The Latest Breaking News from SP Global Ratings

Crisil lifts India FY27 growth forecast to 7% on strong H1 momentum

Crisil has raised its GDP growth forecast for India in FY27 to 7%, reflecting strong domestic demand. Resilient consumer spending and government investment are key factors supporting this growth projection. However, potential inflation risks from a strengthening El Nino and elevated energy prices may pose challenges. The Reserve Bank of…

The Economic Times · Sep 30

OECD raises India's FY27 GDP growth forecast by 80 bps to 7.1%

The OECD has raised its FY27 India growth forecast by 80 basis points to 7.1%, from 6.3% earlier, joining Fitch, S&P Global Ratings and Moody’s in upgrading their projections after India recorded 7.8% GDP growth in Q1 FY27.

The Economic Times · Sep 23

Where's the GDP debate? The world is raising a toast to India

India’s 7.8% growth has the world taking notice. Fitch, S&P and Moody’s have all raised their forecasts, even as questions over the GDP numbers continue at home. The economy has held up better than expected, but with oil, inflation and tighter financial conditions looming, keeping up this pace may be…

The Economic Times · Sep 23

China's car glut has long flooded the world. Now comes the cleanup

China's auto industry faces a major reset as production exceeds domestic demand significantly. Toyota's planned joint venture consolidation with Chinese partners is an early indicator. Excess production is pushing Chinese automakers to export aggressively, causing global trade responses. Analysts predict a broad industry restructuring over the next two to three…

The Economic Times · Sep 17

China's car exports in first 8 months surpass 2025 total, as EV sales soar

China's passenger car exports have already exceeded last year's total for this year. August saw a significant 67.1% surge in passenger car exports, driven by electric vehicles. This strong export performance is expected to largely offset domestic sales which continue to fall. Intense competition and economic pressures are impacting China's…

The Economic Times · Sep 10

China’s car exports in first 8 months surpass 2025 total, as EV sales soar

Industry data show China’s passenger car exports surpassed last year’s total in the first eight months of this year

The Independent UK · Sep 10

IDFC FIRST Bank earns international credit rating, marking a step towards global financial markets

IDFC FIRST Bank has been awarded a BBB- Long-Term and A-3 Short-Term credit rating, underscoring its strong capital position and operational expertise. This evaluation enhances the bank's access to international funding and global markets. The stability of its retail deposit base contributes to a solid outlook, setting the stage for…

The Economic Times · Sep 9

BlackRock, Capital Group anchor IDFC FIRST Bank’s maiden $500 million global bond

IDFC FIRST Bank raised $500 million through its maiden international bond issuance, marking its entry into global debt markets. The three-year senior notes, due in 2029, carry a 5.625% coupon and attracted major investors including BlackRock, Capital Group and AllianceBernstein. The fundraising diversifies the bank’s funding base and supports its…

The Economic Times · Aug 19

S&P assigns investment-grade rating to IDFC FIRST Bank. Can it lift the stock?

S&P Global Ratings has assigned IDFC FIRST Bank an inaugural investment-grade rating of BBB- for the long term, with a Stable Outlook. The rating is expected to strengthen the lender’s access to global funding markets and support international operations. S&P also highlighted strong capitalization, improving profitability, stable asset quality and…

The Economic Times · Aug 14

Weak monsoon may weigh on rural demand, credit growth in coming months: S&P Global Ratings

A weak monsoon poses risks to India's rural economy and farm incomes. Sectors like agriculture and microfinance face significant challenges from reduced rainfall. Lower crop yields could increase food prices and dampen rural demand for goods. Hydroelectric power generation may decline, impacting energy supplies. Despite these concerns, India's financial system…

The Economic Times · Jul 10