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Inflation in India likely to remain elevated in near terms: S&P Raising concerns over the street, credit rating agency S&P Global Ratings’ Economist (Asia Pacific) Vishrut Rana has stated that Inflation in India is likely to remain elevated in the near terms but government policies will prevent it from rising further. Rana noted in India the monsoon has been very patchy and overall rain was about 11 per cent below normal and this is a significant concern as it can affect grain prices in India over next few months. He further said that supplie...
Inflation in India likely to remain elevated in near terms: S&P
Inflation in India likely to remain elevated in near terms: S&P
Source: Accord Fintech
6/09/2023 2:10:12 PM
`India`s macro challenge for decade ahead is to achieve sustained high, stable and inclusive growth' The macro challenge in the decade ahead will be to achieve sustained high, stable and inclusive growth, which has thus far been elusive, S&P Global said in a report titled India's Moment. A paramount test will be whether India can become the next big global manufacturing hub, an immense opportunity. Developing a strong logistics framework will be key in transforming India from a services-dominated economy into a manufacturing-dominant one, the report said. Unlocking labor mar...
`India`s macro challenge for decade ahead is to achieve sustained high, stable and inclusive growth'
`India`s macro challenge for decade ahead is to achieve sustained high, stable and inclusive growth'
Source: IANS
3/08/2023 5:39:58 PM
S&P sees Indian economy growing by average 6.7% to 2031 amid short-term challenges S&P Global on Thursday projected the Indian economy to grow by an average annual rate of 6.7% to March 2031, driven by manufacturing and services exports and consumer demand, despite short-term challenges from rate hikes and a global slowdown. S&P retained its earlier forecast of 6% growth for the current fiscal year ending March 2024, noting even at this rate, India will be the fastest growing economy in the G20. Last month, the International Monetary Fund raised its growth for...
S&P sees Indian economy growing by average 6.7% to 2031 amid short-term challenges
S&P sees Indian economy growing by average 6.7% to 2031 amid short-term challenges
Source: Reuters
3/08/2023 5:21:33 PM
India's services growth at 13-year high in July on strong demand  India's dominant services sector expanded at its fastest pace in 13 years last month as demand increased significantly despite elevated inflationary pressures, a business survey showed on Thursday. S&P Global's India services purchasing managers' index rose to 62.3 in July from June's 58.5, confounding expectations in a Reuters poll for a dip to 58.0. It was the highest index reading since June 2010 and has remained above the 50-mark that separates growth from exp...
India's services growth at 13-year high in July on strong demand
India's services growth at 13-year high in July on strong demand
Source: Reuters
3/08/2023 11:10:06 AM
Indian banking sector`s weak loans to decline to 3-3.5% of gross advances by March 2025: S&P S&P Global Ratings has projected Indian banking sector's weak loans will decline to 3-3.5 per cent of gross advances by March 31, 2025 on the back of structural improvement, including healthy corporate balance sheets, tighter underwriting standards, and improved risk-management practices. It also said that stronger balance sheets and higher demand should boost bank loan growth, but deposit growth would lag. In its mid-year global bank outlook, S&P said India's economic grow...
Indian banking sector`s weak loans to decline to 3-3.5% of gross advances by March 2025: S&P
Indian banking sector`s weak loans to decline to 3-3.5% of gross advances by March 2025: S&P
Source: Accord Fintech
21/07/2023 12:18:32 PM
Rated Indian companies are in good credit shape: S&P Global Ratings Owing to their strong underlying growth and accommodative balance sheets, Indian companies it rates are in good credit shape, credit rating agency S&P Global Ratings said on Tuesday. "Solid earnings momentum over the next two years, by our forecasts, will make for one of the healthiest four-year stretches seen," said S&P Global Ratings analyst Neel Gopalakrishnan. Added to this is India's economic growth, which is the highest in the region, at 6 per cent for 2023 a...
