S&P Global Ratings

S&P Global Ratings says Indian IT services companies must invest in AI, protect recurring business and deepen GCC partnerships to counter rising competition from AI-native firms

S&P Global Ratings assigned the private sector lender a BBB-/Stable long-term issuer credit rating, recognising its franchise strength, capitalisation and financial resilience

India's hydropower generation fell by 6.3 GW year-on-year in June 2026 as El Niño affected rainfall, with higher coal-fired generation offsetting much of the shortfall, S&P Global said

S&P Global Ratings was the first major credit grader to strip the US of its AAA rating in 2011 and was harshly criticized by the US Treasury at the time

The rating agency expects higher inflation, a possible RBI rate hike and slower economic growth amid energy market disruptions and below-normal monsoon conditions

The decision comes as Space Exploration Technologies Corp., as it's formally known, prepares to start trading June 12

S&P Global said India requires a comprehensive energy storage policy to tackle supply disruptions amid high dependence on crude oil, LNG and LPG imports

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Monday met Dave Ernsberger, President of S & P Global, and discussed global energy trends, supply resilience, and India's ongoing transition towards sustainable energy sources.In a post on X, Puri said, "Had a productive meeting with Dave Ernsberger, President, S & P Global. Our discussions centered on the demand supply situation in global energy markets and ways to build resilient energy supply chains. India is moving aggressively on Green Hydrogen, biofuel blending, and a range of alternative fuels, while simultaneously accelerating domestic exploration and production efforts."He added that these initiatives are aimed at building "a resilient, sustainable, and future-ready energy ecosystem for the nation," highlighting India's dual approach of strengthening conventional energy production while expanding clean energy alternatives.Earlier, Pushkar Singh Dhami met Puri at Kartavya Bhavan in New Delhi and raised .

S&P Global says crude at $130 per barrel could slow India's growth, widen fiscal deficit, raise inflation and strain corporate and banking sector performance

India's robust macroeconomic and financial sector fundamentals are likely to cushion the impact of a sustained oil price shock, though economic growth could slow by up to 80 basis points if crude averages USD 130 per barrel in 2026, according to S&P Global Ratings. Under its stress scenario, corporate earnings before interest, tax, depreciation and amortisation (EBITDA) could decline 15-25 per cent in FY27, with leverage rising by 0.5x-1x, while banking sector asset quality may weaken, pushing bad loans to around 3.5 per cent. "India isn't immune to the shocks reverberating from the Middle East war. The pain of higher energy prices and supply disruptions may persist for months, crimping economic activity across households, corporations, and banks," S&P Global Ratings said in a report. However, strong corporate balance sheets, well-capitalised banks and a resilient external position provide buffers against the impact. S&P Global Ratings assumes Brent crude at USD 130 per ..

Historic release of strategic oil reserves may only partly ease global supply disruption if the Strait of Hormuz remains closed, as the oil market remains severely unbalanced

The HSBC flash India Manufacturing PMI rose to 56.8 in January from 55 in December

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