Ratings Upgrade

YES Bank stock rallies 8% on Moody's rating upgrade to 'positive'

Moody's outlook revision was on expectation of a gradual improvement in YES Bank's depositor base and lending franchise, which will help improve its core profitability over the next 12-18 months.

Glenmark Pharma soars 10% after S&P Global upgrades outlook to positive

The rating agency expects Glenmark to significantly reduce debt on completion of the GLS sale and maintain healthy earnings.

Moody's cuts 10 US banks on back of mounting funding costs, office exposure

"Collectively, these three developments have lowered the credit profile of a number of US banks, though not all banks equally," it wrote in some of the assessments

Tata Power surges 10% in 3 days on positive outlook; stock nears 52-wk high

The base and peak demand is expected to maintain growth at above long-term trajectory during FY24 driven by higher industrial and commercial activities, digitalization and electric transportation.

YES Bank soars 35% in 3 months; stock at 20-month high on improved outlook

In August, CRISIL upgraded the rating on Tier-II bonds (under Basel III) and Infrastructure Bonds of YES Bank to 'CRISIL A-' from 'CRISIL BBB+' and revised its outlook to 'Positive' from 'Stable'

Orient Bell zooms 18% on upward revision in credit ratings by Crisil

The company said the growth in the tiles market will continue to be driven by growth in real estate and housing sector, rise in disposable income, growth in renovation & remodelling activities.

JP Morgan sees RIL at Rs 3170 in a year; upgrades stock to overweight

The brokerage firm cites a positive earnings revision cycle ahead, given the strong refining and gas environment, for the ratings upgrade.

Regulators on guard to stave off a potential sovereign rating downgrade

Trimming of India's sovereign ratings to the lowest investment grade by Moody's Investors Service has triggered the move

Developing nations must make strong case for ratings upgrade: NDB's Kamath

Developing countries including India need to make a strong case for credit ratings upgrade and ensure that their voice is heard by the global agencies, NDB President K V Kamath said. He also said that work is underway on setting up a credit ratings agency on the BRICS grouping (Brazil, Russia, India, China and South Africa) but its utility would depend upon the way its ratings are accepted globally. India has often criticised methodology used by rating agencies like Moody's and S&P which have pegged the country's rating at a lower level at BBB-, despite dramatic improvement in growth and macro-economic stability since 2014. "We (India) should make a strong case (for rating upgrade). The developing countries will have to make a strong case for where they are and how they should be looked at. "...In our context, the BRICS need to ensure that our voice is heard. So there is a case for a strong statement to be made individually or jointly in the this context," he told PTI. Last .

Ratings agencies several notches behind India's reality: Shaktikanta Das

India was last upgraded by ratings agencies almost a decade back