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

SEBI’s norm for issuers of municipal bonds

On 12 Nov, the Securities and Exchange Board of India (Sebi) prescribed wider disclosures and compliances norms by the issuers of listed municipal bonds. As per the SEBI norms, listed entities should submit half-yearly unaudited financial results to the stock exchanges within 45 days of the end of the first half of the year and ..

What is behind RIL plans to become a zero-net debt company?

The Reliance Industries group, currently lead by Mukesh Ambani is one of the largest companies in India. This gargantuan conglomerate, which has wide-ranging interests in the hydrocarbon sector to the telecommunications space and the retail market, is looking to reduce its debt. The debt of Reliance Industries While Reliance Industries has been a very cash ..

Fitch Ratings cut India’s GDP growth forecast for FY20 from 7.0% to 6.8%

In its latest Global Economic Outlook (GEO), Fitch Ratings has recently cut India’s economic growth forecast for the financial year FY20 starting April 1, to 6.8% from its previous estimate of 7%, on weaker than expected momentum in the economy. According to Fitch, the RBI has adopted a more dovish monetary policy stance and cut ..

India’s economic growth to accelerate to 7.3% in current financial year FY19: Fitch

In its second-quarter Sovereign Credit Overview for Asia Pacific region, Credit rating agency Fitch has said that India’s economic growth will accelerate to 7.3% in the current financial year FY19 and 7.5% in the next fiscal. The growth rate will accelerate as money supply has recovered to its pre-demonetisation level and disruptions related to the ..

India displaying delayed effects of anti-inflation policies: Fitch

According to Global rating agency Fitch, India, China and Korea — three most powerful emerging Asian economies — are exhibiting delayed effects of tight monetary policies introduced in 2010-11 to tackle inflation. According to Fitch: Slow upgrading in financial position of countries including India and China has come in the way of positive credit rating ..

Government rejects Fitch ratings

Lashing out at global rating agencies for reducing credit outlook of Indian banks, the government held these bodies are fully capitalized and there is nothing to worry about them. Finance Minister Pranab ruled out the Fitch revision enunciating that the rating was based on "older data" as it disregarded recent positive trends. Fitch modified downward ..

Fitch cuts down on India’s credit rating outlook

After Standard and Poor’s another global rating agency Fitch degraded India’s credit rating outlook to negative. As per Fitch: corruption, inadequate reforms, high inflation and slow growth are major reasons behind the fall in ratings sluggish growth and rising inflation in combination with corruption and lack of economic reforms are major the deteriorating agents the ..

Standard & Poor’s lowers India’s rating outlook to negative, warns of downgrade

Standard and Poor’s (S&P), the Global rating agency has lowered India’s rating outlook to -ve citing slow progress on its fiscal situation, as well as deteriorating economic indicators. S&P has also warned of a further downgrade India’s rating in 2 years if there is no improvement in the fiscal situation. Implications:- The lowering of outlook ..