Rating Downgrade

Shares of DHFL tank nearly 16% as Icra, Crisil downgrade rating of company's Rs 850 cr worth of commercial paper

Shares of Dewan Housing Finance Corporation plummeted nearly 16 percent on Thursday as domestic rating agencies Icra and Crisil downgraded rating on Rs 850 crore worth of commercial paper of DHFL

Moody's downgrades Punjab National Bank on the impact of Nirav Modi fraud

International rating agency Moody's on Monday said it has downgraded state-run Punjab National Bank's (PNB) rating to Ba1/NP from Baa3/P-3, due to impact on the lender's profitability following Nirav Modi-fraud case

Fitch downgrades IDBI Bank's rating to BB+ citing poor asset quality; keeps outlook stable

Last week Moody's had downgraded the bank's ratings to Ba2 from Baa3

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.

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.<br /><br />

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.<br /><br />

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.

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.

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.