Page 3 - S&p Global Ratings

US oil output to decline in 2026; Indian import plans may be hit

S&P Global warns of first annual US oil output drop since 2020, citing weak demand and surplus; Indian refiners may scale back plans to increase imports

Morningstar DBRS upgrades India's rating to BBB with stable outlook

Morningstar DBRS upgrades India's issuer rating to BBB, citing strong reforms and growth potential while expecting limited impact from regional geopolitical tensions

India-Pakistan hostilities raise credit risks for both nations: S&P

S&P Global Ratings on Thursday said the hostilities between India and Pakistan heighten risks to the credit metrics of both countries, and any escalation in clashes would put downward pressure on sovereign credit support. S&P, which rates India and Pakistan at 'BBB-' with a positive outlook and a 'CCC+' (outlook stable), said that in the current scenario, it does not see any immediate impact on sovereign credit rating and expects the tensions to remain high over the next two to three weeks, with significant further military actions on both sides possible. "The outbreak of hostilities between India and Pakistan has increased regional credit risks, especially for the two sovereigns involved. Our base case is for the intense military actions to be temporary, which will give way to a longer period of contained and sporadic confrontations," S&P Global Ratings said in a statement. In a strong retaliation to the Pahalgam massacre, India's armed forces early on Wednesday ...

S&P Global to separate its mobility division from parent to streamline biz

S&P Global's first-quarter profit beat analysts' expectations, as demand for its data and analytics offerings remained robust amid economic turmoil

Asia-Pacific growth to fall if US imposes reciprocal tariffs: S&P

Major Asia Pacific economies like India, China, and Japan, will see growth fall by 0.2-0.4 percentage points (ppts) over the next two years if the US implements the reciprocal tariffs announced on April 2, S&P Global Ratings said on Tuesday. It said that the threat and imposition of tariffs by the US will slow global trade and confidence. The region's dependency on exports with China and the US will have an outsized hit on manufacturers and small economies. "Should the tariffs announced on April 2, 2025 resume for economies ex-China, the geopolitical and economic fallout will be deep," S&P Global Ratings, Asia-Pacific Head of Research, Eunice Tan said. For India, S&P had in March projected a 6.5 per cent and 6.8 per cent growth for 2025 and 2026, respectively. If the reciprocal tariff as announced by US President Donald Trump is implemented, S&P estimates the growth to fall to 6.3 per cent and 6.5 per cent, respectively. After the April 2 announcement jolted stock ...

NPLs in microfinance segment to peak by FY26 end: S&P Global Ratings

Tight Lending norms from April to defuse risk buildup

Markets Today: FIIs; Wall St; Trump tariffs; Active Infra, Rapid Fleet IPOs

In the previous session, Sensex ended at 78,017.19, up 32.81 points or 0.04 per cent. Nifty50 closed at 23,668.65, up 10.30 points or 0.04 per cent

Several APAC economies like India, Korea could face higher US tariffs: S&P

S&P Global Ratings on Monday said several Asia-Pacific economies could face higher tariffs under the Trump administration, while India, South Korea, and Thailand could be most vulnerable to trade retaliation. In its report titled 'Asia-Pacific Economies Likely To Be Hit By US Trade Tariffs', S&P said economies like Vietnam, Taiwan, Thailand, and South Korea have relatively greater economic exposure to the US, meaning that tariffs, if imposed, would have the largest economic impact. "India and Japan have more domestically oriented economies that will provide some mitigation from tariffs," S&P said. US President Donald Trump has said he will impose reciprocal tariffs on its trading partners, including India. The new US administration has already enacted additional 10 per cent tariffs on imports from China and 25 per cent tariffs on steel and aluminum. "We believe this might not be the end of it. Uncertainty is high because of the high leeway the US administration gives ...

