Citi downgrades Cummins India to ''sell'', prefers L&T

Last Updated: Thursday, October 10, 2013, 10:09

Citigroup has downgraded Cummins India to "sell" from "neutral" and cut the price target to 377 rupees from 410 rupees, noting that its shares rallied in the last month despite a difficult operating environment.

Cos'credit quality slipping; NPA seen at 4.4% in March: Crisil

Last Updated: Monday, October 7, 2013, 17:19

Power, road transport and construction sectors witnessed the highest number of downgrades in the first half of the fiscal, Crisil said.

There is no case for India's rating dowgrade: Rangarajan

Last Updated: Friday, September 13, 2013, 16:15

Government has already taken a host of reform measures and there is no case for any downgrade of India's sovereign rating by global agencies, Prime Minister's key economic advisor C Rangarajan said here on Friday.

India dismisses S&P's projection of rating downgrade

Last Updated: Wednesday, September 4, 2013, 19:00

India on Wednesday dismissed the latest projection by Standard & Poor's that there was a more than one-in-three chance of ratings downgrade for the country in the next one to two years, saying there was "no chance" of this prospect.

S&P warns may downgrade India to 'junk' status

Last Updated: Tuesday, September 3, 2013, 14:45

S&P has a "BBB-minus" rating on India with a "negative" outlook. A downgrade would push Asia's third largest economy to "junk" status.

Rocky road ahead for India, says Standard & Poor's

Last Updated: Wednesday, August 28, 2013, 13:54

Global rating agency Standard and Poor's on Wednesday cautioned that large deficit economies including India could face more economic problems in the near term.

S&P maintains negative outlook on India's rating

Last Updated: Tuesday, August 20, 2013, 20:20

'BBB-' is the lowest investment grade and a downgrade would mean pushing the country's sovereign rating to junk status, making overseas borrowings by corporates costlier.

Moody's reiterates stable outlook on India rating: Report

Last Updated: Tuesday, August 20, 2013, 08:43

India's sovereign rating is at the lowest investment grade level.

Goldman downgrades Indian stocks to "underweight"

Last Updated: Thursday, August 1, 2013, 09:06

The external funding environment has also become challenging causing RBI to tighten liquidity, the investment bank said in a note.

Second generation reforms need of the hour

Last Updated: Saturday, May 18, 2013, 10:00

S&P has affirmed India’s BBB- rating with a negative outlook.

S&P rating: Govt says economy is on right track

Last Updated: Friday, May 17, 2013, 21:10

Expressing disappointment over S&P's rating action, the government Friday said its fiscal policies are on the right track and there is nothing to be worried about.

S&P warns India of rating downgrade; Govt says nothing to worry

Last Updated: Friday, May 17, 2013, 16:03

While retaining India's sovereign rating at 'BBB-' with a negative outlook, S&P said there is at least a one-in-three likelihood of a downgrade within the next 12 months.