Credit Ratings

  • Govt taking steps to boost investor confidence: Montek November 5, 2012

    Hyderabad: Amid threats that India's credit rating could be downgraded and a slowdown in the economy, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said that the government has taken several steps to boost investor confidence and more such measures may follow. "Lot of examples can be given on the...
  • Moody's threaten to cut US debt rating by a notch September 12, 2012

    New York: The US government's debt rating could be heading for the "fiscal cliff" along with the federal budget. Moody's Investors Service on Tuesday said it would likely cut its "Aaa" rating on US government debt, probably by one notch, if budget negotiations fail. If Congress and the White House don't...
  • S&P cuts Greek outlook to 'negative' August 8, 2012

    New York: Standard & Poor's Ratings Services on Tuesday lowered its outlook on Greece's long-term credit rating, saying that the financially troubled nation will likely need further aid from its international lenders amidst a worsening economy and delays implementing harsh austerity measures. The ratings firm downgraded Greece's long-term sovereign credit rating...
  • Germany faces threat of losing AAA tag July 24, 2012

    Berlin: Moody's has revised credit outlook of Germany to negative, raising the possibility of the economic major losing its coveted 'AAA' rating amid worsening European debt turmoil. Germany becomes the latest European economic power house this year after France to see its credit outlook being downgraded by the global credit rating...
  • Moody's says India rating stable despite challenges June 26, 2012

    Sydney: Moody's Investors Service on Monday said it was maintaining a stable outlook on India's Baa3 rating as problems such as slower growth and higher inflation were long-standing and already factored into the outlook. The agency said that global and domestic factors, including potential shocks in agriculture, could keep India's growth...
  • Pranab says Fitch ignored positive economic trends June 19, 2012

    New Delhi: Finance Minister Pranab Mukherjee said on Monday Fitch has not taken note of recent structural reforms in the economy including the strengthening of public finances, after the rating agency cut its outlook on Asia's third largest economy. "The concerns expressed by Fitch on the economic growth potential, inflationary pressures,...
  • India rejects S&P's downgrade warning June 17, 2012

    New Delhi: India has rejected the Standard and Poor's warning of downgrading its credit rating, saying the country remains a robust and a growing economy and this status cannot be taken away. "They (S&P) have their own prism. But we remain a robust and a growing economy. That cannot be taken...
  • India can survive global economic crisis: Pranab June 16, 2012

    New Delhi: Finance Minister Pranab Mukherjee on Saturday said that the global economic situation was indeed grave and that India was witnessing a slump, however, the country was capable of coming out of it. "India has emerged as one of the fastest growing economies in BRICS (Brazil, Russia, India, China and...
  • Moody's downgrades Nokia to junk status June 16, 2012

    Helsinki: Moody's ratings agency has downgraded Nokia Corp's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs, and says the outlook remains negative. The agency has lowered the Finnish company's long-term senior unsecured ratings...
  • Is the Government in denial over the economy? June 12, 2012

    The Centre has insisted, despite a downgrade by credit rating agency Standard and Poor's, that all is well with the Indian economy. ...
  • Pressure on RBI to cut rates as growth nearly stalls June 12, 2012

    New Delhi: India's industrial output growth flatlined in April, piling pressure on the RBI to cut rates and highlighting economic fragility after a warning that the BRIC nation's credit could be downgraded to junk because of political inaction. Standard & Poor's rating agency warned on Monday that India was straying from...
  • S&P assessment not gospel truth: Congress June 12, 2012

    New Delhi: The Congress on Tuesday dismissed the Standard and Poor's report on India, saying that it was not "gospel truth". The report had said that roadblocks for reforms in India were on account of division of roles between party President Sonia Gandhi and 'unelected' Prime Minister Manmohan Singh. "The report...
  • S&P downgrade reflective of policy paralysis: BJP June 12, 2012

    New Delhi: Describing the downgrade warning by Standard and Poor's as a "wake-up" call, the BJP on Tuesday said that it rued the fact that the UPA government was still in denial mode about the economic crisis and claimed that this was a result of the governance deficit and differences...
  • Moody's reviewing LIC rating; downgrade likely May 1, 2012

    New Delhi: Global agency Moody's on Monday said it is reviewing rating of state-owned LIC for a possible downgrade over its huge exposure to government bonds. "Moody's has placed the insurance financial strength rating of Life Insurance Corporation of India (LIC) (Baa2/stable) under review for possible downgrade," Moody's Investors Service...
  • S&P cuts Nokia's credit rating April 28, 2012

