expectations

Coronavirus crisis to hit Indian, Chinese, Indonesian banks hard, says S&P

The credit cost, amounts set aside for bad and stressed loans, for the Indian banking system will rise to 2.8 per cent in 2020-21, from the previous estimate of 1.5 per cent, S&P said in a statement.

Covid-19 impact: S&P downgrades Tata Motors ratings, keeps outlook stable

The ratings agency further said it views positively the management's focus on conserving cash amid the changes in operating conditions

S&P lowers India's growth forecast to 5.2% for 2020 amid Covid-19 pandemic

S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar. Asia-Pacific economic growth in 2020 will be more than halve to less than 3 per cent as the "global economy enters a recession", S&P said in a statement. An enormous first-quarter shock in China, shutdowns across the US and Europe, and local virus transmission guarantees a deep recession across Asia-Pacific, said Shaun Roache, chief Asia-Pacific economist at S&P Global Ratings. "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 per cent (from 4.8 per cent, 5.7 per cent, and -0.4 per cent previously)," S&P said. On Tuesday, Moody's Investors Service had lowered India's economic growth forecast for 2020 to 5.3 per cent (from 5.4 per cent), in the wake of the .

Are we heading towards a global recession? Here's what top brokerages say

Analysts fear that the impact this time would be deeper than that of the 8-month long economic downturn in 2001 and the one in early 1990s

Confident of economic recovery, S&P keeps India's rating at 'BBB-'

Says fiscal position weak, but sees strong growth prospects over 2-3 years

S&P affirms India's rating at 'BBB-', fiscal position remains precarious

The rating agency sees growth recovery over two to three years

S&P retains India's rating at 'BBB-', says fiscal position precarious

Fiscal deficits have exceeded the government's plan, S&P said, adding it expect limited consolidation over the next few years

Climate stress-tests, robo-cars and more in 2020

Changing weather patterns and urgent need to cut down emissions drastically will dominate discussions

Top 10 business headlines: Tax mop-up contracts, BPCL stake sale and more

From cars to cost more in new year, Sebi giving time to six brokers to wind up clients to NTPC planning to expand in its renewables capacity, Business Standard bring you the top headlines of the day

S&P reaffirms India's sovereign rating at BBB- with a stable outlook

S&P's reiteration of India's rating and outlook is good news for the government as it fights multiple fires on the economic front

S&P upgrades Ireland's debt rating even in face of Brexit risks

The nation's economy grew at a pace of 5.8 per cent year-over-year in the second quarter of 2019 and data for the third quarter are due in December

Irish economy to remain attractive even if Brexit deal doesn't happen: S&P

"The government has amassed substantial fiscal buffers to offset the risk of an external shock, such as a sudden falloff in corporate tax receipts or a no-deal Brexit," S&P said in a statement

Moody's cuts India's credit outlook to negative; govt not convinced

Outlook downgrade comes 2 yrs after ratings upgrade. Govt says fundamentals remain strong

Amazon found selling clothes from factories other retailers blacklist

After a deadly 2013 factory collapse, most big US apparel companies agreed to steer clear of dangerous plants in Bangladesh. Not Amazon.

Rising risk of contagion in India's financial sector, cautions S&P

A recent contagion analysis released by the Reserve Bank of India (RBI) suggested that the failure of any top-five HFC or NBFC could result in the default of up to two banks