India Rating
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IL&FS case: SEBI widens investigation into role of rating agencies; looks into possible systemic lapses at all five rating agencies
•Grant Thornton said it identified multiple e-mails over the period from 2008 to 2018 which indicate that the IL&FS group was under stress or faced liquidity issues since 2015.
India's GDP likely to recover in Q4 of FY19; third quarter may remain slow, says Niti Aayog vice chairman
•The growth in GDP in July-September is the lowest in three quarters but better than 6.3 percent in the same period of the previous year.
Banks may stay away from NBFC, HFC bonds under special window: India Ratings
•It expects that PCE-backed bond issuances by NBFCs and HFCs, which are subordinated instruments for banks, will take time to take off.
Politics may be hidden factor in S&P's no-change credit rating outlook for India
Narayanan Madhavan •Recent actions such as a disciplining of either media entities or NGOs are bound to be watched keenly by international ratings agencies
S&P's decision to hold India rating for 2 yrs hits Modi govt where it hurts the most
Fp Staff •With S&P ruling out any rating upgrade for two more years, the NDA government seems to be running out of luck on this count
Finance Ministry pitches for rating upgrade with Moody's citing reforms
•India’s sovereign rating by Moody’s stands at ‘Baa3’, the lowest investment grade—just a notch above ‘junk’ status.
CAD could narrow to within 1% of GDP in Q3: Rating agencies
Fp Archives •India's exports grew 3.49 percent in December to USD 26.3 billion, while imports dipped 15.25 per cent which helped narrow the trade deficit to USD 10.1 billion compared with USD 17.5 billion in the same period of 2012.
Govt says 'nothing to worry' despite S&P's threat to downgrade India
Fp Archives •While retaining India's sovereign rating at 'BBB-' with a negative outlook citing high fiscal and current account deficits, S&P said there is at least a one-in-three likelihood of a downgrade within the next 12 months.
Reforms hurdle, slowdown can lead to India downgrade: Fitch
Fp Archives •Fitch said several of the proposals announced by the government require legislative approval and policy reversals cannot be ruled out.
S&P downgrade and India's return to Slumdog status
Vivek •India suffers from an Azhar syndrome. We have taken our prosperity for granted, and ignored the possibility that we could go back to Slumdog status