Rated Indian companies are in good credit shape: S&P Global Ratings
Rated Indian companies are in good credit shape: S&P Global Ratings
Source: IANS
4/07/2023 7:13:34 PM
Indian economy expected to clock average growth rate of 6.7% till FY27: S&P`s Vishrut Rana S&P Global Ratings Senior Economist (Asia Pacific) Vishrut Rana has said Indian economy is expected to clock an average growth rate of 6.7 per cent till 2026-27 fiscal driven by domestic consumption. Further, he stated the economic growth in the current fiscal (FY24) is expected to come in around 6 per cent, lower than 7.2 per cent clocked in 2022-23. He stated ‘We are seeing some headwinds from the trade side which is affecting activity and that is one of the factors that is aff...
Indian economy expected to clock average growth rate of 6.7% till FY27: S&P`s Vishrut Rana
Indian economy expected to clock average growth rate of 6.7% till FY27: S&P`s Vishrut Rana
Source: Accord Fintech
30/06/2023 11:06:28 AM
India`s rating upgrade hinges on sustainable fiscal consolidation, low inflation - S&P analyst S&P Global Ratings could consider an upgrade in India's sovereign rating if the country's fiscal metrics improve on a sustained basis and inflation is persistently lower, aided by monetary policy actions, an analyst at the agency said on Wednesday. S&P in May affirmed its 'BBB-' long-term and 'A-3' short-term, unsolicited foreign and local currency sovereign credit ratings on India, while retaining the outlook on the long-term rating at stable. Currently,...
India`s rating upgrade hinges on sustainable fiscal consolidation, low inflation - S&P analyst
India`s rating upgrade hinges on sustainable fiscal consolidation, low inflation - S&P analyst
Source: Reuters
28/06/2023 3:34:49 PM
S&P raises assessment of Indian banking sector on  S&P Global Ratings on Tuesday raised its assessment of India's banking sector, citing a "strong recovery" underway in the Indian financial sector. India's 'Banking Industry Country Risk Assessment', an indicator of an economy's financial sector, has been raised one notch to 5 from 6 earlier, the rating agency said in a note. Risk scores range from 1 to 10, with 10 signalling the highest risk. "We believe asset quality will continue to stre...
S&P raises assessment of Indian banking sector on
S&P raises assessment of Indian banking sector on "strong recovery"
Source: Reuters
27/06/2023 9:00:01 AM
S&P Global Ratings retains India`s GDP growth forecast at 6% for FY24 S&P Global Ratings has retained India's Gross domestic product (GDP) growth forecast at 6 per cent for FY24 and said it will be the fastest growing economy among Asia Pacific nations. It noted that the GDP growth forecast for the current and the next fiscal has been kept unchanged from the forecast made in March partly on account of domestic resilience.  S&P said in India, under the assumption of normal monsoons, headline consumer inflation is likely to soften to 5 per cen...
S&P Global Ratings retains India`s GDP growth forecast at 6% for FY24
S&P Global Ratings retains India`s GDP growth forecast at 6% for FY24
Source: Accord Fintech
26/06/2023 11:28:04 AM
India`s May factory activity grows at fastest pace since October 2020 SOURCE India's factory output expanded at the quickest pace since October 2020 last month thanks to strong demand and output, while improved optimism led firms to hire at the fastest rate in six months, a private survey showed on Thursday. While regional peers such as China, Japan and South Korea have seen their manufacturers struggle for prolonged periods, solid growth in the sector has been one of the primary drivers of India's economy over the past few quarters. The Manufacturing Pu...
India`s May factory activity grows at fastest pace since October 2020 SOURCE
India`s May factory activity grows at fastest pace since October 2020 SOURCE
Source: Reuters
1/06/2023 10:48:36 AM
Indian banking sector profitability to stabilise at healthy level: S&P Global Ratings S&P Global Ratings has said Indian banking sector profitability will stabilise at a healthy level, and asset quality will continue to improve. It said a strong recovery is underway in the Indian banking sector, and lenders have just reported their best results in a decade.  Indian banking profitability is benefiting from higher net interest margins and lower credit costs. India's strong economic performance is bolstering the banking sector. S&P Global Ratings credit analys...
