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Latest Articles in S P Global Ratings

Indian Banks Face Systemic Risk, Second COVID Wave To Impair Performance: S&P

The government has also announced a Rs 7,500 crore-credit guarantee scheme for banks' new lending to microfinance borrowers through microfinance institutions.

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Rupee Pares Losses To Close Flat At 73.34 On Dollar Sale By Exporters

The rupee later cut losses and finally ended at 73.34, registering a rise of 1 paisa over its previous close of 73.35 against the US dollar.

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India's Sovereign Rating To Remain At Current Level For Next 2 Years: S&P

Fitch projected a 12.8 per cent recovery in GDP in the fiscal year ending March 2022, moderating to 5.8 per cent in FY23, from an estimated contraction of 7.5 per cent in 2020-21.

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Second COVID Wave Poses Downside Risks To India's Economic Growth: S&P

India's speedy economic recovery right up until March 2021, has partly alleviated non-performing loan stresses

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India's Budget Shot In The Arm For Economy, Fiscal Consolidation Takes A Back Seat: S&P

India's budget for fiscal 2022 (ending March 31, 2022) represents a comprehensive effort by the central government to shore up the country's nascent economic recovery.

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S&P Sceptical Of Allowing Corporates Into Indian Banking

Non-performing assets (NPA) within the corporate sector remains elevated even though it has come down from 18% in March 2018 to 13% in March 2020

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S&P 500 Hits All-Time Closing High After Earnings, Oil Drops On Pandemic Worry

The Dow Jones Industrial Average rose 399.64 points, or 1.37%, to 29,479.81, the S&P 500 gained 48.14 points, or 1.36%, to 3,585.15 and the Nasdaq Composite added 119.70 points, or 1.02%, to 11,829.29.

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S&P Expects India's Economy To Contract 9% In Fiscal 2021

India's high deficit also limits the scope for further fiscal stimulus, S&P added. It expects GDP growth of 6% in fiscal 2022 and 6.2% in fiscal 2023.

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Gulf Firms To Delay Investments Due To Oil, Coronavirus Shocks - S&P

S&P Global Ratings has taken negative rating actions on 16 entities in the six-member Gulf Cooperation Council (GCC) and expects a mid-to-high single-digit economic contraction for most GCC countries this year.

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Axis Bank Shares Tank Over 5 % After S&P Rating Cut

The agency said economic conditions have turned adverse for Indian banks due to COVID-19 and drastic efforts to curtail the spread of the virus have resulted in a sharp economic contraction.

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ADNOC Inks $10 Billion Deal, Keeps Tight Control Of Costs Amid Market Downturn

The venture will bring $10.1 billion in foreign direct investment to Abu Dhabi, where real gross domestic product (GDP) is expected to contract by 7.5% this year, according to S&P Global Ratings.

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Japan Sticks To Budget Surplus Goal Despite Massive Virus Spending

S&P Global Ratings this month cut its outlook on Japan's sovereign debt rating to stable from positive, citing uncertainty over the country's fiscal health.

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Reforms Carried Out By Government Acknowledged By Rating Agencies: CEA

Subramanian said that at the start of this financial year in April "when we were in the first few weeks of the lockdown, we had estimated the growth will be between 1.5 to 2 per cent".

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SoftBank's Creditworthiness Under Pressure Despite Asset Sales, Says S&P

SoftBank has dropped S&P peer Moody's after it cut the tech conglomerate's rating further into junk territory and questioned the viability of its plan to sell down part of its portfolio.

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Airtel-Tata Teleservices Deal Beneficial But Raises Integration Risk: S&P

S&P said however that Airtel's rating is "unaffected" by its recently-announced acquisition of the Tata Group firm

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