Page 4 - Credit Rating Agencies

India's forex reserves near $500 bn, but RBI won't let rupee rise: Experts

Analysts say the central bank is enhancing reserves to guard against a likely downgrade in India's credit rating or to ensure a bigger transfer of surplus to the revenue-starved government

RBI asks rating agencies to use social media, AI to catch stress signals

Rating agencies meet RBI top brass, seek access to Central Repository of Information on Large Credits (CRILC) maintained by central bank

Rating rationale

India must walk the talk on deep structural reforms

Moody's rating downgrade unlikely to rattle markets, say experts

'It was expected that Moody's would align back India's rating with Fitch and S&P'

Moody's cuts India's rating to 'Baa3', maintains negative outlook

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

Coronavirus pushes global credit rating downgrade threat to record high

A total of 1,287 of S&P's ratings are now on a downgrade warning

Sebi eases 90-day curing period norm for defaulting firms post-downgrade

Raters can move company to speculative grade on case-by-case basis

Indian firms getting downgraded like never before; credit markets at risk

Ratings have been cut for 847 companies

Rating disruption due to moratorium will pinch markets: Raters to Sebi

Extension of moratorium also discussed with Sebi

India Inc grapples with rising rating downgrades, revisions in outlook

Domestic rating agency CARE revised outlook on rating for Tata group-owned Indian Hotels Company Ltd from "stable" to 'negative'

RBI, Sebi split over default recognition; MFs, rating agencies seek clarity

In the absence of clarity, NBFCs are staring at huge repayment obligations at a time when their liquidity cover is declining

Don't consider repayment delays as default: Sebi to credit rating agencies

The relaxation has been extended till the period of moratorium given by the RBI

Covid-19 won't impact credit rating of pharma firms for now: Ind-Ra

If the disruption spills beyond the next 9 to 12 months, some of the higher rated corporates could face downward pressure

Rating downgrades slip to 15-month low in Jan as incremental risks decline

Market participants say full recovery from credit risks can take more time

Rating agencies move RBI, Sebi over new rule on loan default disclosures

Sources said CRAs highlighted the differential disclosure norms for bond and bank-loan defaults could lead to information asymmetry and affect the rating process, leaving scope for manipulation

Credit rating agencies in focus; CARE Ratings surges 19%, ICRA 10%

Most of the credit rating agencies had reported de-growth in their operational revenue during the first half of financial year 2019-20 (FY20).

RBI blasts credit rating agencies for allowing 'rating shopping'

After getting it badly from markets watchdog Sebi, credit rating agencies (CRAs) whose role in the bad loan implosion has been under scrutiny for years now, the Reserve Bank has blasted them for allowing low-rated companies to do "rating shopping". It can be noted that rating agencies have been largely blamed for their lax policies and oversight for the 2008 global financial crisis, which primarily spawned from junk-type mortgage bonds and their derivatives worth trillion of dollars that the Wall Street bankers invented and hawked across the globe to get AAA ratings and finally imploded. Back home, a fortnight before IL&FS went belly up in September 2018, rating agencies India Ratings, Icra and Care had given its debt papers AAA/AA+ ratings. This finally had the Sebi last Friday penalising Icra, Care and India Ratings Rs 25 lakh each for their "lapses in their duty to investors by not taking timely action" when they rated NCDs of IL&FS which owes close to Rs 1 lakh crore to ...

RBI raises concerns about companies shopping around for favourable ratings

Non-disclosure of indicative ratings by agencies makes it difficult to identify such instances, according to the FSR

RCEP offer 'was not as much as our aspirations', says FM Sitharaman

She also said that she held discussions with credit rating agencies on their methodology to assess risk

Sebi tightens governing norms for rating agencies; CEOs can't be on panel

The latest steps are to reduce conflict of interest situations at Credit rating agencies