Page 9 - S&p

Economic growth at 7.8%, oil price rise a dampener: S&P Global Ratings

S&P believes that heightened market risk could also pull capital out of Asia's emerging markets, hitting currencies, and raising funding costs.

S&P upgrades Adani Int Container's credit profile, affirms 'BBB-' rating

AICTPL is a 50-50 joint venture between Adani Ports and Special Economic Zone Ltd and Terminal Investment Ltd

Tata Steel can acquire NINL without sacrificing rating headroom: S&P

Tata Steel's debt is expected to continue to decline over the next two years, despite the Rs 12,100 crore deployed for the acquisition of NINL

S&P downgrades Future Retail to 'D' after company fails to clear dues

Future Retail Ltd failed to make the principal payments due on its restructured domestic bank borrowings on December 31, 2021.

S&P upgrades outlook on Axis Bank to positive on improved asset quality

Private lender's loan growth and profitability should improve as economic activity gains pace in India, says agency.

S&P lowers Sri Lanka rating to 'CCC' citing greater sovereign default risk

At the same time, the rating agency affirmed 'C' short-term credit rating

S&P 500 scores record high on retail sales cheer; Dow rises 270 points

The Nasdaq Composite added 196.73 points, or 1.26%, at 15,850.10

Wall Street rebounds from Omicron selloff after strong Nike, Micron results

The Dow Jones Industrial Average rose 539.76 points, or 1.55%, to 35,471.92, the S&P 500 gained 72.79 points, or 1.59%, to 4,640.81

S&P keeps India GDP growth forecast unchanged at 9.5% in FY22

S&P Global Ratings on Tuesday kept India's economic growth forecast in the fiscal year to March 2022 unchanged at 9.5 per cent but raised its predictions for the subsequent year on broadening out of the recovery. The Indian economy had shrunk by 7.3 per cent in 2020-21 fiscal (April 2020 to March 2021) as pandemic induced restrictions battered business activity. The gradual lifting of the restrictions has helped the economy to rebound from pandemic lows. "India is learning to live with the virus. Following the peak in COVID-19 cases around mid-year, the stringency index has declined, mobility has recovered, and consumer and business confidence has improved," S&P Global Ratings said in a report. Rising inflation is a pressure point, unlike elsewhere in emerging Asia. But external demand continues to support growth. Recent high-frequency indicators such as the October services purchasing managers' index reading of 58.4 suggest a strong recovery is underway. "We leave our growth .

S&P, Nasdaq enjoy boost from big tech firms; Dow Jones dips

The S&P 500 gained 15.01 points, or 0.34%, to 4,486.38 and the Nasdaq Composite added 124.47 points, or 0.84%, to 15,021.81

Wall Street ends higher as Goldman rounds out parade of strong bank results

The Dow Jones Industrial Average rose 384.83 points, or 1.10%, to 35,297.39

Four Indian entities among 20 largest Asia Pacific banks in Q3:S&P analysis

HDFC Bank was ranked seventh with a market cap of $119 billion

Global debt to hit 260% of GDP, but low interest rates to help: S&P

The pile-on of debt was necessary given policy responses during the pandemic, Vera Chaplin, the credit ratings agency's managing director and lead analytical manager, said

S&P sees indications of strong rebound in Indian economy after Q1

S&P retains 9.5% FY22 growth projection for India

India to post strong GDP growth in coming quarters even with inflation: S&P

India is expected to post strong economic growth in the coming quarters, even as inflation, led by food prices, is likely to remain elevated, S&P Global Ratings said on Wednesday. The economy is expected to clock 9.5 per cent growth in the current fiscal year, followed by 7 per cent expansion in the next year, it said, adding high nominal GDP growth would be important for ensuring fiscal consolidation going forward. "Given India's weak fiscal settings and high stock of debt around 90 per cent of GDP, the nominal GDP growth is going to be very important to prevent any further erosion of fiscal settings in the country and to enable some degree of fiscal consolidation going forward," S&P Global Ratings Director (Sovereign) Andrew Wood said. He said the fiscal deficit would remain elevated over the next two years but debt/GDP ratio is expected to stabilise or flatten out. Wood further said India's external position has strengthened in the context of the pandemic and India has been

S&P places issuer ratings on Tata Group firms on CreditWatch positive

'Although the group companies still operate independently under professional directors and management, we observe a greater influence of Tata Sons on the strategy and financial policies of the group'

S&P upgrades outlook on Indian Bank to stable on funding, liquidity profile

The rating agency affirmed Indian Bank's "BBB-" ratingm but ruled out any upward revision in the next one to two years

S&P upgrades Tata Steel's long-term issuer rating to 'BB' from 'BB-'

The outlook on ratings is stable and reflects the view that the company can adequately deleverage to reduce volatility in credit metrics during industry downturns

Wall St: S&P 500 nears record high on stimulus hopes, strong earnings

Senate unveils $1 trillion infrastructure bill; Square rises on $29 billion Afterpay deal

S&P affirms India's sovereign rating at 'BBB-', keeps outlook stable

But says country's fiscal settings are weak, and deficits will remain elevated ahead even as the government undertakes some consolidation