Standard & Poor's Current Affairs, GK & News

Fitch Ratings revises India’s growth estimate to 12.8%

American credit rating agency, Fitch, has published its ‘Global Economic Outlook (GEO)’. Fitch has revised GDP growth estimate of India to 12.8% for the fiscal year 2021-2022 from the previous 11%. Ratings were revised in the backdrop of loose fiscal stance, stronger carryover effect, and better virus containment. Key Points Ratings agency finds that level ..

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What is the meaning of credit rating?

Credit rating is a rating in form of a full report which rates a particular business as per the credentials and the soundness of the financial statements like various terms of borrowing and lending etc. Thus it is linked to the financial instrument. The report represents financial credibility of the business entity as determined by ..

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Infosys appoints Roopa Kudva as independent member of board

India’s second largest software services firm, Infosys has appointed Roopa Kudva as an independent member on its board of directors. At present, she is managing director (MD) and chief executive officer (CEO) of Crisil, a subsidiary of global rating agency- Standard & Poor’s. About Roopa Kudva Kudva had joined Crisil in 1992 and was appointed its MD ..

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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 ..

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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 ..

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