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Indian auto-backed securities to remain stable: Moody's Investors Service
Ians •Moody's said the performance of rated ABS is not expected to deteriorate beyond March 2017
Reliance: Even at Rs 684 per share, outlook remains bleak
Fp Editors •Shares in India's largest private-sector conglomerate plunged to their lowest since March 2009 on continuing worries over its gas output from the KG-D6 basin
After S&P, Moody's reviews ICICI, Axis, HDFC banks for downgrade
Fp Archives •.A downgrade in rating means that the government or companies are less capable to meet their debt obligation
Impose limit on global transactions of cards, RBI tells banks
Fp Archives •In order to check frauds, the RBI has asked banks to impose monetary limit for international transactions on credit and debit cards and refrain from issuing cards with global access unless specifically sought by the customer.
Budget 2013: Govt takes steps to improve interaction with rating agencies
Fp Archives •Amid concerns of possible downgrade of India's credit rating, the Economic Survey today said the government is taking steps to improve interactions with rating agencies to ensure that they make "informed decisions".
US sues S&P's, alleges it inflated credit ratings
Fp Archives •The United States today sued Standard and Poor's alleging that the credit rating agency lied about its objectivity and independence and issued inflated ratings for certain structured debt securities, causing investors to lose billions of dollars.
Govt dismisses Moody's downgrade, says Indian banks are strong
Fp Archives •Brushing aside the downgrade of Indian banks by Moody's, government today said the rating has no significance as domestic lenders are much stronger than their global peers.
Bank index is biggest loser after Moody's SBI downgrade
Fp Staff •The SBI stock plunged to a 22-month low of Rs 1,751.35 before it closed 4.09 percent lower at Rs 1,786.7.
Why Moody's downgraded debt ratings of 28 Spanish banks
Fp Archives •Moody's Investors Service is cutting its credit ratings on 28 Spanish banks, saying the weakening financial condition of Spain's government is making it more difficult for that country to support its lenders.
Some global banks more powerful than central banks: Y V Reddy
Fp Archives •Former RBI governor Y V Reddy lashed out against rating agencies and accounting firms saying that they enjoy an oligopolistic power over the markets, and said that some large international banks enjoy significant influence over political economy .