Indian banking sector profitability to stabilise at healthy level: S&P Global Ratings
Indian banking sector profitability to stabilise at healthy level: S&P Global Ratings
Source: Accord Fintech
26/05/2023 10:22:35 AM
S&P Global Ratings affirms India`s sovereign rating at `BBB-` with stable outlook S&P Global Ratings has affirmed India’s sovereign rating at ‘BBB-’ with a stable outlook and said that strengths lie in a fast-growing economy and strong external balance sheet but flagged weak fiscal performance and low GDP per capita. It said the Indian economy is set for real GDP growth of about 6 per cent in 2023, which compares favourably with emerging market peers amid a broad global slowdown. Investment and consumer momentum will underpin solid growth prospects ov...
S&P Global Ratings affirms India`s sovereign rating at `BBB-` with stable outlook
S&P Global Ratings affirms India`s sovereign rating at `BBB-` with stable outlook
Source: Accord Fintech
19/05/2023 9:38:52 AM
S&P retains India credit rating; expects sound fundamentals to underpin growth The Indian economy is performing well amid challenging global conditions and sound fundamentals will underpin its growth over the next two to three years, S&P Global Ratings said on Thursday, retaining the country's sovereign credit rating. S&P affirmed its 'BBB-' long-term and 'A-3' short-term, unsolicited foreign and local currency sovereign credit ratings, while retaining the outlook on the long-term rating at stable. "The stable rating outlook reflec...
S&P retains India credit rating; expects sound fundamentals to underpin growth
S&P retains India credit rating; expects sound fundamentals to underpin growth
Source: Reuters
18/05/2023 5:02:34 PM
India`s services sector activity hits near 13-year high in April India’s services sector witnessed a fastest growth in the month of April, with demand strength promoting the fastest increases in new business and output in close to 13 years. Companies became more optimistic towards future business activity, but job creation remained negligible. As per the survey report, the seasonally adjusted S&P Global India Services PMI Business Activity Index jumped to 62.0 in April from 57.8 in March. Further, the S&P Global India Composite PMI Output ...
India`s services sector activity hits near 13-year high in April
India`s services sector activity hits near 13-year high in April
Source: Accord Fintech
3/05/2023 1:07:12 PM
India`s April services activity hits near 13-year high, inflation accelerates India's services activity expanded at the fastest pace in nearly 13 years in April, driven by robust demand, according to a private survey which also showed price pressures increased at their fastest rate in recent months. Strong growth in services, which make up around 60% of India's overall gross domestic product output, paints an encouraging picture for the South Asian nation's economic prospects, at least for the near term. The S&P Global India services Purchasing Ma...
India`s April services activity hits near 13-year high, inflation accelerates
India`s April services activity hits near 13-year high, inflation accelerates
Source: Reuters
3/05/2023 10:56:29 AM
S&P Global unveils enhanced employee benefits with `People First 9.0` S&P Global on Tuesday launched "People First 9.0", the latest iteration of its enhanced global benefits policy across all its markets, including India. The policy impacts more than 12,500 people in India with a commitment to lead with care and empathy and enable the company's people to thrive at work, at home and in life. According to the company, the policy embodies a mindset and philosophy that inspires a comprehensive support mechanism for employees and aims to crea...
S&P Global unveils enhanced employee benefits with `People First 9.0`
S&P Global unveils enhanced employee benefits with `People First 9.0`
Source: IANS
2/05/2023 4:08:08 PM
India`s manufacturing sector activity jumps to 57.2 in April India's manufacturing sector activity improved in the month of April, as factory orders and production rose at the strongest rates in 2023 so far, more jobs were created and companies stepped up input purchasing owing to stock-replenishment efforts. According to the report, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) surged to 57.2 in April from 56.4 in March.  The report further noted that new orders placed with goods producer...
