S&p Global Ratings

Thursday, Apr 25, 2024 | Last Update : 11:19 AM IST

Bank employees wear masks as a precautionary measure following the coronavirus pandemic. (PTI)

Covid19 impact: Banks to witness spike in credit costs, non-performing assets in 2020

Asia-Pacific governments, central banks, and supervisory authorities have rolled out diverse measures to address COVID-19

06 Apr 2020 12:38 PM

Sources said that the fundraising is likely to be in range of USD 750 million to USD 1 billion, and the final figure will be arrived at based on the market response. (Photo: File | PTI)

Bharti Airtel plans to raise up to USD 1 billion; subsidiary Network i2i to issue bonds

Bharti Airtel has appointed a clutch of bankers including BofA Merrill Lynch, Barclays among others as joint bookrunners.

01 Oct 2019 12:34 PM

Prime Minister Narendra Modi-led BJP has won 303 seats out of 542 in 2019 Lok Sabha elections. (Photo: File | PTI)

Reform potential of new government to improve foreign capital flow: S&P

A decisive majority assures foreign investors for whom continuity, policy stability are key investment considerations, S&P said.

27 May 2019 3:42 PM

Thomas Cook India Group. (Photo: Twitter)

Thomas Cook downgraded for default risk

Thomas Cook also said it is considering multiple bids for either parts or the whole of its airline operation.

24 May 2019 2:17 AM

Further, policy implementation remains sub-par in India, the S&P Global Ratings report noted.

GST will not reduce deficits of Indian state governments significantly: Report

A report by S&P Global Ratings said that GST will not help tackling the deficits of the State Governments.

07 May 2019 1:59 PM

"We would like to inform that based on S&P Global Ratings, the credit rating of the company and Jaguar Land Rover Automotive Plc has been downgraded," Tata Motors said in a regulatory filing.

S&P downgrades Tata Motors, subsidiary JLR credit rating for weak profits

The rating agency cited weakness in profitability of JLR as main reason for downgrading credit rating of Tata Motors and JLR.

29 Mar 2019 12:56 PM

The regulatory mechanism still results in reasonably predictable cash flows for GHIAL over the five-year regulatory period, despite interim tariff volatility due to delayed regulatory resets.

GHIAL outlook stable

The tariff mechanism will allow for the eventual recovery of costs, capital spending, and returns, it said.

23 Mar 2019 1:59 AM

The revenue environment for rated corporates is facing increasing global risks such as China's slowdown, trade war escalation, or a disorderly Brexit. (Representational image)

Indian corporates may see slowdown in revenue growth over 24 months: S&P

Global risks like stability of commodity prices, demand from the US, China will have greater influence on the fortunes of Indian companies.

19 Feb 2019 2:44 PM

In the past three months, 10 public sector undertakings (PSUs) have announced or executed buybacks for a cumulative amount of Rs 15,000 crore.

S&P foresees 'credit risks' for PSUs supporting govt exchequer via share buybacks

The share buybacks announced so far, including the Rs 4,000-crore offering at Oil and Natural Gas Corp.

29 Jan 2019 2:48 PM

Noting that the rupee remains volatile alongside emerging market assets, the rating agency said a weaker and more volatile rupee would likely result in increased hedging costs for firms.

Telcos may see negative impact

It expects the credit profile of rates infrastructure firms to be largely protected from the current bout of rupee depreciation.

17 Aug 2018 12:45 AM

The government’s ongoing recapitalisation program of Rs 2.1 lakh crore will help shore up depleted capital positions. (Representational image)

Banks set to be stronger: S&P

The rating agency hinted about a possible review of ratings going ahead.

01 Aug 2018 1:50 AM

The US-based rating agency assesses management's ability and expertise to grow the business sustainably while rating banks.

ICICI, Axis troubles highlight governance issues in Indian banks: S&P

Axis Bank's gross non-performing asset ratio of 6 per cent is similar to ICICI Bank's 8 per cent.

12 Apr 2018 11:52 AM

Bharti Airtel's takeover of Tata Teleservices' consumer mobile business will bolster its subscriber and revenue market share but could raise integration risk, said S&P Global Ratings.

Airtel's takeover of Tata Tele beneficial but raises integration risk: S&P

The S&P Global Ratings note added however that it expects Bharti to be able to manage the integration risk.

16 Oct 2017 1:26 PM

S&P expects the government's commitment of support to PSU banks remains in place.

PSU banks need Rs 1.9 lakh cr capital by March 2019: S&P

Public sector banks will need substantial capital to make large haircuts on loans to unviable stressed projects.

01 Aug 2017 6:53 PM

S&P said performance of the Indian public sector banks that it rates was dismal in the fourth quarter of fiscal 2017.

NPAs will rise to 15 per cent: S&P

PSBs will struggle to meet Basel-III standards due to low capital.

31 May 2017 12:44 AM

Government's capital infusion and extraordinary support will be a key rating factor for India's PSU banks.

Indian banks' bad loans may rise to 15 pc by Mar 2018: S&P

Government has promised to infuse Rs 70,000 crore into its PSU banks over 2016-2019.

30 May 2017 5:35 PM

1 of 1

Columns

Dilip Cherian