Contrasting reactions: Govt trashes S&P, but India Inc whines
Fp Staff • 13 years agoFirstpost brings together some of the most widely-reported comments post S&P's statement.
RBI and falling rupee: Battle just keeps getting tougher
Fp Archives • 13 years agoSelling 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
Bose • 13 years agoThe outlook revision follows a similar action on the sovereign credit rating on India.
Experts see S&P downgrade put strain on Indian rupee
Fp Archives • 13 years agoFollowing 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
Fp Archives • 13 years agoThe 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
Fp Archives • 13 years agoThe 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'
Fp Archives • 13 years agoThe 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
Fp Archives • 13 years agoMoody'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
Fp Staff • 13 years agoEconomic 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+
Fp Archives • 13 years agoRating 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.