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, said there was scope to upgrade the sovereign ratings if the government unleashes public and private investments to spur economic growth.
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04:12 PM, May 17, 2013
New Delhi: At any given time, one would see a flurry of advertisements issued by different TV channels, all claiming to be number 1 at the same time. Now ratings agency TAM says that its data is being selectively used and misrepresented to make these tall claims. In an advisory issued last week, TAM has sent out guidelines on the correct usage of its data to all broadcasters. TAM, which...
09:43 AM, May 14, 2013
As the IPL enters its middle phase, the big question is whether the tournament remains as popular with the fans? The early viewership figures point towards a decline in ratings, although, industry experts don't sound too concerned. Sanjeeb Mukherjea and Rupha Ramani have the story. ...
11:04 AM, Apr 25, 2013
New Delhi: The Finance Ministry on Friday made a strong case for rating upgrade of Indian economy by global agency Fitch on the back of increasing investments, declining import of gold and government's commitment to fiscal prudence. The issue of rating upgrade was raised by Finance Ministry officials at a meeting with the representatives of Fitch here. The meeting was attended by Department of Economic Affairs Secretary Arvind Mayaram, among...
04:53 PM, Apr 12, 2013
The Finance Ministry feels there is a case for a rating upgrade of India by at least a notch or so and agencies like Standard & Poor's and Fitch would be conveyed this view when they visit India next month. "I strongly believe there is a case for S&P and Fitch to upgrade. Even if it is one only notch or two notch above, but certainly there is no case...
11:56 AM, Mar 17, 2013
India's 2013/14 budget unveiled last week offers a "realistic" plan to meet the country's fiscal deficit target, and should be a credit positive for its sovereign ratings, Moody's Investors Service said in a report on Monday. ...
11:35 AM, Mar 04, 2013
Global rating agency Standard & Poor's on Thursday said the Union Budget for fiscal year 2013-14 will have no impact on the country's sovereign credit rating. "The latest budget details have no rating impact on our sovereign credit rating on India (BBB-/Negative/A-3)," S&P said in a statement. ...
06:17 PM, Feb 28, 2013
The Obama administration on Tuesday accused Standard & Poor's of refusing to warn investors that the housing market was collapsing in 2006 because it would be bad for business. The civil charges against the credit rating agency were the administration's most aggressive action to date against those deemed responsible for contributing to the worst financial crisis since the Great Depression. They followed years of criticism that the government had failed...
08:42 AM, Feb 06, 2013
A handful of brokers upgraded their views on IT outsourcer Infosys Ltd after better-than-expected earnings on Friday spurred a nearly 17 per cent rally in its shares, although some company watchers remain unconvinced it has turned the corner after a string of disappointing quarters. ...
12:41 PM, Jan 14, 2013
Moody's said on Tuesday that the outlook on its Baa3 rating for India is stable, in part due to the country's high savings and investment rates, as debate rages in Delhi over whether the country can avoid credit downgrades from other rating agencies. ...
11:10 AM, Nov 27, 2012
New Delhi: New Delhi Television Limited (NDTV) has sued The Nielsen Co. for allegedly manipulating TAM ratings data in favour of broadcasters who 'paid' money. Filing a detailed 194-page suit in New York's Supreme Court on July 26, the network has sought billions of dollars in damages from the ratings company. NDTV says it was made to appear that fewer people were watching NDTV channels than actually were. It has...
03:51 PM, Jul 31, 2012
New York: Apple Inc. said that it is putting its products back on an environmental ratings registry, saying it made a mistake in removing them from the list. The Cupertino, California, company said all of its eligible products are back on the Electronic Product Environmental Assessment Tool registry, and says it looks forward to working with EPEAT, the nonprofit organisation that runs the registry. Apple told EPEAT that it was...
10:51 AM, Jul 14, 2012
San Francisco: Apple's withdrawal from an environmental ratings registry has prompted at least one city - San Francisco - to stop buying its computers. The decision does not apply to iPads or iPhones. But Francis Tsang, spokesman for Mayor Edwin Lee's office, says the city's rules require that laptops, computers and monitors comply with the registry's requirements. Late last month, Apple Inc. told the nonprofit EPEAT, short for Electronic Product...
10:41 AM, Jul 12, 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 below trend for the next few quarters. But it felt recent negative trends were unlikely to become permanent or...
03:30 AM, Jun 26, 2012
London/Charlotte: Ratings agency Moody's downgraded many of the world's biggest banks on Thursday, lowering credit ratings of 15 companies by one to three notches. Morgan Stanley, one of the most closely watched firms, had its long-term debt rating lowered by just two notches, one level less than had been expected, and its stock rose in after-hours trading. The downgrade left Morgan Stanley more highly rated than Bank of America Corp...
08:19 AM, Jun 22, 2012
New York: Fitch Ratings has revised the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of India-based financial institutions to Negative from Stable, while affirming the rating. These include six government banks (including an international banking subsidiary of a government bank), two private banks, two wholly owned government institutions and one infrastructure finance company. A list of affected entities is as follows:- State Bank of...
12:43 PM, Jun 20, 2012
If England want to stay as the number one Test team, they will have to win the Test series against the West Indies. ...
11:00 PM, May 16, 2012
Mumbai: Ratings agency Standard & Poor's on Wednesday cut India's outlook to negative from stable, citing its large fiscal deficit and expectations of only modest progress on reforms given political constraints, battering stocks, bonds and the rupee. The lowered outlook jeopardises India's long-term rating of BBB-, which is the lowest investment grade rating. "The outlook revision reflects our view of at least a one-in-three likelihood of a downgrade if the...
12:29 PM, Apr 25, 2012
Mumbai: If crude oil prices continue to rise, India will be impacted by not only higher inflation and trade deficit, but by subsidies, and any move towards easing monetary policy will have to take this into consideration, rating agency Care said on Tuesday. "The easing of monetary policy will have to be reviewed in case (oil) prices start going up. Our country in particular will be affected by just not...
08:52 PM, Feb 28, 2012
Athens: Standard & Poor's downgraded the credit ratings of nine euro zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday the 13th for the troubled single currency area. "Today's rating actions are primarily driven by our assessment that the policy initiatives that have been taken by European policymakers in recent weeks may be insufficient to fully address ongoing systemic...
07:45 AM, Jan 14, 2012
