Mumbai (Maharashtra) [India], October 4: CareEdge Ratings, India's leading credit rating agency, today announced that it has become the first Indian credit rating agency to enter the Global Scale Ratings space, through its subsidiary, CareEdge Global IFSC Limited.
India's high foreign exchange reserves and low levels of external debt are contributing to its overall credit profiling, said CareEdge Ratings on Thursday, as the rating agency assigned 'BBB+' sovereign ratings to India.
India's general government debt is expected to gradually decrease to 78 per cent of GDP by FY30 and further to 73.5 per cent by FY35, driven by healthy nominal GDP growth. However, CareEdge noted that India's elevated government debt levels and weak debt affordability remain key credit co
American credit rating agency Fitch Ratings, on August 29, affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook.
Singapore, Aug 23 (ANI): S&P Global Ratings believes low vaccination rates mean likely resurgences of new Covid cases in some parts of Asia Pacific in the next year or so.
Hong Kong, July 6 (ANI): Fitch Ratings said on Tuesday there were no sovereign rating upgrades and only three downgrades in 1H21, marking the fewest rating actions in a six-month period in more than 20 years.
Singapore, June 24 (ANI): Fitch Ratings has upgraded Reliance Industries Ltd's (RIL's) long-term foreign-currency issuer default rating to BBB from BBB-minus with a negative outlook.
Hong Kong, May 3 (ANI): Asia Pacific economies are recovering from the initial shock of the Covid-19 pandemic but intra-regional disparities in the magnitude of shock and durability of growth outlooks are increasingly evident, Fitch Ratings has said.
Singapore, January 28 (ANI): S&P Global Ratings expects most Asia Pacific sovereign credit ratings to remain unchanged in the next one to two years despite the continued pressures posed by Covid-19.
Singapore, December 7 (ANI): Fitch Ratings has affirmed Axis Bank's long-term issuer default rating at BB-plus with a negative outlook and its viability rating at bb.
Singapore, December 4 (ANI): Fitch Ratings has affirmed State Bank of India's (SBI's) long-term issuer default rating at BBB-minus with a negative outlook.
Singapore, Oct 7 (ANI): Fitch Ratings has affirmed Export Import Bank of India's (EXIM) long-term issuer default rating at BBB-minus with negative outlook, mirroring the outlook on India's sovereign rating (BBB-minus/negative).