India`s manufacturing sector activity jumps to 57.2 in April
India`s manufacturing sector activity jumps to 57.2 in April
Source: Accord Fintech
2/05/2023 1:22:36 PM
India`s Axis Bank has enough capital to absorb Q4 loss -S&P Indian private lender Axis Bank Ltd has adequate capital to absorb the loss it posted for the fourth quarter which was mainly due to an asset write-down related to a deal to buy some Citigroup assets, S&P Global Ratings said on Friday. The bank closed a $1.4 billion deal to buy Citigroup Inc's local consumer and non-banking finance businesses in March, after which it wrote off goodwill and intangibles generated on the acquisition. That pushed Axis to a standalone loss of 57.28 b...
India`s Axis Bank has enough capital to absorb Q4 loss -S&P
India`s Axis Bank has enough capital to absorb Q4 loss -S&P
Source: Reuters
28/04/2023 1:43:25 PM
S&P keeps India`s GDP growth forecast unchanged at 6% in FY24e S&P Global Ratings has kept its forecast for India's Gross domestic product (GDP) growth unchanged at 6 per cent in the fiscal year starting April 1, before rising to 6.9 per cent in the following year. In the quarterly economic update for Asia-Pacific, S&P saw inflation rate easing to 5 per cent in 2023-24 fiscal, from 6.8 per cent in the current financial year. The rating agency saw India's GDP likely growing by 7 per cent in the current financial year ending March 31 (20...
S&P keeps India`s GDP growth forecast unchanged at 6% in FY24e
S&P keeps India`s GDP growth forecast unchanged at 6% in FY24e
Source: Accord Fintech
28/03/2023 11:25:36 AM
India bats for sovereign rating upgrade in review with global agencies  India is seeking an upgrade to its sovereign credit rating, currently at the lowest-possible investment grade, as the Asian nation believes its economic metrics have improved considerably since the pandemic, a senior government official said on Monday. The country's federal finance ministry met representatives from the top three rating agencies–Fitch Ratings, Moody’s Investors Service and S&P Global Ratings–after the government presented its annual budget on...
India bats for sovereign rating upgrade in review with global agencies
India bats for sovereign rating upgrade in review with global agencies
Source: Reuters
13/03/2023 3:57:04 PM
India`s strong macroeconomic trends improve credit quality of finance companies: S&P Global  The credit quality of Indian finance companies will continue to improve owing to the country's strong macroeconomic trends, said S&P Global Ratings. The improvement in credit profiles of finance companies will be far from uniform, said S&P Global credit analyst Deepali Seth Chhabria. "Stronger companies will likely gain market share, given their better funding access. Meanwhile, weaker players could resort to originate-and-distribute business models to tide over...
India`s strong macroeconomic trends improve credit quality of finance companies: S&P Global
India`s strong macroeconomic trends improve credit quality of finance companies: S&P Global
Source: IANS
13/03/2023 1:46:15 PM
Credit rated Indian banks can move over to IFRS 9: S&P Global Ratings Credit rated banks in India are well placed to transition to the expected credit loss approach under the International Financial Reporting Standard 9 (IFRS 9) which is more forward looking, said S&P Global Ratings. "We believe IFRS 9's more forward-looking approach to provisioning will improve the timeliness of loan-loss provisions, more closely align reporting with global norms, and facilitate regulatory oversight that should help to mitigate disclosure complexities," S&...
Credit rated Indian banks can move over to IFRS 9: S&P Global Ratings
Credit rated Indian banks can move over to IFRS 9: S&P Global Ratings
Source: IANS
1/03/2023 4:27:34 PM
S&P places Adani Transmission's ESG evaluation under review on potential governance issues  Credit rating agency S&P Global Ratings on Thursday placed its ESG (environment, social and governance) Evaluation for India-based Adani Transmission Ltd. (ATL) under review. This follows recent allegations of significant governance issues at the Adani group of companies. "We aim to complete our review of the ESG Evaluation in the coming months. We will assess the implications of the allegations on our ESG Evaluation," S&P Global said. On January 24, 2023, a s...
