Moody’s Investors Service on Tuesday cut India’s sovereign rating by a notch to the lowest investment grade with a negative outlook. Mint explains the reasons behind the downgrade and what it means for various stakeholders
2 min read2 Jun 2020Nomura’s views follow Fitch’s warning that the deterioration in fiscal outlook may put pressure on sovereign ratingLast week, Fitch revised lower its forecast for India’s FY21 growth to 0.8%
3 min read30 Apr 2020Sebi has asked mutual fund houses to inform credit rating agencies immediately about any changes in terms of investments, along-with reasons for such changesEarlier, fund houses were required to inform the same to valuation agencies only
1 min read7 Nov 2019Sebi also planning to ease norms for 'Muni Bonds' to allow smart cities and other entities undertaking tasks similar to municipalities to raise fundsAt a board meeting on Wednesday, Sebi is likely to take up issues relating to mutual funds, startup listing platform and buybacks
4 min read20 Aug 2019These firms had assigned high grades to corporate groups such as IL&FS and DHFL, only to see them defaultThis has cost investors in terms of losses in mutual funds and other products that rely on credit ratings
2 min read2 Jul 2019Restoring trust and confidence of investors in credit rating symbols is required
3 min read30 Jun 2019Time to see what the market regulator, Sebi, say about the rating agencies
3 min read30 Jun 2019Dewan Housing Finance's credit rating was downgraded to default by Crisil and Icra after the liquidity-starved home financier missed an interest payment deadline on a set of non-convertible debentures
1 min read6 Jun 2019Tighter scrutiny of credit rating agencies by investors, regulators and media is critical and credit rating agencies that frequently get their ratings wrong should be penalized
3 min read24 Apr 2019IL&FS, which has been downgraded to junk status by rating agencies, is sitting on a debt pile of around ₹91,000 crore
2 min read15 Jan 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared