S&P warns India could face junk status
India faces at least “a one-in-three” chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor's has warned, amid new threats to economic growth and reforms.
PMEAC expects 6.7% growth in fiscal 2013
The country's growth rate is expected to pick up in the second half of this fiscal and reach 6.7 per cent for entire 2012-13, Prime Minister's Economic Advisory Council chairman C. Rangarajan said o
S&P cuts ArcelorMittal debt to junk status
Rating agency Standard & Poor's cut ArcelorMittal's long-term debt to junk status on Thursday and said uncertainty about the debt reduction plans of the world's largest steelmaker and a weak sector ou
India's long-term growth potential is 8-9%: Montek
Notwithstanding global credit rating agency S&P's lowering India's outlook to 'negative', the country remains bullish and its long-term economic growth potential is 8-9 per cent, Deputy Chairman of
S&P president steps down after US ratings downgrade
Standard & Poor's president Deven Sharma is stepping down, its parent company announced Tuesday, just weeks after the credit rating agency cut the US sterling AAA rating and sent global markets into t
S&P says France will maintain top rating
Standard & Poor's is confident France will maintain its top AAA credit rating, the agency's European chief said today, amid rumours of a possible downgrade amid intensifying eurozone debt strains.
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Americans give thumbs down to Washington
Barely one in four Americans feels confident that the Obama government can fix America's economic problems with a large majority agreeing that the policymaking process in Washington is unstable and i
Barack Obama defends US credit
US President Barack Obama vowed on Monday that America would always be a ‘triple A country,’ fiercely defending US credit after a historic debt downgrade and saying the economy could be fixed with pol
India also faces downgrade: S&P
Ratings agency Standard & Poor’s (S&P) on Monday has cautioned that it could lower the sovereign ratings of countries like India, Japan and Malaysia, which are still to come out of the economic meltd
US downgrade hits Sensex, Investors lose Rs 1lakh crore
It was a rollercoaster ride for the Sensex on Monday as it plunged nearly 500 points on opening as a knee-jerk reaction to Standard & Poor’s downgrade of America’s triple-A rating by a notch (to AA+)