S&P places Adani Transmission's ESG evaluation under review on potential governance issues
S&P places Adani Transmission's ESG evaluation under review on potential governance issues
Source: IANS
16/02/2023 5:19:43 PM
Financial condition expected to be tighter: CRISIL Ltd Even as central banks are expected to slow their pace of rate hikes in 2023, financial conditions are expected to remain tight, said CRISIL Ltd on Monday. In a report, the credit rating agency said the financial conditions are expected to be tight due to the US Fed's policy rates at a decadal high in 2023 despite the looming recession. S&P Global expects the Fed policy rate to peak at 5-5.25 per cent in April-June 2023, with rate cuts only towards the end of the year. The US Fed...
Financial condition expected to be tighter: CRISIL Ltd
Financial condition expected to be tighter: CRISIL Ltd
Source: IANS
17/01/2023 9:59:24 AM
Global central banks extend rate hike push in November The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy makers around the globe battle decade high inflation. Central banks overseeing six of the 10 most heavily traded currencies delivered 350 basis points (bps) of rate hikes between them last month. The U.S. Federal Reserve, the Bank of England, the Reserve Bank of Australia, Norway's Norges Bank, Sweden's Riksbank and the Reserve Bank of New Zealand all raised interest rates in ...
Global central banks extend rate hike push in November
Global central banks extend rate hike push in November
Source: Reuters
5/12/2022 12:15:17 PM
Indian manufacturing activity expands faster in November Indian manufacturing activity expanded further in the month of November, on the back of quickest increases in new orders and production. Buying levels expanded at a marked and accelerated rate as firms also sought to benefit from relatively mild price pressures. According to the report, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) increased to 55.7 in November from 55.3 in October. The report further noted that a stronger upturn in facto...
Indian manufacturing activity expands faster in November
Indian manufacturing activity expands faster in November
Source: Accord Fintech
1/12/2022 3:05:35 PM
India November factory activity hits 3-month high as inflation cools India's factory activity expanded at its fastest pace in three months in November, a private survey showed on Thursday, signalling resilient demand despite deteriorating global economic conditions as input cost inflation fell to a two-year low. Consumer inflation in South Asia's largest economy eased significantly in October to 6.77% from September's five-month high of 7.41%, indicating price rises may moderate and providing some succour to manufacturers. The Manufacturing P...
India November factory activity hits 3-month high as inflation cools
India November factory activity hits 3-month high as inflation cools
Source: Reuters
1/12/2022 11:37:54 AM
S&P Global forecasts India's growth at 6% for 2023, 7% for 2022 Pegging India's gross domestic product (GDP) growth at seven per cent for 2022 and six per cent for 2023, global credit rating agency S&P Global Ratings said the forecast has been lowered by 0.5 per cent for next two fiscal years. In a research report S&P Global Ratings said India's forecast has been lowered by 0.5 percentage points for the next two fiscal years on slower global demand. Regional growth remains healthy overall. Meanwhile at global level, S&P Global Ra...
S&P Global forecasts India's growth at 6% for 2023, 7% for 2022
S&P Global forecasts India's growth at 6% for 2023, 7% for 2022
Source: IANS
1/12/2022 10:23:32 AM
S&P Global lowers 2023 growth forecast for emerging markets S&P Global Ratings lowered its 2023 growth forecast for emerging economies on Tuesday, citing persistent pressures from the Russia-Ukraine conflict, a lingering COVID-19 pandemic and tight monetary policy conditions. The ratings agency now projects real gross domestic product growth of 3.8% next year, down from its previous forecast of a 4.1% expansion. "The downward revision to growth comes from all EMs (emerging markets) excluding China and Saudi Arabia, with most economies p...
