Rating News

Vedanta Ltd. has set its sights on raising Rs 2,500 crore (approximately $300 million) through rupee-denominated bonds, enlisting the expertise of JPMorgan Chase & Co. to orchestrate the financing, as reported by sources familiar with the matter. Spearheaded by Nitin Rungta, ...

Brokerage firm UBS, on October 13, downgraded State Bank of India's (SBI's) rating from 'Buy' to 'Sell' rating and also sharply trimmed its 12-month target price to Rs 530 per share from Rs 740 per share. This is the first time ...

India came down heavily on sovereign rating to India by leading global agencies. The country should be rated at least one or two grades higher than what it is at present by global rating agencies, Sanjeev Sanyal, Member of the Economic ...

Capital markets regulator Sebi on Thursday cancelled the licence of Brickwork Ratings India and directed the credit rating agency to wind down its operations within six months for allegedly violating various rules. Further, the markets regulator has barred the agency from ...

Industry body FICCI has sought zero-rating GST on healthcare services to enable the service providers to claim input tax credit. In a letter to the Finance Minister Nirmala Sitharaman, the chamber's President Sanjiv Mehta said "enabling this would not only ensure ...

Fitch Ratings affirmed its investment grade, Long-Term Foreign-Currency Issuer Default Rating (IDR) at the lowest level, which is BBB- rating for India. The globally renowned rating agency reported a negative outlook for the country. {photo-feature}...

Shares of State Bank of India in intra-day trade on Wednesday are trading on a weak note. The stock fell over 3% to an intraday low of Rs. 292.10, down almost 3.4% from the previous closing price of Rs. 302.45 shares ...