Standard & Poor's

The euro fell by as much as 0.6 per cent to a one-month low of $1.0733 and hit a 21-month trough against sterling of 84.49 pence

This transition is not expected to change ratings on these banks

Major central banks likely to increase pace of tightening to combat inflation; US Fed has already raised its policy rate twice until May, and S&P expects five more hikes in 2022

At the same time, the rating agency affirmed 'C' short-term credit rating

From the hypocrisy reflected in the global response to the Pandora papers to the strategies that India can adopt to achieve net-zero emissions, here's what Business Standard columnists and editorials had to say this week

The impact of broader lockdowns on the economy could be substantial, depending on their length and scope, S&P said in a statement

India faces a permanent loss of output versus its pre-pandemic path, suggesting a long-term production deficit equivalent to about 10 per cent of GDP

Strong operating momentum and sizable free cash flow generation at Vedanta Ltd also improve liquidity at the holding company level

Growing debt; weakening counter parties driving risks

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

It assessed that impact of the rising Covid-19 cases on private spending and investment will be for a longer period than what was expected earlier

Experts say comfortable capital levels, strong market position positive for both

India must walk the talk on deep structural reforms

All that happened in the markets today

The change brings Moody's rating into line with Fitch and Standard and Poor's, both of which rate India BBB-, although they assign stable rather than negative outlooks

Its parent Standard & Poor's has (S&P) forecast the world economy to contract 2.4 per cent, against its earlier estimates of 0.4 per cent growth.

The interest payment was due on February 1, 2020, and the 30-day grace period ended on March 3, 2020, S&P said in a statement

Moody's upgraded India's rating to Baa2 from Baa3 on November 16

Instead of complaining, Indian government and bureaucracy should be focussing on the reasons the agencies are pointing at for not raising the rating

Banks in India and China will continue to face pressures on their asset quality, profitability over next 12-24 years, report said