Page 11 - S&p Global Ratings

Covid-19: S&P Global sees US, European corporate default rates doubling

LONDON (Reuters) - The COVID-19 shock will double company default rates across the United States and Europe over the next 9 months, ratings agency S&P Global said on Tuesday, although it noted that the record downgrade pace of recent months was now slowing.

S&P Global Ratings expects Indian economy to contract 9% in fiscal 2021

BENGALURU (Reuters) - S&P Global Ratings said on Monday that it was expecting India's economy to shrink by 9% in the fiscal year ending March 31, 2021, larger than its previous estimate of a 5% contraction, as the country reels under the impact of the COVID-19 pandemic.

TCS may see slower revenue growth, profitability over 12-18 months: S&P

"We now expect TCS' revenue to rise 0-1 per cent in the fiscal year ending March 31, 2021, compared with growth of 5.3 per cent in fiscal 2020," it said

Glenmark Pharma surges 6% as S&P Global sees stable cash flow in 2 years

Glenmark's operating cash flows, lower capital investments, and plans to channel proceeds from the sale of non-core assets to pay debt should improve its ratio of funds from operations to debt

Coronavirus will cost banks over $2 trillion in losses on loans: S&P Global

Around 60% of the losses are likely to be in Asia-Pacific, it added

S&P to weigh agri reforms, easing of bad loan for future India ratings

Last week, S&P Global Ratings had retained India's rating at lowest investment grade 'BBB-' for 13th year in a row

SoftBank spent $570 mn to buy back shares in May under repurchase programme

The buyback programme has caused jitters at credit rating agencies, with S&P Global Ratings saying on Thursday it puts SoftBank's financial rigour in question

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

S&P lowers Future Retail's issuer credit rating from 'B-' to 'CCC-'

Operating cash-flows to stay weak for two months

Covid-19 impact: S&P slashes India's FY21 growth forecast to 1.8%

S&P expects India's growth to bounce back in FY22

Coronavirus impact: S&P lowers Tata Steel rating from 'BB-' to 'B+'

The negative outlook reflects risks of further weakening in Tata Steel's credit profile if the effect of economic conditions and lower commodity prices are more prolonged than current expectations

Coronavirus crisis to hit Indian, Chinese, Indonesian banks hard, says S&P

The credit cost, amounts set aside for bad and stressed loans, for the Indian banking system will rise to 2.8 per cent in 2020-21, from the previous estimate of 1.5 per cent, S&P said in a statement.

Covid-19 impact: S&P downgrades Tata Motors ratings, keeps outlook stable

The ratings agency further said it views positively the management's focus on conserving cash amid the changes in operating conditions

S&P lowers India's growth forecast to 5.2% for 2020 amid Covid-19 pandemic

S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar. Asia-Pacific economic growth in 2020 will be more than halve to less than 3 per cent as the "global economy enters a recession", S&P said in a statement. An enormous first-quarter shock in China, shutdowns across the US and Europe, and local virus transmission guarantees a deep recession across Asia-Pacific, said Shaun Roache, chief Asia-Pacific economist at S&P Global Ratings. "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 per cent (from 4.8 per cent, 5.7 per cent, and -0.4 per cent previously)," S&P said. On Tuesday, Moody's Investors Service had lowered India's economic growth forecast for 2020 to 5.3 per cent (from 5.4 per cent), in the wake of the .

Are we heading towards a global recession? Here's what top brokerages say

Analysts fear that the impact this time would be deeper than that of the 8-month long economic downturn in 2001 and the one in early 1990s

Confident of economic recovery, S&P keeps India's rating at 'BBB-'

Says fiscal position weak, but sees strong growth prospects over 2-3 years

S&P affirms India's rating at 'BBB-', fiscal position remains precarious

The rating agency sees growth recovery over two to three years

S&P retains India's rating at 'BBB-', says fiscal position precarious

Fiscal deficits have exceeded the government's plan, S&P said, adding it expect limited consolidation over the next few years

Climate stress-tests, robo-cars and more in 2020

Changing weather patterns and urgent need to cut down emissions drastically will dominate discussions

Top 10 business headlines: Tax mop-up contracts, BPCL stake sale and more

From cars to cost more in new year, Sebi giving time to six brokers to wind up clients to NTPC planning to expand in its renewables capacity, Business Standard bring you the top headlines of the day