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BRICS agree to set up credit rating agency

Five-nation group BRICS Sunday agreed to set up an independent rating agency based on market-oriented principles saying it would further strengthen global governance architecture.

 Kamath bats for BRICS rating agency, says Big 3 constraining growth in emerging nations

Kamath bats for BRICS rating agency, says Big 3 constraining growth in emerging nations

Batting for a new credit rating agency backed by BRICS group, New Development Bank president K V Kamath on Saturday said methodologies of the big three global agencies are constraining growth in emerging nations.

Urjit Patel as RBI Governor indicates policy continuity: Nomura

Urjit Patel as RBI Governor indicates policy continuity: Nomura

The appointment of Urjit Patel as the next RBI Governor signals government's preference for policy continuity and commitment to low inflation, says Japanese financial services major Nomura.

Rural inflation is higher than urban: Crisil

Rural inflation is higher than urban: Crisil

Rating agency Crisil on Monday said while urban inflation fell from 9 percent to 5.3 per cent, rural inflation declined from 10.1 per cent to 6.2 per cent in the last one year.

 

'Narendra Modi government's fiscal policy quite prudent; improving India's quality of growth'

'Narendra Modi government's fiscal policy quite prudent; improving India's quality of growth'

Rating agency Crisil has heaped praises on PM Narendra Modi-led government at the Centre.

Commodity prices, construction key for rural economy: Icra

Commodity prices, construction key for rural economy: Icra

While favourable monsoon will be vital for rural recovery, the trend in commodity prices and recovery in construction activities also hold equal importance, domestic rating agency Icra said.

Fitch retains India's rating, says growth will continue

Fitch retains India's rating, says growth will continue

India will continue to post good growth despite subdued prospect for the Asia Pacific region amid expected rise in US rates, dollar strength, and lower commodity prices, Fitch said while retaining India's rating.

India pitches for rating upgrade by S&P on strong macro data

India on Monday pitched for rating upgrade by Standard and Poor's citing strong macroeconomic indicators, low inflation and improvement in fiscal as well as current account deficits.

LCV sales to remain subdued during current fiscal: ICRA

Medium and heavy truck segment is likely to grow by up to 14 percent in the ongoing fiscal, while light commercial vehicle sales would remain subdued, rating agency ICRA said on Wednesday.

Russia announces creation of credit rating agency

Russia's central bank said Friday it would launch a new credit rating agency by the end of the year in an apparent bid to rival US firms that recently downgraded the country's sovereign debt.

Crisil Q2 Net rises 12% to Rs 65 crore

Country's largest rating agency Crisil Friday reported an over 12 percent rise in its consolidated net profit at Rs 64.92 crore for the second quarter ended June 2015.

June quarter may see a mere 3% revenue growth: Crisil

June quarter may see a mere 3% revenue growth: Crisil

Rating agency Crisil on Tuesday painted a gloomy picture on the earnings front.

India to grow at 7.8% in 2015, surpass China: Fitch

Among the BRICS grouping, GDP growth will range from 7.8 per cent in India to a contraction of 3 per cent in Russia and 1.5 per cent in Brazil this year, said the Global Economic Outlook released by the Fitch Ratings.

Moody's retains SBI deposit ratings at Baa3

Moody's retains SBI deposit ratings at Baa3

Global rating agency Moody's has affirmed State Bank of India's (SBI) local and foreign currency deposit ratings at Baa3/P-3.

ICRA pulls out services from Indonesia

Rating agency ICRA Ltd Monday said it has withdrawn its services from Indonesia in the wake of significant challenges in the current environment in the country.

Steel prices may stay under pressure in FY16: Moody's

Subdued domestic demand and rise in imports from China, Russia and Korea had exerted pressure on steel realisations in the last fiscal, he added.

Fitch retains BBB- rating on IDFC despite asset quality risks

Rating agency Fitch on Friday affirmed 'BBB-' rating with a stable outlook on infra lender IDFC -- which is racing to convert itself as a commercial bank -- despite the company facing severe asset quality issues.

GDP in FY15 may have grown lower at 7.3% than Central estimate

Rating agency India Ratings and Research on Wednesday said the country's GDP may have grown at 7.3 percent in FY 2014-15 which is slightly lower than Centre's estimate of 7.4 percent.

India sees stable growth momentum, says OECD

In 2015-16, Gross Domestic Product (GDP) growth is pegged at 8-8.5 percent.

'Junk bonds: Domestic cos provide highest investor protection'

International rating agency Moody's today said the recent international junk bond sales by domestic companies offer the best protection to investors as they have the highest overall covenant quality scores.