Standard And Poor’s

US equities have outperformed global peers this year, with the S&P 500 Index rising 17 per cent

Optimistic outlook of companies bodes well for growth prospects, says S&P Global survey

In July, the consumer price index based retail inflation spiked to 15-month high of 7.44 per cent in July, with specific food commodities mainly driving the increase

Bangladesh's external vulnerabilities are rising, marked by sustained pressure on its foreign exchange reserves despite a material decline in the country's current account deficit

Reform momentum is likely to pick up only after the Lok Sabha elections next year and a little bit of boost to the expenditure in an election year would not adversely impact India's fiscal deficit target, S&P Global Ratings Director Andrew Wood said on Wednesday. "Our expectation is major reforms in the country are probably unlikely right up to the election cycle and until 2024 Parliamentary elections are over. After that perhaps, reform momentum could pick up, particularly if there is a very strong mandate for the next government," Wood said. S&P anticipates that the central government will meet its modestly lower fiscal deficit target and also state governments will be consolidating their finances gradually overtime. "Even if we see a little bit of boost to the expenditure in an election year, in the run up to the elections, revenue growth also remains healthy in India and that has been supporting the gradual pace of fiscal consolidation," Wood said. He was replying to a ...

More severe conditions could put pressure on its sovereign credit ratings, says agency

Deficits resulting from spending on socio-economic programmes constrain ratings for the state: Agency

Negative ratings momentum could result in jurisdictions where the entire industry suffers serious data breaches repeatedly, or where regulators are particularly lax, the agency said

S&P Global Ratings on Monday projected India's economic growth at 7.3 per cent in the current fiscal with downside risks and said inflation is likely to remain above RBI's upper tolerance threshold of 6 per cent till the end of 2022. In its Economic Outlook for Asia Pacific, S&P said India's growth next year will get support from domestic demand recovery after the coronavirus pandemic. "We have retained our India growth outlook at 7.3 per cent for the fiscal year 2022-2023 and 6.5 per cent for the next fiscal year, although we see the risks tilted to the downside," it said. Other agencies have cut India's GDP growth forecast amid higher inflation and rising policy interest rates. Earlier this month, Fitch Ratings slashed the growth estimate to 7 per cent for the current fiscal from 7.8 per cent pegged earlier. India Ratings & Research too had reduced its projections to 6.9 per cent from 7 per cent earlier. Asian Development Bank has cut the projection to 7 per cent from ...

The rating agency also affirmed the short-term issuer credit rating 'A-3' and maintained stable outlook for the rating

Manappuram, Muthoot not facing refinancing challenge yet

Bangladesh has an elevated current account deficit and declining foreign exchange reserves, said the rating agency.

ANI Technologies Pte Ltd is scaling back its growth aspirations in loss-making segments to reduce capital requirements

The global economic slowdown poses fresh risks to Pakistan's post-pandemic recovery

Country misses Sovereign Bond interest payments

Renewables are economically competitive with traditional fuels and benefit from ambitious energy-transition targets in India

Suspension of external debt servicing by country triggers action

The lack of improvement in risk management and corporate governance in the coming growth cycle could produce a new crop of sour loans, the rating agency said

The outlook is stable reflecting the view that Glenmark will maintain its financial policy such that its FFO-to-debt ratio will remain comfortably above 30%, S&P said

Big institutions are still paying a decent premium to hedge the S&P 500 Index compared with how tranquil the benchmark has actually been lately