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S&P downgrades Tata Steel to 'BB-' on weak operating performance

S&P downgrades Tata Steel to 'BB-' on weak operating performance

Rating agency Standard & Poor's (S&P) Wednesday downgraded steel major Tata Steel to 'BB-', a low investment grade rating, over persistent subdued operating performance amid subdued demand and low steel prices.

Moody's cuts Greece rating deeper into junk territory

Moody's has cut its credit rating for Greece to a deep-junk "Caa3", warning it is now less likely that official creditors will support the country, whatever happens in Sunday's referendum.

S&P downgrades Bank of India on weakening asset quality

Global rating agency Standard & Poor's Thursday downgraded Bank of India's long-term issue ratings on weakening asset quality.

Ratings agencies assign stable outlook on RCom's $300 mn debt

Ratings agencies Moody's and Fitch have assigned stable outlook on USD 300 million debt facility of telecom firm Reliance Communications.

Lower monsoon not to impact rating; policy actions key: Moody's

India's below normal monsoon is unlikely to impact credit rating, Moody's Thursday said while asserting that government policy action and reforms going forward will be key to an upgrade.

Moody's ups India's rating outlook to positive; Fitch keeps it stable

In a big vote of confidence in the Modi government, rating agency Moody's Thursday raised India's credit outlook to 'positive', while Fitch projected faster growth -- raising hopes for an upgrade in its sovereign rating in the next 12-18 months.

Bank stocks surge up to 6% on rating outlook upgrade

Bank stocks Thursday surged by up to 6 percent, after Moody's raised India's credit rating outlook to 'positive'.

Fitch retains India's credit outlook at 'stable'

Global rating agency Fitch Thursday retained India's credit outlook at 'stable' saying although "dynamism" is back in the economy translation of reforms into higher growth would depend upon actual implementation.

Rating upgrade, 7% growth rate not far off for India: Citi

Citigroup Thursday said if India continues to surprise in the New Year the way it did in 2014, then there are more upsides on its way which could well be capped by a sovereign rating upgrade by global agencies next fiscal, and it is on course to achieve 7 percent growth rate.

Speedy reforms good for India's sovereign rating: Moody's

Rating agency Moody's Investors Service Wednesday said the sovereign outlook for the country remains stable at Baa3, but future rating trends depend on the reform measures taken by the government.

India pitches for rating upgrade, says will keep fiscal in check

Pitching for the country's rating upgrade, Finance Ministry officials on Monday informed credit ratings agency Moody's that the Budget 2014-15 has provided an impetus to growth and the government is taking steps to keep the fiscal deficit under check.

S&P evaluating Modi govt's policies for rating change

Global rating agency Standard & Poor's has said it evaluating policies of the Narndera Modi- led BJP government for a review of India's sovereign rating, now pegged at the lowest investment grade.

S&P hikes Ireland's credit rating

Ireland`s net general government debt was forecast to peak at 127 percent of GDP in 2013, and to fall to 112 percent by 2017.