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S&P Global cuts Axis Bank, Bajaj Finance’s rating to junkWhen a bond's rating drops into the double-B category, it falls into the junk bond territory.- S&P puts Indian banks in 'Group 5' with Italy, Spain, UAEThe anchor for banks operating only in India is 'bbb-', said S&P Global Ratings.
- Just growth, fiscal improvement can't resolve NPA issues: S&PGlobal ratings agency Standard & Poor's today called for a multi-pronged strategy to help banks tide over asset quality issues.
- S&P assigns stable tag to Indian banks SBI, HDFC, ICICI and othersS&P said that 4 banks- SBI, HDFC Bank, ICICI Bank & Indian Bank-have a better stand-alone credit profile than that of Indian govt.
- Indian banks operating in a strong economy: Ritesh Maheshwari, S&PIndian banks are fortunate that they are in an economy which is growing very rapidly, that's their biggest advantage, says Ritesh Maheshwar...
- S&P upgrades Indian banking sector; says domestic regulations in line with international standardsThe latest BICRA of S&P comes a day after US-based Moody's changed the outlook for the sector to negative from stable.
- S&P's views have offset Moody's downgrade of banking: Montek Singh AhluwaliaMontek Singh Ahluwalia today said the rating agency Standard & Poor's has corrected the negative signals given by its global rival Moody's.
- 'BUY' OR 'SELL' ideas by experts for Friday, November 11thET Now spoke to various experts and here's what they have to recommend for today's trade:
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