India should be rated at least one or two grades higher than what it is at present by global rating agencies, Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister, said on Monday. Sanyal said India just about makes it past the investment grade in the ratings of the agencies,… Continue reading India’s sovereign ratings by global agencies utterly absurd: Sanjeev Sanyal
Tag: Ratings
Debt-burdened global leaders just love to hate ratings companies: Report
By Matthew Boesler, Craig Stirling and Paul Abelsky No amount of power and prosperity can stop the irritation of getting judged for your borrowing habits, as the world’s biggest economy just experienced. The US downgrade from AAA by Fitch Ratings this week is just the most high profile episode in a new era of… Continue reading Debt-burdened global leaders just love to hate ratings companies: Report
S&P Global Ratings revises outlook to negative for Vedanta Resources
S&P Global Ratings on Thursday revised the credit outlook for Vedanta Resources Ltd to negative, citing increased funding risks. The agency has affirmed the ‘B-‘ rating for the company. It indicates a relatively higher credit risk. In a statement, it said Vedanta Resources’ weakened access to cash flow from its operating subsidiaries… Continue reading S&P Global Ratings revises outlook to negative for Vedanta Resources
Sharp rise in unsecured loans may push credit costs: India Ratings
India Ratings warns that non-banking finance companies (NBFCs), particularly fintechs focusing on unsecured loans, might face heightened credit costs. These entities have been increasingly pursuing unsecured loans for higher yields in an intensely competitive market. During the financially challenging period marked by the Covid-19 pandemic in FY21 and FY22, NBFCs exhibited caution in… Continue reading Sharp rise in unsecured loans may push credit costs: India Ratings