S&P Global lowers 2023 growth forecast for emerging markets
S&P Global lowers 2023 growth forecast for emerging markets
Source: Reuters
29/11/2022 2:15:58 PM
PSB stocks on 52-week high riding on record profits, double-digit loan growth Public sector bank stocks have rallied more than 25 per cent post their stellar Q2 financial results with net profit jumping by 50 per cent. Union Bank of India stock price is up by 60.8 per cent over the last month among the PSU bank stocks. Bank of India is up by 56.1 per cent during the month while UCO Bank is up by 32.4 per cent. The Nifty PSU Bank index made a new 52-week high on Friday. The index was up by 21.35 per cent last month. Amber Pabreja, Founder and CEO of Trendlyne, ...
PSB stocks on 52-week high riding on record profits, double-digit loan growth
PSB stocks on 52-week high riding on record profits, double-digit loan growth
Source: IANS
19/11/2022 12:34:30 PM
Many PSBs saddled with weak assets, high credit costs: S&P Global Ratings While the government-owned State Bank of India (SBI) and leading private banks have addressed their asset quality challenges, the same cannot be said about many other Indian public sector banks (PSB), said S&P Global Ratings in its latest research report on the global banking scene. According to the report, many large PSBs are still saddled with weak assets, high credit costs and poor earnings and the polarisation of the bank performance will persist. Simply put, credit cost is the ...
Many PSBs saddled with weak assets, high credit costs: S&P Global Ratings
Many PSBs saddled with weak assets, high credit costs: S&P Global Ratings
Source: IANS
19/11/2022 12:13:06 PM
About half of rated Indian companies getting profitability boost from rupee depreciation: S&P S&P Global Ratings has said that about half of the Indian companies that it rates are getting a boost in their core profitability from rupee depreciation. It said ‘much of our rated India corporate portfolio has sizable US-dollar linked revenue and, therefore, is not exposed to rupee depreciation. This encompasses entities in the IT, metals, and chemicals sectors. About half of the firms we rate are getting an EBITDA boost from currency weakening.’ S&P said domestically...
About half of rated Indian companies getting profitability boost from rupee depreciation: S&P
About half of rated Indian companies getting profitability boost from rupee depreciation: S&P
Source: Accord Fintech
11/11/2022 11:22:24 AM
Skyrocketing dollar: Resolution involves politics and not just economics says S&P Global Ratings The skyrocketing of the US dollar against various currencies in 2022 is posing problems for advanced and emerging markets, but there is no easy option available, said S&P Global Ratings. According to the report, the resolution of the issue is not just dependent on economics but also on politics. In a research report, S&P Global Ratings said there are no easy options to correct the US dollar's upward trajectory for advanced a nd emerging markets. The US dollar has risen 17...
Skyrocketing dollar: Resolution involves politics and not just economics says S&P Global Ratings
Skyrocketing dollar: Resolution involves politics and not just economics says S&P Global Ratings
Source: IANS
7/10/2022 12:16:00 PM
India`s Services PMI accelerates to 57.2 in August With stronger gains in new business, ongoing improvements in demand, job creation and overtime work, India’s services sector activity witnessed a sharp improvement in the month of August. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from July’s four-month low of 55.5 to 57.2 in August, amid a quicker upturn in business activity and the sharpest rise in employment for over 14 years. This is thirteenth straight month when the services sector...
India`s Services PMI accelerates to 57.2 in August
India`s Services PMI accelerates to 57.2 in August
Source: Accord Fintech
5/09/2022 5:29:36 PM
NPLs of banks likely to decline to 5-5.5% of total advances by March 2024: S&P Global Ratings S&P Global Ratings in its latest report has said that non-performing loans (NPLs) of banks are expected to decline to 5-5.5 per cent of the total advances by March 2024. Similarly, it forecast the credit costs to stabilise at 1.5 per cent for fiscal 2023 and further normalise to 1.3 per cent, making credit costs comparable to those of other emerging markets and India's 15-year average. The small and midsize enterprise sector and low-income households are vulnerable to rising interest ...
