S&p Ratings

S&P Global Ratings to answer questions on Adani Group in coming months

S&P Global Ratings will be answering many questions about India-based Adani Group in the coming months, the credit rating agency said on Wednesday.

Indian banks gave highest returns in Asia Pacific region: S&P Global report

According to the report, the Punjab & Sind Bank had posted a returns of 118 per cent while the Jammu and Kashmir Bank gave 104.69 per cent

Nov services PMI at a 3-month high of 56.4 thanks to new biz expansion

The headline figure has been in the expansion zone for the sixteenth consecutive month since August 2021

Growth in India, China, Indonesia will be less affected: S&P Global Ratings

Growth in large Asia Pacific economies like China, India and Indonesia will be less affected as their economies are more domestically oriented, said S&P Global Ratings on Thursday.

SBI least efficient in Asia-Pacific due to high cost-to-income ratio: Study

State-owned lender had the highest cost-to-income ratio, according to S&P Global Market Intelligence

Rising risk of Sri Lankan banks defaulting on their obligations: S&P

This trend is expected to persist until the Sri Lanka's external situation stabilises, which may take time, S&P said in a statement

Commodity surge could pressure RBI to normalise more quickly: S&P

MUMBAI (Reuters) - The Reserve Bank of India may feel pressure to tackle inflation sooner than it expected following a surge in global commodity prices, sovereign ratings analyst Andrew Wood of S&P Global Ratings said on Thursday.

S&P upgrades Tata Steel, Tata Motors, JLR ratings over Tata Sons' influence

The upgrades reflect the view that the credit profiles of the Tata Group entities are strengthened by their importance to Tata Sons, with potential for financial support

S&P Affirms Bangladesh's sovereign rating at 'BB-' as economy recovers

Bangladesh's economy is gradually recovering, although Covid-19 risks to fiscal and external metrics are likely to persist over the coming year

S&P upgrades Tata Steel's rating to BB- on deleveraging, operating momentum

In the base-case scenario, Tata Steel's adjusted debt could decline by about 30 per cent by March 2023 from the March 2020 level of about Rs 1 trillion

S&P assigns BBB-minus to Bharti Airtel's proposed senior unsecured notes

S & P Global Ratings on Tuesday assigned BBB negative long-term issue rating to senior unsecured notes that Bharti Airtel Ltd proposes to issue.At the same time, it assigned BB long-term issue rating to proposed subordinated perpetual securities (PERPS) issued by Network i2i Ltd and guaranteed by Bharti Airtel.Bharti Airtel will use the proceeds for capital expenditure, repayment of existing debt or any other purpose as allowed by regulations.The proposed PERPS are similar to the existing PERPS, ranking senior only to Bharti Airtel's equity. They will have five-year resettable coupons starting from 5.25 years with step-ups of 25 basis points after the initial term of 10.25 years and a further 75 basis points after 25.25 years."Hence, we consider the PERPS to have an effective maturity of 25.25 years," said S & P."Consequently, we assess the proposed PERPS as having intermediate equity content up to the first reset date at 5.25 years."This is because the remaining period until .

India must work to get rating upgrade in line with fundamentals: CEA

India will have to persistently make efforts for improvement in its sovereign rating by different global agencies in line with its economic fundamentals, Chief Economic Adviser K V Subramanian said on Saturday. The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals. "We have made the case very very forcefully (to rating agencies)...These changes happen over time. They don't happen instantaneously, but you have to continue making efforts," he told PTI in an interview. The Survey said sovereign credit ratings methodology must be amended to reflect economies' ability and willingness to pay their debt obligations, and suggested that developing economies must come together to address this bias and subjectivity inherent in sovereign credit ratings methodology. "Never in the history of sovereign credit ratings has the fifth largest economy in the

Tech adaption puts top Indian banks at low risk of digital disruption: S&P

Rising smartphone penetration and internet connectivity, and young, tech-savvy demographic segment present vast opportunities for existing banks and new players

S&P affirms Indian Bank's 'BBB-' rating, removes from CreditWatch

The Chennai-based public sector lender is expected to benefit from faster-than-expected economic recovery in India

As refinancing risks ease, S&P affirms Glenmark Pharma's 'BB-' rating

The rating agency has a stable outlook on Glenmark Pharma's rating and also removed it from 'CreditWatch'

Banks' collection efficiency may not sustain, says rating agency S&P

The unsuccessful auto-debit requests through the NACH platform is generally referred to as bounce rates.

Covid-19 impact: S&P downgrades Tata Motors outlook to negative from stable

The rating agency cites weaker than expected operating performance as the reason for downgrade

HDFC Bank has sufficient financial heft to withstand economic shocks: S&P

The bank, according to the rating agency, has ample capital buffers, as reflected in its Tier-I capital ratio of 17.7 per cent as on September 30, 2020

Second sovereign downgrade wave coming, major economies at risk: S&P Global

The rating agency has already downgraded or cut the outlooks on nearly 60 countries this year, but only relatively few have been higher-rated richer nations

Future Retail defaults on foreign bond coupon payment, faces S&P downgrade

Cites liquidity pressure, depressed operating cash flow, delays in disbursement of credit lines from banks