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S&P Skeptical Of Allowing Corporate Ownership In Banks In India
On Monday, S&P Global Ratings expressed scepticism over allowing corporate ownership in banks given India's weak corporate governance amid large corporate defaults over the past few years. "We are, however, sceptical of allowing corporate ownership in banks given India's weak corporate ...
S&P Global Ratings Cuts Outlook On ICICI, Axis Bank To Negative
On Friday, S&P Global Ratings revised its ratings from 'stable' to 'negative' on ICICI Bank and Axis Bank as "heightened economic risks facing India's banking system may affect the creditworthiness of these banks." "In our base case, other private sector peers ...
S&P Cuts India's FY 21 Growth Forecast From 5.2% To 3.5%
In its latest report released on Monday, S&P Global Ratings has downgraded India's growth forecast from 5.2 percent to 3.5 percent for the upcoming fiscal year 2020-21 that begins on 1 April, on account of deteriorating credit conditions in the Asia-Pacific ...
S&P Maintains ‘BBB' Sovereign Credit Rating For India
On Thursday, global rating entity Standard and Poor (S&P) maintained the country's sovereign credit rating at ‘BBB'-with a stable outlook. The agency highlighted that the country's fiscal position is unstable with widening fiscal deficit and net indebtedness of the government. ...
Indian Stock Market Worst Performing In 2019 So Far: Report
As concerns of economic slowdown deepen and corporate earnings even failed to uplift the stock market sentiment, Indian markets so far in the year 2019 have been the worst performing. The problem got worsened soon after the Union Budget 2019 imposed ...
A Quick Round-Up Of The Markets This Week
The week ending December 2, saw Nifty open at 8,088 points and continue its buying momentum from the previous week. The Nifty made new highs for four days consecutively from Monday through Thursday. Nifty along with Small Cap Index rose 194 ...
Crisil Q1 2014 net at Rs 60.52 crores as bond issuances rise
India's top rating agency CRISIL has reported a consolidated income from operations of Rs.265.84 crore for the quarter ended June 30, 2013, up by 22.8 per cent from Rs.216.55 crore for the corresponding quarter of the previous year. The consolidated ...
Two rating agencies with two different views on India
Two reputed global rating agencies have two different view on India's economic fundamentals. S&P has a pessimistic view and on Tuesday re-iterated a one in three chance of a downgrade, while Moody's had a more optimistic picture to paint, maintaining a ...
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