NPLs of banks likely to decline to 5-5.5% of total advances by March 2024: S&P Global Ratings
NPLs of banks likely to decline to 5-5.5% of total advances by March 2024: S&P Global Ratings
Source: Accord Fintech
22/07/2022 11:04:07 AM
S&P lowers India's growth projection for current fiscal to 7.3% Amid rising inflation and the longer-than-expected Russia-Ukraine conflict, credit rating agency, S&P Global Ratings in its ‘Global Macro Update to Growth Forecasts’ report has cut India's growth projection for the current fiscal to 7.3 percent from 7.8 percent earlier pegged in December last year. According to the report released by the rating agency, inflation remaining higher for a long is a worry, which requires central banks to raise rates more than what is current...
S&P lowers India's growth projection for current fiscal to 7.3%
S&P lowers India's growth projection for current fiscal to 7.3%
Source: Accord Fintech
18/05/2022 1:26:35 PM
S&P 500 books worst start to a year since 1939 Marked by stomach-churning volatility and bruising losses in once-popular technology trades, the S&P 500 booked its worst start to a year through the first four months of 2022 in over 80 years, with the steepest decline in April, down 4.9 per cent, contributing to the unsettling, bearish tone, MarketWatch reported. The broad-market S&P 500 SPX closed out Friday down 13.3 per cent, representing the most unsightly four-month period to start a calendar year since 1939, when it decline...
S&P 500 books worst start to a year since 1939
S&P 500 books worst start to a year since 1939
Source: IANS
1/05/2022 9:40:32 AM
Growth opportunities will result Indian renewable companies highly leveraged: S&P Global Ratings Global credit rating agency S&P Global Ratings on Monday said the Indian renewable energy sector will be highly leveraged owing to the growth opportunities. In its new report "India Renewables: Growth Trumps Deleveraging" S&P Global Ratings said the multi-decade growth opportunities for renewable energy in India will result in persistently high leverage across the sector. "Weaker operating performance, delayed receivables collections and high capital expenditure w...
Growth opportunities will result Indian renewable companies highly leveraged: S&P Global Ratings
Growth opportunities will result Indian renewable companies highly leveraged: S&P Global Ratings
Source: IANS
18/04/2022 2:02:20 PM
Global bond sales to cross $10 trillion in 2022 -S&P LONDON -Global sovereign borrowing will reach $10.4 trillion in 2022, nearly a third above the average before the coronavirus pandemic, S&P Global Ratings said in a report. Despite an economic recovery, borrowing will stay elevated because of high debt rollover requirements and war in Ukraine, the ratings agency said in an annual note. While 137 countries will borrow an equivalent of $10.4 trillion in 2022, an estimated 30% lower than 2020, the overall figure is one-third higher tha...
Global bond sales to cross $10 trillion in 2022 -S&P
Global bond sales to cross $10 trillion in 2022 -S&P
Source: Reuters
5/04/2022 4:49:31 PM
Last year's winners are this year's losers in S&P index The change in the global equity market leadership looks ever more pronounced in terms of the shift from growth to value stocks, Jefferies analyst Christopher Wood said. Value stocks have now outperformed growth stocks by 16.1 per cent since mid-November as per the MSCI index, he said in his commentary, Greed and Fear. Overall, the current situation can best be summarised as the inverse of Goldilocks. It also continues to look ever more the case that the FANG stocks peaked as a percentag...
Last year's winners are this year's losers in S&P index
Last year's winners are this year's losers in S&P index
Source: IANS
19/02/2022 5:38:24 PM
S&P revises outlook on Indian Bank to Stable Credit rating agency S&P Global Ratings has revised its outlook on public sector mortgage lender Indian Bank to stable from negative. According to the rating agency, Indian Bank's capitalisation has strengthened owing to its recent equity capital raising and improving profitability. The stable outlook reflects our expectation that Indian Bank's capitalization should be able to withstand modest asset quality pressures over the next 24 months. S&P Global, at the same ti...
