S&P's BBB- rating and stable outlook for India irks govt, official says status quo in rating 'is a bid unfair'
• 7 years agoIn 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 • 7 years agoDespite 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
• 8 years agoThe 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
• 8 years agoMoody'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 • 8 years agoHowever, 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
• 9 years agoSolarCity 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 • 9 years agoSolarCity 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 • 9 years agoWhether 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
• 9 years agoFinance 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 • 9 years agoSeveral 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