Sovereign Credit Profile
Moody's retains India's sovereign credit rating at Baa3 with stable outlook
As per the release, India's sovereign ratings has been retained by Moody's at Baa3 with a stable outlook
 "Moody's retains India's sovereign credit rating at Baa3 with stable outlook")
Why pruning general debt to 66% of GDP over next 5 years looks unachievable
An RBI report says even in the best case scenario, general govt debt may not dip below 75% of GDPl and if there are events, it may in fact rise to 90% of GDP by 2026-27
 "Why pruning general debt to 66% of GDP over next 5 years looks unachievable")
World's biggest pension fund won't buy China sovereign debt: Report
The decision comes as FTSE Russell is set to start adding Chinese debt to its benchmark global bond index, which the GPIF follows, from October
 "World's biggest pension fund won't buy China sovereign debt: Report")
Slow vaccination weighs on recovery of A-Pac sovereign credit metrics: S&P
S & P Global Ratings expects most Asia Pacific sovereign credit ratings to remain unchanged in the next one to two years despite continued pressures posed by Covid-19."We have stable outlooks on more than two-thirds of 21 long-term sovereign ratings in the region currently," it said in a report published on Wednesday.Covid-19 vaccines rolled out in several countries from late 2020 have helped to reduce pandemic-related uncertainties on the trends of economic and fiscal indicators.The better clarity has allowed a few positive rating actions on governments that showed strong credit metrics for their respective rating levels at the beginning of the year."We expect much of Asia Pacific to return to relatively strong economic performance once the region has Covid-19 under control," said the report."Many parts of the region have been significantly affected by the pandemic and have seen sharp economic contractions in 2020. However, we believe the episode has not seriously damaged their ..
 "Slow vaccination weighs on recovery of A-Pac sovereign credit metrics: S&P")
63 nations to see ratings downgrades by 2030 for ignoring climate change
The US grade would drop by two notches, and as much as three levels for Germany, India and the Netherlands.
 "63 nations to see ratings downgrades by 2030 for ignoring climate change")
Climate-change linked downgrades could cost countries $270 billion-a-year
The estimates comes amid warnings by policy makers from around the world that financial markets are underpricing the risk of climate change on asset prices, with potentially costly future corrections
 "Climate-change linked downgrades could cost countries $270 billion-a-year")
Higher deficit shouldn't put pressure on India's sovereign rating: DEA Secy
India's sovereign rating should not come under pressure due to surge in fiscal deficit which was mainly on account of higher expenditure to deal with the C-19 pandemic, said Economic Affairs Secretary
 "Higher deficit shouldn't put pressure on India's sovereign rating: DEA Secy")
Amid global crisis, Moody's rates TCS, Infosys, RIL above the sovereign
Moody's Investors Service has rated Tata Consultancy Services, Infosys and Reliance Industries above the sovereign for their strong financials and significant global earnings
 "Amid global crisis, Moody's rates TCS, Infosys, RIL above the sovereign")
Fitch downgrades India's sovereign credit rating outlook to negative
Retains ratings at lowest investment grade
 "Fitch downgrades India's sovereign credit rating outlook to negative")
Large stimulus may attract sovereign rating downgrade, say experts
Debt of Centre and states combined is over 70% of GDP already; country is currently just a notch above junk
 "Large stimulus may attract sovereign rating downgrade, say experts")
Strong finances, low debt to cap sovereign risks from rupee fall: Fitch
There is a downside to the fall in the value for the corporate and banking sector and it will add to existing pressures in the corporate and banking sectors
 "Strong finances, low debt to cap sovereign risks from rupee fall: Fitch")