    Helsinki/New Delhi: Standard & Poor's on Friday downgraded the corporate credit rating of Finnish handset maker Nokia, citing lower revenue expectations. Standard & Poor's Ratings Services has cut Nokia's corporate credit rating 'BB+' from 'BBB-'. The latest rating is considered highest speculative grade by market participants. Earlier this week, rating...
  • Moody's upgrades rating of Indian Govt bonds December 21, 2011

    New Delhi: Global agency Moody's on Wednesday upgraded the credit rating of Indian government's bonds from speculative to investment grade, a move that could encourage FIIs to increase their exposure in gilts and help companies raise funds from abroad at competitive rates. "Moody's has upgraded the rating on long-term government bonds...
  • S&P to place euro nations on credit watch December 6, 2011

    Brussels: Efforts to stabilize Europe's financial crisis were thrown into disarray late on Monday as the 17 countries that use the euro braced for a possible downgrade of their credit ratings. The leaders of France and Germany sought to restore confidence in the troubled European currency during the day with a...
  • France frets about prized AAA debt rating November 15, 2011

    Paris: The interest rate France pays to borrow money rose again on Monday and along with it fears that the country will lose its cherished AAA credit rating. Theoretically at least, that rating is the highest a nation can have, allows France to borrow money from the markets cheaply. But France pays...
  • Standard and Poor rates Pakistan B negative November 1, 2011

    Washington: Credit rating agency Standard and Poor s has rated Pakistan as B negative, citing the country's low-income economy, high public and external debt. Pakistan's low-income economy, high public and external debt, structural fiscal weaknesses and significant political and security risks remain rating constraints, S&P said in a statement. Observing...
  • US rating likely to be downgraded again: Merrill October 24, 2011

    New York: The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts. The trigger would be a likely failure by Congress to agree on a...
  • Spain downgrade ups pressure on EU to act October 19, 2011

    New York: A double-notch downgrade to Spain's credit ratings has piled more pressure on European leaders to make rapid progress on solving the region's debt crisis or face unbearable borrowing costs. The fresh blow from Moody's Investors Service came just a day after the agency warned France its triple-A rating could...
  • SBI slips 3 pc on BSE after Moody's downgrade October 5, 2011

    Mumbai: Shares of State Bank of India took a beating on the bourses for the second consecutive session on Wednesday, losing more than 3 per cent in early trade after Moody's downgraded its rating of the bank's financial strength. The stock, which settled with a loss of over 4 per cent...
  • Moody's slashes Italy credit rating October 5, 2011

    New York: Moody's lowered its rating on Italy's bonds by three notches on Tuesday, saying it saw a "material increase" in funding risks for euro zone countries with high levels of debt and warning that further downgrades were possible. The agency downgraded Italy to A2 from Aa2, a lower rating than...
  • Italy credit downgraded, French banks pressured September 20, 2011

    Rome/Athens: Standard & Poor's cut Italy's credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone and raised pressure on policymakers to take more decisive action to resolve the crisis. Analysts said the one-notch downgrade, citing poor growth prospects and political instability, was ominous for...
  • S&P may downgrade US again within next 2 years August 6, 2011

    New York: Just when the world's most powerful economy narrowly avoided a debt trap, credit rating agency Standard and Poor's (S&P) dropped another bombshell. For the first time in history, America's credit rating has been downgraded from the highest AAA, to AA+. The reason S&P gave that the debt ceiling...
  • US downgrade a grave concern: Pranab Mukherjee August 6, 2011

    New Delhi: Finance Minister Pranab Mukherjee on Saturday described the downgrading of the US government by credit rating agency as a "grave situation" and said it has to be analysed. "We will have to analyse it. It will require some time. Situation is grave and there is no gain in...
  • US stock markets close on a flat note on Friday August 6, 2011

    New York: The US stock markets closed on a flat note on Friday, after they witnessed wild swings, trading in a range of 400 points during the day. The Dow Jones industrial average ended the day up 61 points, or 0.5 per cent, at 11,444.68. The S&P 500 closed lower by...
  • What is credit rating? August 6, 2011

    Credit rating is based upon the history of borrowing and repayment, as well as the availability of assets and extent of liabilities. ...
  • US credit rating lowered: first downgrade since 1917 August 6, 2011

    Global credit rating agency S&P downgrades US credit rating after US markets saw their worst fall since the last recession. ...
  • United States loses AAA credit rating from S&P August 6, 2011

    New York:The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy. S&P cut the long-term US credit rating by one notch to AA-plus on concerns about the government's budget deficits and rising debt burden. The...