A credit agency evaluates the credit worthiness of an issuer of specific types of debt.
President Barack Obama on Monday strongly defended US credit after a historic debt downgrade by rating agency S&P and said America will always be AAA nation as its economic problems were 'eminently solvable', given the political will.
Facing criticism inside the United States for downgrading America's credit rating from AAA to AA+, the Standard and Poor's Indian-American president Deven Sharma has said that the agency's decision was made mainly because of the rising debt levels and the process of resolving things.
Out of 200-odd countries, just 16 nations have the coveted triple-A rating.
The Reserve Bank of India (RBI) is likely to soon notify that the information about an individual captured in 'Aaadhar', issued by the Unique Identification Authority of India (UIDAI), would be sufficient to fulfill the KYC (know your customer) norms for all financial products.
'I didn't even know where Bombay was before I came here.'
All the newspapers and business news channels on Monday morning told us that the world is now going to change again. But these very guys had no clue till a few days back, and were gung ho about the Indian economy, the Sensex and pretty much everything else.
If the fiscal position of the United States deteriorates further or if the political gridlock becomes more entrenched, then that could lead to a downgrade.
Investors say stocks to drift further, but impact of rating downgrade may be short-term.
'Other designers take empty suitcases and go shopping for the actors's clothes in New York.' 'To me, this is bankruptcy of imagination.'
TV actress Ratan Rajput gives readers the details.
Celebrating Aamir Khan and his 55 popular songs on his 55th birthday
Other noodle, pasta brands in scanner after Maggi.
CRPF Inspector General Pankaj Kumar Sinh said a joint team of CRPF jawans and state police deployed in Jagargunda area of Dantewada had gone for area domination exercise when about 200 Naxals started firing at them near Aasrampura village.
It also said that PAN card without Aadhaar number would not be treated invalid till the Constitution bench decides the larger issue of Right to Privacy.
India's curve, yet to flatten vis-a-vis countries with similar or more conservative plans to ease restrictions, still points to 'exponential growth', despite India having tested much fewer people.
First Goa, now Gujarat!
Kallara Sante is not very entertaining but it is a watchable film for politically-conscious film fans.
'I am just making a creative film. It has nothing to do with propaganda.'
The United States army has unveiled a pocket-sized spy drone disguised as a hummingbird -- it measures just 16 centimetres and weighs less than an AA battery. The mini spy plane can fly up to 11 miles an hour and took five years to develop at a cost of $ 4 million.
It held that though the LG was not a 'titular head', he should not emerge as an 'adversary having a hostile attitude' towards the Council of Ministers but rather act as a facilitator.
Producer Shilpa Ganesh has teamed up with hubby Ganesh for her second Kannada home production Kool.
'Whenever you see him on television or anywhere else, he gives off grandfatherly vibes.'
The cricketer got engaged to British model-turned-actress Hazel Keech in Bali recently, and we hear the couple is planning to tie the knot in February 2016.
The cricketer got engaged to British model-turned-actress Hazel Keech in Bali recently, and we hear the couple is planning to tie the knot in February 2016.
The deadline for linking PAN with Aadhaar for taxpayers was to end on Thursday.
Sukanya Verma celebrates its grandeur and grandiloquence in 25 glorious frames on its diamond anniversary.
Agni Sreedhar debuts as a director with this Kannada film.
Sukanya Verma wishes the actor on his 40th birthday by listing her five favourite Saif Ali Khan scenes.
Unlike bank FDs that are considered risk-free investments, NCDs do carry a certain amount of risk, primary among them is the risk of default, either servicing the interest payment or meeting their principal repayment obligations.
The department feels that the non-quoting of PANs by deductees is creating problems in the processing of returns of income and in granting credit for tax deducted at source, leading to delays in issue of refunds.
The trio of Madan-Jagapathi Babu and Priyamani are back with their latest Telugu film titled Pravarakyudu.
The Kannada movie shows how humanity cuts across religious barriers.
'Like you have your first child, your first kiss, your first relationship... this was a first for me.' 'I've never done this before.' 'When it got over, there was a feeling of disbelief that we managed to attain this feat in a matter of three days.'
A look at K M Chaithanya and Chethan's second Kannada film together.
India captain Harmanpreet Kaur revealed that she wanted to take an indefinite break from the game because of the controversy that followed the World T20 in the West Indies.
Yet another honour for Javed Akhtar.
Sukanya Verma looks at the colourful portrayal of this festival on the Bollywood screen.
The Prime Minister's Office has suggested that EPFO should deploy 15 per cent of its funds as loan for low cost housing saying it would generate a credit flow of Rs 70,000 crore (Rs 700 billion).
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