scorecardresearch
Monday, June 24, 2024
TopicS&P Global Ratings

Topic: S&P Global Ratings

S&P declares India rating at lowest investment grade for 14th year in row

India's strong external settings will act as a buffer against financial strains despite increased government funding needs in next 24 months, S&P Global Ratings stated.

S&P raises India’s GDP forecast to (-) 7.7% for FY21

The US-based rating agency said rising demand and falling infection rates in India have led to revision of the real GDP growth from the negative 9% growth previously.

Indian banking system will be among last to recover due to NPA overhang, S&P says

The rating agency says India, Mexico, and South Africa are among the banking systems that will be slower to recover to 2019 levels — likely beyond 2023.

S&P slashes India’s growth forecast to -9% from previous estimate of -5% in FY 2021

The global ratings body said rising Covid cases in India will keep private spending and investment lower for longer.

Sinking rupee is hurting Indian firms that haven’t hedged their foreign debt

As rupee slides, unhedged firms that swapped overseas debt into local currency and don’t have foreign-currency revenues face higher repayment costs.

On Camera

Delhi dating scene has a lawyer-engineer fatigue. Diversify your right swipes

Navigating dating apps is as risky as trading stocks. It makes sense to spread our assets—school teachers, DJs or public policy nerds; diversity is important.

India’s aviation sector set to boom under Modi 3.0 but ‘emerging duopoly’ could hurt consumers

Sector analysts warn that with Go First expected to remain grounded & SpiceJet struggling, industry is likely to consolidate to just 2-3 player market, hampering competition.

Army hospital commandant says no misuse of disability pension grant. ‘Scrutiny at all levels’

Lt Gen Nilakantan says revised Entitlement Rules & Guide to Medical Officers for pensions had been revised to rationalise disability classification, quantification & granting of disability.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.