Singapore, February 2 (ANI): S&P Global Ratings has said that Indian Railway Finance Corporation's (IRFC's) initial public offering does not alter its view of government support to the company.
Singapore, January 28 (ANI): S&P Global Ratings expects most Asia Pacific sovereign credit ratings to remain unchanged in the next one to two years despite the continued pressures posed by Covid-19.
S&P revises Vedanta Resources outlook to stable from negative ANI | Updated: Jan 27, 2021 12:11 IST
Singapore, January 27 (ANI): S&P Global Ratings has said Vedanta Resources increased ownership in Vedanta Ltd will support the company s ability to meet its debt maturities over the next 12 to 18 months.
Vedanta Resources has announced an open offer to acquire an additional 10 per cent stake in its 55 per cent owned subsidiary Vedanta Ltd. We anticipate the transaction which should conclude by March will strengthen the corporate structure of Vedanta Resources the holding company and improve its access to subsidiary-level cash and cash flow, said S&P.
There remains a high degree of uncertainty about the evolution of coronavirus pandemic and its economic effects.
Banking systems in emerging markets face deterioration in asset quality: S&P ANI | Updated: Jan 20, 2021 11:30 IST
Singapore, January 20 (ANI): Banking systems in emerging markets face the expected deterioration in asset quality indicators as regulatory forbearance measures are lifted while vaccine rollouts in several countries continue, S&P Global Ratings said on Wednesday.
It said there remains a high degree of uncertainty about the evolution of coronavirus pandemic and its economic effects. Widespread immunisation, which certain countries might achieve by mid-year, will help pave the way for a return to more normal levels of social and economic activity.
Top-tier Indian banks lead digital change: S&P ANI | Updated: Jan 18, 2021 17:54 IST
In a report titled Tech Disruption in Retail Banking, it said COVID-19 restrictions have been a boost for Unified Payment Interface (UPI). The value of transactions processed via the UPI almost doubled in June to November 2020 from the same period a year ago. We expect this shift in consumer preferences to remain. Rising smartphone penetration, increasing internet connectivity, and the young, tech-savvy demographic segment present vast opportunities in India for existing banks and new players.
The Reserve Bank of India and the government have also been pivotal in laying the foundation and raising the bar for development of fintech in the country, said S&P.