Rating Downgrade

Goldman Sachs lowers Bandhan Bank rating to 'neutral', awaits growth outlook

As of April 8, Bandhan Bank's shares closed at Rs 185.1 on NSE, 12 percent lower from Goldman Sachs' target price of Rs 211 per share.

Moody's downgrades Vedanta Resources' corporate family rating to Caa2; outlook remains negative

Moody's rationale for these actions is attributed to Vedanta Resources' lack of meaningful progress in addressing its upcoming debt maturities through refinancing.

Won't downgrade India; Re fall not hurting growth: Moody's

The BAA3 rating that Moody's has on India is itself constrained by wide fiscal deficit, and India is still import dependent in terms of its fuel needs and the recurrent inflationary pressure, all of which are reflected on the rupee level right now. But right now, falling rupee is not hurting the nation as much as investment levels

Low FY13 fiscal deficit cuts downgrade fears: Credit Suisse

Robert Prior-Wandesforde of Credit Suisse sees Indian economy growing at 6.5 percent in current fiscal and does not see risk of downgrade till elections on the back of lower fiscal deficit number.

No serious threat of rating downgrade on India: Chidambaram

Dismissing fears of a rating downgrade, Indian finance minister P Chidambaram on Thursday said the government will announce a host of reform initiatives in the next two years to spur growth momentum.

Need to put an end to ratings debate, says KV Kamath

KV Kamath, chairman of ICICI Bank, believes that rating agencies are not being fair towards India, and says that we need to put an end to the ratings debate with a strong answer.

Judging impact of junk-rated India: not as bad as it looks

As India faces the prospect of being the first BRICS country to lose its investment-grade credit rating, investors have already delivered their verdict: to them, the country already trades at "junk", which should temper any ensuing market reaction.

Here's a look at India's stalled economic reforms

Fears of a rating downgrade and the possible fallout from a euro zone meltdown have forced a sense of urgency on India's beleaguered government, re-igniting hopes for stalled economic reforms.

US downgrade may not hit Indian IT in near term: NASSCOM

India's software services sector, which gets more than half of its revenue from the United States, is unlikely to be affected in the near-term after the US sovereign debt rating downgrade by Standard & Poor's, a leading IT industry lobby group said.

US rating downgrade not relevant to India: Deutsche Bank AG

Taimur Baig, chief economist of India Global Markets Research at Deutsche Bank AG said that India doesn’t have to be worried about the US rating downgrade.