Millennium Post

Fitch lowers India’s credit rating to negative

19 Jun 2012 2:35 AM GMT
The global rating agency Fitch on Monday lowered India's credit rating outlook to negative, citing corruption, inadequate reforms, high inflation and...

Industrial output data bolsters S&P warning

13 Jun 2012 8:30 AM GMT
A day after Standard and Poor's warned that India may cease to be the darling of overseas investors, the April data of country's industrial output has...

India may lose investment-grade rating: S&P

12 Jun 2012 1:19 AM GMT
The international ratings agency Standard and Poor's warned on Monday that India may lose its investment-grade rating because of slowing growth and...

Moody's downgrades 16 Spanish banks

19 May 2012 6:18 AM GMT
Moody's has cut the debt ratings of 16 Spanish banks by one to three notches, citing the effects of the ongoing recession and the Spanish government's...

Moody’s cut ratings for 26 Italian banks

16 May 2012 5:53 AM GMT
Moody’s has slashed its credit ratings by up to four notches for 26 Italian banks, including UniCredit and Intesa Sanpaolo, citing their vulnerability...

Moody’s downgrades ICICI Bank, HDFC Bank, Axis Bank, LIC

15 May 2012 3:41 AM GMT
Credit ratings agency Moody’s on Monday downgraded India’s three top private sector lenders - ICICI Bank, HDFC Bank and Axis Bank - on growing...
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