Page 2 - S&p Ratings

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

Boeing at risk of junk rating with S&P amid ongoing strike by workers

The credit grader estimated that Boeing will burn through about $10 billion of cash in 2024.

S&P retains India's growth forecast at 6.8%; expects rate cut in October

S&P maintained India's growth forecast at 6.8% and said that it expected the RBI to cut rates in October. The US Fed rate cuts last week have sparked speculation about a potential spillover effect

S&P upgrades Vedanta Resources rating on improving capital structure

S&P Global Ratings on Thursday said it has upgraded the rating of mining conglomerate Vedanta Resources Ltd to 'B' from 'CCC+' on improving capital structure and liquidity. "We believe Vedanta Resources Ltd has sufficient internal resources to meet debt maturities until December 2025, following recent funds raised and improved dividend capacity at its subsidiaries," S&P said in a statement. The company, which is the parent firm of Mumbai-listed Vedanta Ltd, has adequate internal funds to meet USD 1.4 billion of debt maturities due by the end of 2025. S&P Ratings gave a stable outlook on Vedanta's rating. "We raised our long-term issuer credit rating on Vedanta Resources as well as the issue ratings on its senior unsecured bonds to 'B-' from 'CCC+'," it said. "The stable outlook reflects our view that the company will proactively address the maturity of USD 1.2 billion of debt in April 2026, with clarity over these plans by early 2025." The company raised about USD 500 ...

S&P 500 ends lower, European stocks wrap up biggest weekly loss of year

The dollar gained ground against a basket of world currencies, while the euro saw its largest Friday-to-Friday drop against the dollar in two months

Nifty Bank hits 50,000 mark for the first time ever; Check key reason

Surpassing the 50,000-mark for the very first time, the index's ascent can also be attributed to robust Q4 GDP figures, and S&P recent upgradation of India's rating to positive

S&P Global to observe India's fiscal glidepath for possible rating upgrade

India aims to narrow its fiscal deficit to 4.50% of gross domestic product by the end of 2025/26, from an expected 5.8% in 2023/24

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

FY24: A rewarding year for investors who put their money in IPOs

The S&P BSE IPO Index, a gauge tracking the after-listing performance of newly listed companies, has risen by 69 per cent in this financial year

RBI's regulatory clampdown may tighten loan growth next year: S&P Global

The regulatory actions would enhance the operational resilience of the system, says the rating agency

S&P Global raises India's FY25 GDP growth forecast by 40 bps to 6.8%

Agency's projection is lower than the Reserve Bank of India's and the government's growth estimate of 7%

Next govt's fiscal moves key to sovereign rating: S&P Global Ratings

S&P said following nearly a decade of rule by the BJP-led NDA govt, a change in the ruling coalition could bring a period of policy uncertainty

ICICI Bank's profitability solid despite AIF provisioning, margin pressure

Ratings agency S&P said that the bank's better customer profile and underwriting compared to many Indian banking peers should also limit losses

Anil Agarwal's Vedanta announces second dividend of Rs 11 apiece for FY24

Vedanta second interim dividend: The second interim dividend will cost the company Rs 4,089 crore and its record date has been fixed at December 27

No changes to China credit rating, economic outlook: S&P Global Ratings

We last affirmed our A+ long term ratings on China in June with stable outlook and there has been no changes to that yet," said S&P in an emailed response to queries from Reuters

SBI can fend off rising risks In personal loans, says S&P Ratings

SBI's personal loans are growing faster than the rest of its portfolio. However, the bank's customer selection mitigates the associated risks

S&P upgrades Delhi International Airport's rating to 'B+' from 'B'

Stronger Traffic and Profitability drives rating action

S&P lowers Sri Lanka's long-term local currency credit rating to 'CC'

Domestic debt restructuring plan triggers action

India's rating upgrade hinges on sustainable fiscal consolidation: S&P

MUMBAI (Reuters) - S&P Global Ratings could consider an upgrade in India's sovereign rating if the country's fiscal metrics improve on a sustained basis and inflation is persistently lower, aided by monetary policy actions, an analyst at the agency said on Wednesday.

EV penetration: At 1.1%, India is far behind Asian average of 17.3%

The countries covered in the region include China, Japan, South Korea, India, Indonesia, Malaysia, the Phili­ppines, Singapore, Thailand, Vietnam, the greater China region, and Pakistan