International rating agency Standard & Poor's Ratings Services on Monday revised its outlook on India's 'BB' long-term foreign currency rating to positive from stable, based on the improving external position.
Sahai, who did his master's in economics from the University of Delhi, is currently head of Citi's Securities and Fund Services business.
Standard & Poor's Ratings Services on Wednesday affirmed its BB foreign currency and BB+ local currency, long-term sovereign credit ratings on India.
Expressing concern over high debt exposure of many companies in India, global rating agency Standard & Poor's on Tuesday warned India Inc that high oil prices can trigger inflationary pressures, trim corporate profits and slow down industrial activit
The global rating agencies S&P and Moody's have downgraded the credit ratings for several government-related entities in Dubai on fears about the government's failure to provide timely financial support to them.
S&P Rating Services report said oil and gas companies would hold steady through 2007. However, there is a chance that the turmoil in the credit market may negatively affect ratings down the line.
Standard & Poor's Ratings Services, the international rating agency, has said that India is the second-fastest growing economy in the world with an average growth rate of more than 8 per cent over the past three years.
China will lead Asia-Pacific sovereigns in economic growth in 2008, followed by India, Standard & Poor's Ratings Services said. Though Japan is still the largest economy in the region, China' growth could position the country as the biggest economy in Asia-Pacific and the second-largest globally within the next five years.
But says govt finances the weakest aspect of the country's macroeconomic profile.
Responding to what is widely felt by the political establishment in Europe to be the "destabilising" role played by credit ratings agencies in the ongoing euro zone crisis, the European Commission unveiled measures to curb their power.
Standard & Poor's has revised the outlook on India's 'BB' long-term foreign currency rating from negative to stable, reflecting the improving external finances.
The growth prospects are particularly high for Indian companies in the speciality and complex generic drugs segment in the US, the report said.
India has emerged as the brightest spot in the Asia Pacific region as reform has picked up pace in the country in recent months, a top credit rating agency has said.
Rating agency expects current account deficit to remain at a modest 1.4% at end of FY16 and stay at similar level till 2018
Weak economy and high interest rates in India, which have adversely affected cash flows and debt-servicing ability, have prompted the companies to improve their financial profiles.
The corporate credit rating with a positive outlook, BBB, is higher than India's rating and "highlights the financial robustness of our business model and operating strengths of the company," TCS informed the Bombay Stock Exchange. According to S&P, the company has strong liquidity, with cash and bank deposits of Rs 1,230 crore (Rs 12.3 billion), about 9.4 per cent of total assets as on March 31, 2007.
Obtaining reliable information is the essence of a sound investment strategy and one of the most reliable suppliers of financial information in India is CRISIL or the Credit Rating and Information Services of India Limited.
In a report on the rupee's depreciation, S&P said, "Revenue for companies that export and operate overseas would rise, because they would get more rupees for the goods and services they sell."
The rupee hit a near 10-month high as an alliance led by pro-reform and business friendly Hindu nationalist Narendra was on course for an absolute majority.
Global ratings agency Standard & Poor's has also raised India's sovereign credit rating to investment grade after a gap of nearly 16 years.
Global rating agency Standard & Poor's on Thursday warned Asia may see lower growth this year due to adverse impact of oil price pressure and tsunami, but said India will be an 'exception.'
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
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The rupee had slumped to a record low of 59.9850 rupee to the dollar on Thursday, as the country's record high current account deficit is exacerbating its vulnerability in an emerging market rout.
Rating agency Standard & Poor's on Friday revised upwards the long-term corporate credit ratings of software majors TCS, Infosys and Wipro to 'A' from 'BBB+.'
Most respondents understand inflation, but very few understand risk diversification, says the ratings agency in its Global Financial Literacy Survey
Amid rupee sliding below 64 to a dollar, global agency Standard & Poor's on Tuesday said it will maintain negative outlook for the country as currency depreciation is adversely impacting investor confidence.
'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.
S&P said Indian technology players will continue to grow at a slightly slower pace over the next two to three years due to technological disruptions.
The global ratings agency keeps India's sovereign rating unchanged at 'BBB-' with stable outlook
The central bank will come out with fresh set of guidelines for companies applying for on-tap bank licence
Government hits back, tells rating agency to introspect on processes.
Gandhi also attacked Prime Minister Narendra Modi over the economic situation in the country, saying the PM should get his head "out of the sand" to deal with the problem facing the country.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
Investors with stalled projects and mounting bad debt will refinance their loans.
The S&P BSE Sensex ended 190 points up at 23,382.
Diesel makes up nearly half of fuel demand in Asia's No 3 economy.
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