Downgrading

  • Aviation downgrade: US clubs India with Bangladesh, Indonesia 01-02-2014 11:38 AM

    US authorities have downgraded India's aviation safety rating, citing a lack of safety oversight, meaning the country's carriers cannot increase flights to the world's biggest aviation market and face extra checks for existing ones. India said it expected to resolve by March all concerns raised by the US Federal Aviation...
  • S&P affirms negative outlook on India 17-05-2013 04:12 PM

    Mumbai: Ratings agency Standard & Poor's affirmed India's sovereign rating at 'BBB-minus' with a 'negative' outlook, reiterating there was a one-in-three chances of a ratings downgrade over the next 12 months, a statement said on Friday. S&P said the government's ability to prop up investment growth remained uncertain. The ratings...
  • Does India need to see a shrink?

    Jhakas |  Sanjay Jha
    I read somewhere recently that Charles Dickens said of the USA that if its citizens were to be believed, America "always is depressed, and always...

  • Fitch warns of US downgrade if no budget deal 29-11-2011 07:58 AM

    New York: Fitch Ratings gave the United States until 2013 to come up with a "credible plan" to tackle its ballooning budget deficit or risk a downgrade of the country's coveted AAA rating. The ratings agency on Monday revised to negative from stable the outlook on the US credit rating...
  • Europe: markets fall on France downgrade fears 11-08-2011 10:55 AM

    Berlin: New speculation that France could be downgraded by ratings agencies triggered a massive sell-off of shares across Europe on Wednesday, wiping out gains recorded in Tuesday's session and cutting short hopes that markets will make a quick recovery before the global debt crisis escalates. European shares rebounded in early...
  • Economy moving in positive direction: Pranab 09-08-2011 02:31 PM

    New Delhi: With all eyes on the global situation, Finance Minister Pranab Mukherjee on Tuesday said India's macro-economy was moving in a positive direction and hoped international commodity prices would decline, helping the government tame inflation and cut subsidies. Mukherjee maintained that India's economic fundamentals were strong and capable of...
  • IT stocks remain under selling pressure 09-08-2011 09:56 AM

    Mumbai: Shares of IT companies continued to witness heavy selling pressure in the stock market on Tuesday amid the global chill caused by the credit rating downgrade of the US, from where these companies earn about 60 per cent of their revenues. Shares of blue-chips like TCS, Wipro and Infosys...
  • Sensex ends 132 pts down amid choppy trade 09-08-2011 09:16 AM

    Mumbai: The BSE benchmark Sensex on Tuesday fell for the sixth day and closed 132.27 points down to below the 17,000 mark in volatile trade as investors sold blue-chips, especially IT stocks, amid a rout in global equities. A sharp jump in Chinese inflation to more than three years high...
  • US will be a 'AAA' country: Obama 09-08-2011 08:00 AM

    President Barack Obama essentially dismissed the first-ever downgrade of the US credit rating. ...
  • European markets resist sharp fall 08-08-2011 01:45 PM

    London: European shares reversed earlier losses and traded higher on Monday morning, with traders saying the European Central Bank was in the market buying bonds issued by Italy and Spain. On Monday morning, Spain's IBEX 35 index .IBEX surged 3.6 percent and Italy's FTSE MIB .FTMIB rose 4.4 percent, while...
  • Market rection in Asia not too severe: Montek 08-08-2011 10:33 AM

    Planning Commission Deputy Chairman Montek Singh Ahluwalia said that the global growth looks weaker than it did six months ago. ...
  • Sensex plunges 315 points, closes below 17,000 08-08-2011 09:16 AM

    Mumbai: Indian shares finished lower in a see-saw session, driven by the changing trends in markets across the globe. Benchmark indices had almost erased the losses for the day when renewed selling in Dow futures and key European markets sent bulls running for cover. The 30-share Sensex closed at 16,990.18,...
  • US downgrade impact: manic Monday on Dalal St? 08-08-2011 07:08 AM

    New Delhi: The US blues are making India see red the whole of last week with investors losing Rs 2 lakh 70 thousand crore as key indices fell to their lowest levels in 14 months. Will there be bloodbath when Dalal Street opens on Monday? On Friday, the Sensex plunged...