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Contrasting reactions: Govt trashes S&P, but India Inc whines

Firstpost brings together some of the most widely-reported comments post S&P's statement.

RBI and falling rupee: Battle just keeps getting tougher

Selling dollars to defend the rupee without policy reforms provides only temporary respite and further reduces its reserves.

Now, SBI, ICICI and 9 financial institutions face S&P ire

The outlook revision follows a similar action on the sovereign credit rating on India.

Experts see S&P downgrade put strain on Indian rupee

Following India's downgrade by Standard & Poor's from stable to negative, experts are of the view that the ratings agency outlook is likely to put a strain on the rupee.

S&P affirms UK's AAA credit rating, outlook stable

The agency said the rating outlook was stable, reflecting its "expectation that the government will continue to consolidate public finances", though it expects the economy to grow about 1.6% each year until 2015

S&P: Don't foresee immediate negative impact of budget on rating

The government set a fiscal deficit target of 5.1 percent of gross domestic product for the fiscal year that begins in April, down from an expected 5.9 percent in 2011/12.

'Tariff hike at Delhi Airport to hurt low-cost airlines'

The tariff hike will not only impact the credit quality of airlines, but may also impact core PPP projects in India, said S&P today.

Moody's downgrades Greece; warns of bond defaults

Moody's Investors Service cut Greece's sovereign debt rating to the lowest possible level after a debt-restructuring deal that imposes hefty losses for private creditors.

Why R Golpalan feels S&P downgrade was unfair

Economic affairs secretary R Gopalan tells CNBC-TV18 in an interview that he did not expect S&P to downgrade outlook for India.

S&P downgrades eurozone bailout fund to AA+

Rating agency Standard & Poor's says it has downgraded the creditworthiness of the eurozone's rescue fund by one notch to AA+, putting the fund's ability to raise cheap bailout money at risk.