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 'Don't treat credit ratings as gospel truth'

'Don't treat credit ratings as gospel truth'

As part of efforts to rein in soaring bad loans and restructuring of assets, banks should upgrade skills for greater due diligence to evaluate credit ratings, which need to be treated as "opinion" rather than "gospel truth", says a study.


SEBI to issue tighter norms for credit rating agencies

SEBI to issue tighter norms for credit rating agencies. Watch complete news story of Superfast Future and stay updated with the latest trends and statistics in the stock market, commodity market and share market!

India Inc's investment-grade credit ratings hit record high

India Inc's investment-grade credit ratings hit record high

 India Inc's credit profile was at its best last financial year with over 89 percent of its debt securities being rated as safe for investment -- a record high for such issues.

Regulator Sebi to tighten disclosure norms for rating agencies

Regulator Sebi to tighten disclosure norms for rating agencies

 Concerned over severe spill-over impact of recent drastic downgrades by rating agencies, market regulator Sebi plans to strengthen its disclosure guidelines for issuance and review of the ratings by such entities.

BSNL gets CARE's AAA rating for Rs 8,000 cr long term debt

BSNL said that it has got its long term loan rated by CARE to comply with the condition of public sector banks.

RBI norms on corporate loan recast credit Positive for banks: Moody's

The new RBI guidelines will allow banks to acquire majority equity stakes in corporates that are unable to honour their debt commitments. And acquiring a majority stake would make it easier for the banks to install new company management.

Moody's downgrades IDBI Bank's baseline credit profile

"We consider that IDBI Bank's standalone credit profile continues to be negatively impacted by its asset quality issues. Its impaired loan ratio rose to 14.7 percent at end-March 2015 as against 12.16 percent a year earlier," it said.

Non-investment grade ratings hit record high level

Indicating companies' deteriorating credit profile, nearly 70 percent of their debt securities were assigned 'non-investment grade' ratings in August this year -- the highest monthly figure for such issues in 2013.

FinMin pitches for ratings upgrade for economy with Fitch

The Finance Ministry on Friday made a strong case for rating upgrade of Indian economy by global agency Fitch on the back of increasing investments, declining import of gold and government's commitment to fiscal prudence.

India’s rating upgrade unlikely

On April 25 last year, S&P lowered its outlook on India’s long term rating from Stable to Negative owing to the concerns of slowing growth and deterioration in the external and fiscal position.

Fin Min to pitch for ratings upgrade with Fitch, other agencies

Finance Minister P Chidambaram in 2013-14 Budget has proposed to bring down the fiscal deficit to 4.8 percent from 5.2 percent in 2012-13.

Sebi allows debenture trustees to seek credit rating details

Capital market regulator Sebi on Friday asked the credit rating agencies (CRAs) to share with the debenture trustees all relevant information about the ratings assigned by them for debt securities and about the issuers of such instruments.

Sebi asks India Inc not to drag rating agencies to courts

Sebi Chairman U K Sinha on Wednesday said corporates should not draw credit rating agencies, also overseen by the capital markets regulator, into litigation and let the due process of assessment prevail.

Moody's blasts plan to curb ratings agencies: Report

A European Union plan to impose tougher rules on credit rating agencies is "dangerous" as it is bound to limit the "quality and independence" of the rating process, the president and chief operating officer of Moody's Investor Services told Le Figaro newspaper.

Moody's cut ratings of RBS, Lloyds, 19 other European lenders

Moody's on Friday slashed the ratings of a dozen British banks, including RBS and Lloyds TSB, as well as of nine Portuguese lenders, amid uncertain financial conditions in Europe.

Sebi to keep an eye on rating agencies

Amid a global market mayhem triggered by a rating action in the US, Sebi has decided to keep an "intent watch" on the role of credit rating agencies and risks they might pose to the market -- with an aim to make necessary changes in regulations for these entities.

Obama seeks to salvage US debt ceiling deal

US President Barack Obama summoned top lawmakers to a Saturday meeting to try to salvage a deal on the government's borrowing limit from the wreckage of deficit talks whose collapse pushed the world's largest economy closer to a catastrophic default.