Downgrading

  • Aviation downgrade: US clubs India with Bangladesh, Indonesia February 1, 2014

    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 Administration,...
  • S&P affirms negative outlook on India May 17, 2013

    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 agency, however,...
  • Chidambaram rules out threat of rating downgrade October 11, 2012

    Tokyo: Dismissing fears of a rating downgrade, Finance Minister P Chidambaram on Thursday said the government would take a host of reform initiatives in the next two years to spur growth momentum. "I don't think there is a serious threat of a downgrade but we take the talk of a...
  • India faces rating cut risk despite reforms: S&P October 10, 2012

    Mumbai: Ratings agency Standard & Poor's warned that India still faced a one-in-three chance of a credit rating downgrade within the next 24 months despite a new drive for economic reform that was launched in September. "A downgrade is likely if the country's economic growth prospects dim, its external position...
  • Will welcome Rahul's entry into Cabinet: PM August 11, 2012

    New Delhi: Prime Minister Manmohan Singh on Saturday said that Congress General Secretary Rahul Gandhi's entry into the Cabinet will be a welcome development. "When it happens you all will know. I have always maintained that I welcome Rahul's entry into the Cabinet." Singh made the remark at the Rashtrapati Bhawan...
  • Google to downgrade pirate sites in search results August 11, 2012

    Los Angeles: Google Inc. is altering its search results to de-emphasise the websites of repeat copyright offenders and make it easier to find legitimate providers of music, movies and other content. The move is a peace offering to Hollywood and the music recording labels. This year, Google joined other Silicon Valley...
  • 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 downgrades Italy, warns of further cut July 13, 2012

    Moody's on Friday surprised markets by downgrading Italy's government bond rating by two notches to Baa2 and warned it could cut it further, piling on pressure just hours before the country launches its latest bond sale. The move left Italy's rating just two notches above junk status and could raise already-painful...
  • Greece at risk of downgrade to emerging market June 26, 2012

    New Delhi: Greece may have fended off an immediate exit from the Eurozone, but it now faces the risk of being downgraded from a developed to an emerging market status. The process of demotion which usually takes years could be accelerated if Greece were to set up curbs on capital...
  • Rupee hits an all-time low of 57.12 against US dollar June 22, 2012

    Mumbai: The rupee hit a record low against the dollar for a second consecutive session on Friday and posted its worst weekly fall in nine months, hurt by dollar demand from oil firms and gold importers as well as the broad risk-off sentiment. Traders said the Reserve Bank of India stepped...
  • Economy will return to growth path: Chidambaram June 13, 2012

    Ahmedabad: The Government on Wednesday rejected the downgrading warning by rating agency Standard & Poor's and the comments made by industrialist Azim Premji on policy paralysis and exuded confidence that the economy would revert to high growth path after overcoming "difficulties and challenges". Reacting to the S&P's threat of downgrading India,...
  • 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. ...
  • 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...
  • Goldman Sachs, BofA-ML cut India GDP forecast May 25, 2012

    Mumbai: Analysts at Goldman Sachs and Bank of America-Merrill Lynch cut their growth forecasts for India, following up on a Morgan Stanley downgrade earlier this week that had sparked much concern in domestic markets. The downgrades come in a tough month for Indian markets, after global risk aversion surged, exposing the...
  • Espirito Santo downgrades Biocon May 22, 2012

    Espirito Santo has downgraded Bangalore-based Biocon to "sell" from "neutral" and sharply revised its target price to Rs 186 a share from Rs 350, flagging off several issues, which it says raise accounting and corporate governance questions over at the biotech firm. The investment bank points out to two issues in...
  • Moody's downgrades ICICI, HDFC, Axis by a notch May 14, 2012

    Mumbai: Global credit ratings firm Moody's on Monday downgraded the country's three largest private sector lenders - ICICI Bank, HDFC Bank and Axis Bank - to D+ from C- to align them with the sovereign rating. As a result, the hybrid debt ratings of these banks, except HDFC Bank, will be...
  • Moody's downgrades LIC, outlook stable May 14, 2012

    New Delhi: Moody's cut its rating for state-run Life Insurance Corp of India (LIC) two weeks after it put the country's largest portfolio investor under review for a downgrade over its high exposure to sovereign debt and lack of revenue sources outside of India. The ratings agency downgraded LIC to Baa3...
  • India @ 9 with Rajdeep Sardesai April 25, 2012

    Watch top stories of the day with CNN-IBN's Editor-in-Chief Rajdeep Sardesai. ...
  • Focus turns to RBI after S&P cut April 25, 2012

    Mumbai: Indian bond yields rose, while the rupee and stocks remained under pressure after Standard & Poor's cut India's outlook, with traders predicting pressure on the central bank to step in to prevent further falls in markets. Indian markets have already been battered in recent weeks by the issues spotlighted by...
  • Fitch warns of US downgrade if no budget deal November 29, 2011

    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 after...
  • Europe: markets fall on France downgrade fears August 11, 2011

    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...
  • Economy moving in positive direction: Pranab August 9, 2011

    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 meeting...
  • IT stocks remain under selling pressure August 9, 2011

    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...
  • Sensex ends 132 pts down amid choppy trade August 10, 2011

    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 further...
  • US will be a 'AAA' country: Obama August 9, 2011

    President Barack Obama essentially dismissed the first-ever downgrade of the US credit rating. ...
  • European markets resist sharp fall August 8, 2011

    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 the...
  • Market rection in Asia not too severe: Montek August 8, 2011

    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 August 8, 2011

    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, down...
  • US downgrade impact: manic Monday on Dalal St? August 8, 2011

    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...