Page 15 - S&p

PMC Bank crisis: Financial sector needs governance rehaul, says S&P

The RBI has appointed an administrator and superseded the board of directors at PMC, after the discovery of major financial irregularities

Indian banks' recovery will see delay on NBFC, corporate stress: S&P

The growth and profitability of finance companies (fincos) are also likely to remain under pressure, S&P said

Wall Street tumbles as Donald Trump escalates trade dispute with China

Jerome Powell says will 'act as appropriate' to support growth as indexes fall.

Wall Street opens higher after strong retail sales data, Walmart results

The Dow Jones Industrial Average rose 34.83 points, or 0.14 per cent, at the open to 25,514.25

US stocks stumble on fears of looming recession; Dow falls over 700 points

The S&P 500 index has now sunk 4.5 per cent since President Donald Trump announced a fresh round of tariffs on Chinese imports

S&P reaffirms B+ rating for Tata Motors, keeps outlook 'negative'

Ratings agency S&P has reaffirmed Tata Motors' long-term issuer and issue credit ratings to be 'vulnerable to nonpayment' while keeping the outlook negative. S&P Global Ratings said it has reaffirmed 'B+' on Tata Motors' long-term issuer and issue credit ratings while keeping negative outlook due to high cash burn at its British arm Jaguar Land Rover, geopolitical risks such as Brexit and the US tariffs, and India's automotive market slowdown. The ratings agency has also removed the company from CreditWatch stating geopolitical risks could take longer than expected to play out. "We expect Tata Motors' cash flow to stay negative at least for the next 12-24 months until global automotive demand recovers, the company's Chinese operations stabilise, and the expected cost cutting restores its financial health," S&P said in a statement. Tata Motors' first-quarter fiscal 2020 performance remained weak, despite expectations of a recovery over the next 12-24 months, it added. "In

S&P lauds Rs 70,000 cr capital infusion, says PSB reforms remain lacklustre

The global rating agency's calculation of risk-adjusted capital for most rated Indian PSBs is 5-7 per cent, and this is one of the key rating constraints

Well, that was fast! So are the unshakable bulls back in charge, now?

For all the talk of easing trade fears or a dovish Fed, incremental increases in allocation are one technical reason for the breadth and speed of the rally

FinMin pitches for a rating upgrade from S&P; cites macro fundamentals

International rating agencies have been raising a red flag over the high debt-to-GDP ratio of India

S&P expects India to lead infra investments in South Asia: Key highlights

The Indian infrastructure companies will deleverage even as they maintain elevated capex levels as many will see rising cash flows on the back of new capacity additions, said S&P

S&P cruises past 2,700 as tech stocks advance; MoneyGram tumbles

(Reuters) - The benchmark S&P 500 breached the 2,700-mark for the first time shortly after open on Wednesday, while the Nasdaq and the Dow hit records on a strong run in technology stocks.

Full text: S&P affirms India's rating at 'BBB-' with stable outlook

The ratings agency retained its BBB- rating while taking a favourable view on reforms being undertaken.

S&P keeps outlook on India stable, retains BBB- rating

Ratings agency takes favourable view on reforms being undertaken and praises Modi govt's fiscal consolidation drive

S&P, Nasdaq up 1% as North Korea tensions wane

REUTERS - The S&P 500 and the Nasdaq Composite rose about 1 percent in early afternoon trading on Monday as investors returned to riskier assets after tensions eased between the United States and North Korea.

S&P, Dow open flat; Nasdaq slightly lower

REUTERS - The S&P and Dow opened little changed on Thursday, a day after the Dow industrials breached the 22,000 mark for the first time, while the Nasdaq was slightly lower as tech stocks fell.

May cut Britain's rating again before Brexit terms: S&P

LONDON (Reuters) - S&P Global may not wait until the terms of Britain's divorce from the European Union are known before it takes action on its rating again, most likely resulting in another cut, its sovereign ratings chief told Reuters on Tuesday.

S&P says demonetisation has cast shadow over RBI's competence and independence

The slow replacement of the abolished bills has sparked a shortage of cash that has hit large parts of the economy, and the RBI and government have had to subsequently announce a series of ad hoc measures to ease the impact of the measure.

S&P affirms US investment-grade ratings after presidential election

It said US' debt and increased uncertainty over its trajectory constrain the ratings

S&P rules out India upgrade for next 2 yrs, govt hits back

Government tells rating agency to introspect on processes

Per capita income too low: Why S&P said no India upgrade for 2 years

Public finances are set to remain key rating constraints for some time