All the new rules will do is repackage the rating process
Credit rating agencies' credibility is touching new lows with every financial crisis. Setting operational guidelines is fine but unless they have their skin on the table, their callous attitude will go unchecked
The proposal was approved at the regulator’s board meeting in December last year, but a circular has not been formally issued yet.
S&P Global Ratings today said its rating on telecom operator Bharti Airtel is unaffected by the company's plan to sell 10.3 percent stake in its subsidiary Bharti Infratel, but added the deal will help improve its financial ratios.
ICRA today said it has upgraded rating outlook of Adani Ports and Special Economic Zone (APSEZ) from 'negative' to 'stable' and reaffirmed long term rating at AA+.
Brickwork Ratings has removed its 'under watch' rating on Tata Chemicals' Rs 250 crore non- convertible debentures and assigned rating with stable outlook, a development that comes days after TCS chief N Chandrasekaran was named new Executive Chairman of Tata Sons.
Renewable energy solution provider Suzlon Group today said that rating agency CARE has upgraded its investment grade credit rating to BBB from the earlier BBB- .
S&P Global Ratings today said its rating on Reliance Industries is unaffected as the company's energy projects will soon start generating cash flows and offset the impact of outgo because of large spectrum purchase.
Ratings agency Fitch today upgraded Tata Motors-owned Jaguar Land Rover's (JLR) long-term foreign-currency issuer default rating and senior unsecured ratings to 'BB+' from 'BB-' with stable outlook.
CARE has lowered by a notch its rating of Adani Power's long-term bank facilities on account of delays in refinancing of its external commercial borrowings (ECBs) and consequent adverse impact on its debt coverage indicators.
JP Morgan has re-iterated its 'Overweight' rating on JSW Steel citing possibility of marked improvement in FY17 EBITDA/tonne for large domestic players due to upward momentum in domestic steel prices and declining pressure from imports.
S&P Global Ratings has lowered the long-term corporate credit rating of Rolta India to default (D) from selective default (SD) due to missed interest payment.
Dubai, Mar 5 (AFP) Moody's has lowered the credit ratings of Oman and Bahrain and placed the remaining Gulf oil exporters on review for downgrade, saying low crude prices have weakened their economies.
CNBC-TV18 polled a cross-section of regulators, economists, bankers and fund managers to get a sense of how they will rate Rajan's two years at the central bank.
IDBI's buffers against further asset quality stress remain weak. Its core tier 1 of 7.29 percent at end March 2015 is low on an absolute level.
As the Narendra Modi government, which had come to power on a sweeping mandate for change, completes a year in office, CNBC-TV18‘s Latha Venkatesh sits down with corporate chieftains to understand how much things have really changed, when it comes to the economy.
Moody's said India‘s credit profile will improve if policies address weaknesses in its fiscal metrics and banking system
After Moody‘s upgraded India‘s ratings outlook from stable to positive, while reaffirming its rating at Baa3, former Reserve Bank of India governor and former prime minister economic advisor C Rangarajan said rating agencies would be â€œcompelledâ€ to upgrade the country‘s ratings once GDP growth hits 8 percent.
Jaitley said the outlook upgrade by Moody's would send out a positive signal to global investors.
Moddy's said there was increasing probability that actions by policy makers will enhance the country‘s economic strength, and by extension, the sovereign‘s financial strength over coming years
P Sudhakar, additional general manager, CARE Rating, says the steps taken by the company to improve its balancesheet by raising equity aids the decision to upgrade the company.
Prashant Jain knew that his funds' bet last year on the economy turning around was a tad early, which resulted in their under-performance in 2013. So he sat on his portfolio till he was proved right.
CLSA sees limited near triggers for Biocon's valuation gap to narrow with peers
The announcement briefly sent the yen to a seven-year low against the dollar and pushed 10-year Japanese government bond (JGB) futures down by 10 ticks.
Venus Remedies stretched liquidity is on account of the significant increase in total cost of the large debt-funded capital expenditure over the past one year and high working capital requirements. The company is undertaking capex towards setting up marketing office.