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Ratings Downgrade

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S&P rating alert: Hung parliament can trigger a downgrade

Dec 12, 2013

S&P rating alert: Hung parliament can trigger a downgrade

India's sovereign rating may come under pressure if general elections due by May next year end up with a hung parliament or with a government unable to push through reforms, Standard & Poor's said on Wednesday. #S&P #India #Reforms #rating downgrade #Hung Parliament
Slowing economy may force Chidambaram to wield budget knife

Oct 03, 2013

Slowing economy may force Chidambaram to wield budget knife

The finance minister may have to slice at least Rs 20000 crore from government spending to prevent a budget blow-out, which could threaten to send the country's credit rating into "junk" status, two ministry officials said. #GDP #finance ministry #Chidambaram #budget cuts #rating downgrade
Govt taking reform measures, India won't be dowgraded: Rangarajan

Sep 13, 2013

Govt taking reform measures, India won't be dowgraded: Rangarajan

"The rating agencies have been talking about the reforms having been put on the back burner. But that is no longer true. Many important legislations were passed (recently) ... Therefore, I would think the rating agencies have no case for any downgrading," he said in reply to a query after release of the 'Economic Outlook 2013-14' report. #Economy #Rangarajan #WhoSaidWhat #rating downgrade #Reform measures
Only big-bang diesel hike can save India from a downgrade

Sep 03, 2013

Only big-bang diesel hike can save India from a downgrade

Any under-recovery leads to a higher expenditure for the central government and thus a higher fiscal deficit. A higher fiscal deficit needs to be controlled by increasing the price of diesel. #India #Diesel #Growth #Oil marketing companies #rating downgrade
After Fitch downgrade, Moody's lowers China outlook

Apr 16, 2013

After Fitch downgrade, Moody's lowers China outlook

Moody's Investors Service on Tuesday affirmed China's government's bond rating of Aa3 but cut the outlook to stable from positive, the second pessimistic revision by a foreign ratings agency this month. #Economy #China #Moody's #ExpertView #Fitch #Ratings Downgrade
Moody's maintains negative outlook for Spanish banks

Apr 06, 2013

Moody's maintains negative outlook for Spanish banks

International credit ratings agency Moody's has said it would keep a "negative" outlook on the Spanish banking industry. #Moody's #ExpertView #euro crisis #Spanish Banks #Credit Rating Downgrade
India's rating downgrade chances depend on reforms: Fitch

Feb 01, 2013

India's rating downgrade chances depend on reforms: Fitch

Prospects of downgrading India's credit rating will depend on whether government can stick with its reforms agenda and consolidate public finances, Fitch Ratings said today. #Reforms #ExpertView #Fitch ratings #Ratings Downgrade
Govt confident of meeting fiscal target, not worried about Fitch warning

Jan 08, 2013

Govt confident of meeting fiscal target, not worried about Fitch warning

Fitch, during a recent conference call in Tokyo, had reiterated its threat to downgrade India's rating against the backdrop of slowing growth, high inflation and rising fiscal deficit. #finance ministry #fiscal deficit #Fitch #rating downgrade
Despite reforms, S&P cuts India GDP forecast to 5.5%

Sep 24, 2012

Despite reforms, S&P cuts India GDP forecast to 5.5%

The agency also cut China's gross domestic product growth forecast to 7.5 percent from 8 percent and Japan's to 2 percent from 2.5 percent. #S&P #ExpertView #rating downgrade
Rating downgrades can hit India Inc's overseas funding: RBI

Jun 29, 2012

Rating downgrades can hit India Inc's overseas funding: RBI

The central bank said a large part of foreign currency borrowings by Indian companies are in loans not debt. #Inflation #Manmohan Singh #RBI #Reserve Bank of India #Fitch Inc. #rating downgrades