Standard Poors
Recent Highlights
All Stories for Standard Poors
S&P's BBB- rating and stable outlook for India irks govt, official says status quo in rating 'is a bid unfair'
•In January 2007, S&P had raised sovereign credit ratings on India to 'BBB-' with a stable outlook, from 'BB+'
Full text: S&P maintains India's sovereign rating at BBB- with outlook stable
Fp Staff •Despite two quarters of weaker-than-expected growth, India's economy is forecast to grow robustly in 2018-2020 and foreign exchange reserves will continue to rise, S&P said.
S&P says RBI's handling of demonetisation raises doubt over its competence and independence
•The slow replacement of the abolished bills has sparked a shortage of cash that has hit large parts of the economy, and the RBI and government have had to subsequently announce a series of ad hoc measures to ease the impact of the measure
Moody's affirms India's rating, says upgrade after reform measures produce results
•Moody's becomes the second ratings agency after Standard & Poor's to decline an upgrade to India's ratings despite government lobbying
S&P affirms India ratings at BBB-, says upgrade unlikely this year or next
Fp Staff •However, S&P has credited the NDA government for making progress in building consensus on passage of laws to address long-standing impediments to the country's growth
SolarCity accepts Tesla's $2.6 billion offer; both shares fall
•SolarCity has come under pressure from rivals offering low-cost solar energy from large, utility-scale installations, and because some state governments have reined in subsidies that encouraged rooftop solar.
SolarCity accepts Tesla's $2.6 billion offer; both shares fall
Fp Archives •SolarCity agreed to Tesla Motors Inc's $2.6 billion offer to buy the solar panel installer
GST Bill: With Congress giving in, it’s time BJP invoked Chanakya sutra
Dinesh Unnikrishnan123 •Whether the Congress gets credit or the BJP for GST is only a concern and a matter of interest only for Indian politicians and local media.
Ratings agencies rip into UK's credit score after Brexit vote
•Finance minister George Osborne said on Monday the British economy was strong enough to cope with the volatility caused by Thursday's referendum.
Now S&P's Paul Sheard, Allianz's Mohamed El-Erian root for Rajan's 2nd term
Fp Staff •Several of them augur that retaining Rajan will be a good bet for the government as his in-depth knowledge about the banking system and economy will hold good, especially, at a time when the economy has shown steady signs of improvement