Page 5 - S&p Global Ratings

S&P Global Ratings to observe India's fiscal consolidation for next 2 years

It could give a ratings upgrade if govt is committed to fiscal glide path

India's GDP growth likely to outpace China's in 2024-28, says EIU

The report suggests that as India's economic heft expands, there would be a crossover in the mid-2040s with BRICS nations taking over the G7 in terms of nominal gross domestic product (GDP)

S&P Global will likely raise India's rating within 2 years, says Citi

S&P raised India's sovereign rating outlook to 'positive' from 'stable' on Wednesday, citing the country's strong economic fundamentals. It, however, kept the rating itself at 'BBB-'

Trade set-up for May 30: F&O expiry, weak global cues, Awfis debut in focus

All you need to know before the market opens on Thursday: Global markets are once again feeling the US rate cut jitters; market experts back home see 22,800 as immediate hurdle for the Nifty now.

S&P raises India outlook to 'positive' ahead of Lok Sabha poll results

"We forecast India's real GDP growth at 6.8 per cent this year, which compares favourably with emerging market peers amid a broad global slowdown," S&P Global Ratings said

From ICICI to HDFC: S&P upgrades outlook on six Indian banks to positive

The rating agency said in a statement that India's banking system continues to ride the good economic growth momentum, well supported by recent structural improvements in the system

S&P revises India's outlook to 'positive', maintains 'BBB-' rating

S&P rating aligns with similar ratings from other global agencies, including Fitch and Moody's, which also assigned the lowest investment grade rating to India but with a stable outlook

India to get rating support if it uses RBI dividend to reduce deficit: S&P

The interim budget presented in Parliament earlier in the year targets a fiscal deficit of 5.1 per cent of the GDP

Shriram Finance's HFC sale capital accretive, says S&P Global Ratings

Help to maintain 20 per cent year-on-year credit growth

S&P Global downgrades outlooks on 5 US banks to 'negative' on CRE exposures

The ratings agency downgraded the outlook for First Commonwealth Financial, M&T Bank, Synovus Financial, Trustmark and Valley National

S&P Global downgrades outlooks on 5 regional US banks to 'negative'

It downgraded First Commonwealth Financial, M&T Bank , Synovus Financial, Trustmark and Valley National Bancorp

RBI clampdown may tighten loan growth in FY25, says S&P Global Ratings

The recent regulatory measures have upside in terms of curtailing lenders' over-exuberance, enhancing compliance culture, and safeguarding customers

S&P Global Ratings raises India's GDP growth forecast for FY25 to 6.8%

'India likely to see rate cuts of up to 75 basis points in calendar year 2024'

RBI's regulatory scrutiny may raise lenders' capital costs: S&P Global

MUMBAI (Reuters) - The Reserve Bank of India's (RBI) heightened regulatory scrutiny of lenders will improve governance and curtail exuberant lending but may raise their cost of capital as well as slow loan growth, S&P Global Ratings said on Tuesday.

British businesses keep up recovery but prices still a worry, shows PMI

Closely watched by the BoE ahead of its 1200 GMT interest rate decision, the S&P Global Composite Purchasing Managers' Index (PMI) inched down to 52.9 in March from 53.0 in February

Elections, harvesting activities to raise diesel demand, says S&P Global

Overall demand for oil products up 2.4% or 132,000 barrels per day in February

Slowdown in growth in new orders, output drags services PMI in Feb to 60.6

The survey polled around 400 companies in transport, information, communication, finance, insurance, real estate, non-retail consumer and business services

India outpaces peers in light vehicle sales growth: S&P Global Mobility

Sales grew 35% in CY23 compared to pre-pandemic level of CY19

CRISIL Q4 results: Profit jumps 33% to Rs 210 cr on back of currency gains

Domestic rating agency Crisil, majority owned by S&P Global, on Friday reported a 33 per cent jump in net profit at Rs 210 crore for the December 2023 quarter. The city-headquartered company said its income from operations rose 11.6 per cent in the reporting quarter to Rs 917.7 crore, while total consolidated income grew 13.4 per cent to Rs 953.6 crore from Rs 840.6 crore in the corresponding quarter of the previous year. The company also announced a final dividend of Rs 28/share, taking the total dividend for the year to Rs 54/share against Rs 48 in the previous year. The company, in a statement, said the bottom line was boosted by a one-off gain of Rs 29.4 crore due to the sharp devaluation of the Argentinian currency peso in December. For the full year ending December 2023, its consolidated income from operations rose 13.4 per cent to Rs 3,139.5 crore from Rs 2,768.7 crore in the previous year, and consolidated total income gained 11.6 per cent to Rs 3,246.4 crore from Rs ...

Deposits paucity may hit Indian banks credit growth in FY25: Report

Private lenders with high loan-to-deposit ratio more vulnerable, says S&P