India's fiscal trajectory in line with our expectations: S&P Global Ratings

The Centre has set a target of achieving a fiscal deficit of 4.4 per cent of GDP in FY26, down from the revised estimate (RE) for FY25 of 4.8 per cent

Adani Ports ranks among top 10 in S&P Global sustainability rankings 2024

APSEZ is the only Indian firm to feature in the rankings. Previously, it was ranked among the world's top 15 transportation and transportation infrastructure firms in corporate sustainability

Indian manufacturing ends strong 2024 with a soft note, Dec PMI at 56.4

According to the HSBC Final India Manufacturing PMI, compiled by S&P Global, this was the joint weakest growth rate of 2024

India set for resilient growth in 2025 driven by urban consumption: S&P

For 2025-26 and 2026-27, S&P Global Ratings pegged India's GDP growth forecast at 6.7 per cent and 6.8 per cent, respectively, down 20 basis points from its previous estimates

India to continue resilient growth, RBI may do modest rate easing: S&P

S&P Global Ratings on Tuesday said the Indian economy is set for "resilient growth" in 2025 and projected inflation pressure to recede which will lead to "modest" easing of the monetary policy by the RBI. In its India outlook for 2025, S&P also retained India's growth forecast for current fiscal at 6.8 per cent, followed by 6.9 per cent growth in 2025-26. "The Indian economy is set for resilient growth in 2025 on the back of strong urban consumption, steady service sector growth and ongoing investment in infrastructure," Vishrut Rana, Economist at S&P Global Ratings, said. We expect the central bank to ease monetary policy modestly during 2025 as inflationary pressures recede, Rana said. Last week, RBI retained benchmark interest rates at 6.5 per cent to control inflation but cut the cash reserve ratio (CRR) by 50 basis points to infuse liquidity into the system. India's economy grew 8.2 per cent in 2023-24. It said the GDP growth print for fiscal Q2 (June-September 2024) .

Markets Today: FIIs; Enviro Infra IPO; Dow, S&P at record; Oil & Gold slide

At 6:55 AM, GIFT Nifty futures were down 13.5 points, trading at 24,260, indicating a flat to negative start for the markets

S&P Global cuts India's GDP growth forecast to 6.7% for FY26, 6.8% for FY27

S&P Global Ratings on Monday revised down its estimate for India's economic growth in the next two financial years as high interest rate and lower fiscal impulse temper urban demand. In an update to its economic forecast for Asia-Pacific economies after US election results, the rating agency projected a 6.7 per cent GDP growth rate in 2025-26 financial year (April 2025 to March 2026) and 6.8 per cent in the following fiscal year, down from 6.9 per cent and 7 per cent, respectively in previous projections. For FY25, S&P Global pegged GDP growth rate at 6.8 per cent. "In India we see GDP growth easing to 6.8 per cent this fiscal year as high interest rates and a lower fiscal impulse temper urban demand. While purchasing manager indices (PMIs) remain convincingly in the expansion zone, other high-frequency indicators indicate some transitory softening of growth momentum due to the hit to the construction sector in the September quarter," it said. The agency expects India's GDP to

Bank deposit growth may struggle to keep pace with credit momentum: S&P

Investors may seek higher risk premium for increased regulatory risk

S&P Global raises annual profit forecast on demand for analytics products

S&P Global now expects its 2024 adjusted earnings per share between $15.10 and $15.30, compared with the prior view of $14.35 to $14.60

India needs over $170 bn to fund aviation expansion: S&P Global Ratings

India is one of the world's fastest-growing aviation markets and domestic passenger traffic is expected to double to 300 million by 2030

India Inc biggies set to invest $800 bn in a decade: S&P Global Ratings

The Vedanta, Tata, Adani, Reliance, and JSW groups alone are preparing about $350 billion of investment in these sectors over the next decade, said S&P Global Ratings

NBFC loan growth to moderate to 18% in FY25, says S&P Global Ratings

S&P Global Ratings said Indian lenders' strong underwriting will support asset quality. This is reflected in their focus on lending primarily to low-risk customers and generally low loan approval rate