S&P revises outlook on Indian Bank to Stable
S&P revises outlook on Indian Bank to Stable
Source: IANS
6/08/2021 5:14:03 PM
S&P Global cuts India's growth forecasts, trims EM overall LONDON- S&P Global cut its growth forecasts for some of Asia's top economies including India, the Philippines and Malaysia on Monday, offsetting upgrades to China and South Africa and much of Latin America. The estimates, which feed into S&P's closely-followed sovereign ratings, saw India's growth projection chopped to 9.5% from 11% due to its COVID-19 outbreak, the Philippines' lowered to 6% from 7.9% and Malaysia's downgraded to 4.1% from 6.2%. In contrast,...
S&P Global cuts India's growth forecasts, trims EM overall
S&P Global cuts India's growth forecasts, trims EM overall
Source: Reuters
29/06/2021 9:59:37 AM
S&P lowers India's FY22 growth to 9.5% Ratings agency S&P Global Ratings on Thursday lowered India's economic growth forecast to 9.5 per cent for this fiscal from an earlier prediction of 11 per cent. According to the ratings agency, India's growth in fiscal 2023 (ending March 31, 2023) will likely come in at 7.8 per cent. "A gradual revival is underway after a severe second Covid-19 outbreak in April and May led to lockdowns across much of the country and to a sharp contraction in economic activity," S...
S&P lowers India's FY22 growth to 9.5%
S&P lowers India's FY22 growth to 9.5%
Source: IANS
24/06/2021 2:16:38 PM
S&P slashes India's GDP growth forecast to 9.5% in FY21s S&P Global Ratings has slashed India's Gross domestic product (GDP) growth forecast to 9.5 percent for the current fiscal (FY21), from 11 percent earlier, and warned of risk to the outlook from further waves of COVID pandemic. It lowered the growth outlook saying that a severe second COVID-19 outbreak in April and May led to lockdowns imposed by states and sharp contraction in economic activity. Stating that permanent damage to private and public sector balance sheets will constrain g...
S&P slashes India's GDP growth forecast to 9.5% in FY21s
S&P slashes India's GDP growth forecast to 9.5% in FY21s
Source: Accord Fintech
24/06/2021 12:16:16 PM
S&P Global Platts launches Carbon-Neutral LNG assessment S&P Global Platts, the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, on Wednesday announced the launch of the world's first daily carbon-neutral LNG price assessment (CNL), which tracks the cost of carbon credits purchased and retired to offset the carbon emissions for an LNG cargo on the world's most active trade route. The assessment brings transparency to this growing portion of the LNG market as the indus...
S&P Global Platts launches Carbon-Neutral LNG assessment
S&P Global Platts launches Carbon-Neutral LNG assessment
Source: IANS
16/06/2021 2:56:20 PM
S&P 500, Nasdaq futures drop as investors await key inflation data Futures tracking the S&P 500 and the Nasdaq fell on Monday as investors remained on the fence ahead of key inflation data later this week, while heavyweight technology shares largely shrugged off a deal by the world's richest nations on a global minimum corporate tax. The Group of Seven (G7) advanced economies agreed on Saturday to back a minimum global corporate tax rate of at least 15%, but analysts said immediate market implications would be minimal since the details remained to...
S&P 500, Nasdaq futures drop as investors await key inflation data
S&P 500, Nasdaq futures drop as investors await key inflation data
Source: Reuters
7/06/2021 4:53:09 PM
$210M daily output loss in India over April-June in severe scenario: S&P Global Ratings S&P Global Ratings estimates $210 million in lost output daily in India due to second Covid wave over April-June in a severe scenario model. In a moderate scenario, pandemic peaks end May and mobility 25 to 30 per cent below normal before recovering by September. In a severe scenario, pandemic peaks late June, declines slower and mobility 40 per cent below normal, normalizes only by year-end. In this scenario, initial shock relays through economy via various channels - labour market...
$210M daily output loss in India over April-June in severe scenario: S&P Global Ratings
$210M daily output loss in India over April-June in severe scenario: S&P Global Ratings
Source: IANS
8/05/2021 4:23:31 PM