Credit rating agencies: GK, Current Affairs, Questions, Trivia and News

Bank of Baroda signs MoU with Care Ratings to assess SMEs’ credit quality

Indian Public sector bank, Bank of Baroda recently signed an MoU with Indian credit rating agency, Care Ratings. The pact aims to assess credit quality of the small and medium enterprises (SME) customers of the bank. The rating agency is expected to evaluate the credit quality of the existing and potential SME customers of the ..

SEBI tightens Disclosure Norms for Rating Agencies

The Securities and Exchange Board of India (SEBI) has introduced a strict disclosure framework for credit rating agencies (CRAs). New Norms CRAs must disclose a probability of default (PD) benchmark for the companies rated by them. CRAs must also disclose sensitive factors which can potentially impact the rating of the instruments which include financials and ..

RBI to create Specialised Supervisory and Regulatory Cadre

The Reserve Bank of India has decided to create a specialised supervisory and regulatory cadre for strengthening the supervision and regulation of commercial banks, urban cooperative banks and Non-Banking Financial Companies. Why the Specialised Cadre? There were criticisms against the central bank that the RBI was lax in the supervisory functions, especially in timely detection ..

Moody’s Investors Service upgrades India’s sovereign ratings

International rating agency Moody’s Investors Service has recently upgraded the Government of India (GoI)’s local and foreign currency issuer ratings to Baa2 from its lowest investment grade (Baa3) and changed the outlook on the rating to stable from positive. Moody’s has also upgraded India’s local currency senior unsecured rating to Baa2 from Baa3 and its ..

Moody’s slashed India’s Growth projections to 5.5%

Moody’s Analytics slashed India’s growth projections to 5.5 % for the fiscal year 2012-13. It attributed the cut to inaction by government and poor monsoon. Prior to this, CLSA and Citigroup had slashed their growth forecasts for India to 5.4 % and 5.5 %, respectively for the fiscal year ending in March 2013.

Moody’s rates India’s sovereign credit outlook stable

Global Rating Agency, Moody’s Investment Services has kept India’s sovereign credit outlook stable. As per the agency a slowdown in growth and investment is expected to be transitory. As per its report, certain recent negative trends, lower growth, sluggish investment and poor business sentiments are unlikely to become permanent or even medium term features of ..

Moody’s cut credit outlook of 28 Spanish banks

Global ratings agency Moody’s downgraded the credit ratings of 28 Spainish banks a week after Spain asked for money to aid them. As per the Moody’s Spain’s declined creditworthiness means a fragile credit profile for Spanish banks. Among those who have been downgraded is Banco Santander. Its long-term rating has been slashed to BAA 2 ..

India might be 1st BRIC to lose investment rating: S&P

As per the ratings agency Standard & Poor’s India may become the 1st BRIC country to be degraded in investment grade rating. What is the reason that might lead India loose its investment rating? Slow GDP growth and degree of susceptibility to economic shock are reasons behind the possible fall in ratings Rating prospects shows ..