S&P Global Ratings

System has strengthened credit discipline and tilted resolution process in favor of creditors, says agency

The headline HSBC purchasing managers index (PMI) figure, compiled by S&P Global, for November fell sharply to 56.6 from 59.2 in October

Tata Motors will likely maintain its dominant share in India's commercial vehicle (CV) market, with support from India's economic growth, and favourable infrastructure and construction spending.

S&P Global Ratings on Monday projected India's economy to grow 6.5 per cent in the current fiscal year and 6.7 per cent in the next, saying tax cuts and monetary policy easing will give a boost to consumption-driven growth. India's real gross domestic product (GDP) is estimated to have grown at the fastest pace in five quarters at 7.8 per cent in the April to June period of current fiscal year. The official data for Q2 (July-September) GDP growth estimates is scheduled to be released on November 28. "We anticipate that India's GDP will grow by 6.5 per cent in fiscal year 2026 (ending March 2026) and 6.7 per cent in fiscal 2027, with risks evenly balanced. Domestic growth remains robust, driven by strong consumption, despite the impact of US tariffs," S&P said in its Economic Outlook Asia-Pacific report. The RBI has projected India's GDP growth in the current fiscal year at 6.8 per cent, better than 6.5 per cent expansion in last fiscal year. S&P further said if India can ..

S&P Global Ratings has raised Bharti Airtel's ratings to 'BBB' on expectations that the telco's earnings growth will remain robust over the next 24 months fuelled by Indian operations, subscriber adds and user revenue lift. The outlook for the Indian operations stems from expectations of 2 per cent to 4 per cent of annual subscriber additions and average revenue per user (ARPU) growth of 6 per cent to 8 per cent in the same period, a fall out of upgrades to higher-priced plans and higher data consumption. S&P Global Ratings has raised its long-term issuer credit ratings on Bharti Airtel to 'BBB' from 'BBB-'. "At the same time, we raised our ratings on the senior unsecured debt the company issued or guarantees to 'BBB' from 'BBB-', and the ratings on its subordinated perpetual securities to 'BB+' from 'BB'," it said. The positive outlook reflects S&P Global Ratings' view that Bharti Airtel's continued deleveraging, and a correspondingly supportive leverage tolerance, could .

Bharti Airtel stock rose 2% on Tuesday; S&P Global Ratings forecast the Airtel's India operations' reported EBITDA will triple in fiscal 2026, compared with a decade ago.

The agency cited Airtel's rising ARPU, robust India operations and continued deleveraging for the upgrade, while noting rising debt at Bharti Telecom even as shareholder returns are set to increase

S&P Global Ratings expects unsecured retail loan stress to crest in FY26 as controls tighten, even as global uncertainty and delayed private capex may weigh on India's loan growth

S&P Global report states that two-thirds of the total additional cost will be passed on to the consumers via higher prices, while one-third ($315 billion) is absorbed internally through lower earnings

India is poised to become the next major player in the global petrochemicals industry, backed by a planned capital expenditure of USD 37 billion aimed at boosting self-sufficiency, S&P Global Ratings said in a new report. The report, 'First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply', warns that India's aggressive capacity expansion - following similar moves by China - will intensify oversupply pressures in Asia's petrochemical sector. India, the world's third-largest petrochemical consumer after China and the US, has historically relied on imports to meet domestic demand. But a shift toward self-sufficiency is underway, and S&P expects India to account for a third of global capacity additions by 2030. S&P Global Ratings, in the report, anticipates that India will stick with major investment plans to reduce import dependency on chemicals used in everyday goods, from plastic bags to auto parts. Overcapacity in Asia-Pacific petrochemicals ...

OECD expects global growth to soften in the second half of 2025 as front-loaded activity fades and higher tariffs in the US and China dampen investment and trade

According to S&P Global's assessment, the persistent uncertainty is delaying private investment decisions, and causing volatility in capital flows, financial markets, and currency exchange rates

S&P Global Ratings expects NBFCs to expand loan books at 21-22% in two years, outpacing banks' 11-12% growth, with India's household leverage set to rise to 31% by FY30

Market outlook: We believe the market will reward companies that consistently deliver strong earnings growth, regardless of whether they are large-cap, mid-cap, or small-cap, says Ajay Khandelwal

The continued normal monsoon, falling inflation, and the S&P Global Ratings upgrade also contributed to the market recovery despite the US tariff threats, said Chokkalingam

Changed rating expected to make overseas funding cheaper for Indian borrowers

The decision offers a glimmer of good news for Trump, who has pushed back against arguments that his historic program of tariffs will damage the US economy

In the past two trading days, L&T Finance shares have rallied 7 per cent after S&P Global Ratings revised the NBFC's stand-alone credit rating upward by one notch

Sensex gained 676 points and Nifty 246 as GST reform and S&P's sovereign rating upgrade boosted investor sentiment, lifting market cap of BSE firms by ₹6 trillion

Stock Market Highlights on Monday, August 18, 2025: Auto, consumer durables (mainly electronics) and realty stocks were the big winners in market today on talks of restructuring GST slabs.