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S&P cuts scandal-hit Volkswagen`s credit rating for 2nd time in two months

S&P cuts scandal-hit Volkswagen`s credit rating for 2nd time in two months

The international credit rating agency lowered to `BBB+` from `A-` its long-term debt rating.

S&P retains India's rating at BBB-, rules out upgrade

S&P retains India's rating at BBB-, rules out upgrade

'BBB' is the lowest investment grade rating and stable outlook reduces risk of possible sovereign rating downgrade.

Bharti Airtel shares rally 5.5% after S&P upgrades rating

Bharti Airtel shares on Friday surged as much as 5.5 per cent after Standard and Poor's upgraded the telecom major's ratings.

S&P 500 index trades above all-time closing high

The Standard and Poor's 500 index rose above its all-time closing high today as investors bid up stocks of financial and technology companies. Bank stocks rose sharply after Bank of America reported that its profit surged to USD 3.44 billion in the fourth quarter. Apple was up 2 per cent.

Netherlands loses `AAA` rating, S&P downgrades to `AA+`

The Netherlands on Friday lost its coveted "AAA" rating as Standard and Poor agency downgraded the country`s rating to "AA+", citing weakening growth prospects.

S&P expects India's economic growth at 6.5% in 2013

Standard and Poor's (S&P) has said it expects India to grow by 6.5 percent during 2013.