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May 23, 2013
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india rating
India deserves upgrade in sovereign rating: Chidambaram
India deserves a rating upgrade in view of improvement in macro-economic situation, the conservative outlook of Standard & Poor's notwithstanding, Finance Minister P Chidambaram said here Monday.
S&P rating: Govt says economy is on right track
Expressing disappointment over S&P's rating action, the government Friday said its fiscal policies are on the right track and there is nothing to be worried about.
S&P warns India of rating downgrade; Govt says nothing to worry
While retaining India's sovereign rating at 'BBB-' with a negative outlook, S&P said there is at least a one-in-three likelihood of a downgrade within the next 12 months.
Only CRR cut can help banks slash lending rates: India Ratings
Banks would find it difficult to pass on the benefits of a rate cut by RBI to borrowers as they continue to feel refinancing pressure, says India Ratings.
Indian government pitches for rating upgrade
Indian government Thursday made a strong pitch for sovereign rating upgrade during a meeting with the representatives of Standard & Poor's, saying the recent reform initiatives would help contain deficits and boost investments and growth.
'Both mines de-allocation, invoking bank guarantees to hit companies'
An inter-ministerial panel's recommendation to both de-allocate coal mines and invoke bank guarantees for some entities due to production delay is "severe" as it leaves no opportunity to develop blocks and simultaneously inflicts financial loss, India Ratings said.
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