Finmin flays rating agencies for creating crisis of confidence

Last Updated: Thursday, October 20, 2011, 20:25

The government on Thursday took strong exception to reports by rating agencies on bank finance to the power sector and the downgrading of SBI, saying such reports are "uncalled for" and "create a crisis of confidence".

Moody's cut ratings of RBS, Lloyds, 19 other European lenders

Last Updated: Friday, October 7, 2011, 16:30

Moody's on Friday slashed the ratings of a dozen British banks, including RBS and Lloyds TSB, as well as of nine Portuguese lenders, amid uncertain financial conditions in Europe.

SEC acknowledges challenges in credit-rating probes

Last Updated: Friday, September 30, 2011, 00:25

The Securities and Exchange Commission faces hurdles proving wrongdoing at credit-rating agencies, the SEC's enforcement chief said in an interview shortly after it was learned that his office may sue Standard & Poor's for breaking securities laws.

Policymakers should not trust rating agencies: UNCTAD

Last Updated: Tuesday, September 6, 2011, 19:02

A UN body has cautioned against blindly trusting the "irresponsible" private financial institutions, including rating agencies, in economic policies and public finance management.

Sebi to keep an eye on rating agencies

Last Updated: Thursday, August 11, 2011, 17:50

Amid a global market mayhem triggered by a rating action in the US, Sebi has decided to keep an "intent watch" on the role of credit rating agencies and risks they might pose to the market -- with an aim to make necessary changes in regulations for these entities.

Obama seeks to salvage US debt ceiling deal

Last Updated: Saturday, July 23, 2011, 11:59

US President Barack Obama summoned top lawmakers to a Saturday meeting to try to salvage a deal on the government's borrowing limit from the wreckage of deficit talks whose collapse pushed the world's largest economy closer to a catastrophic default.