S&P Global Ratings – The News Desk

S&P Global Ratings said the Indian economy is reliant on strong growth performance in services industries.S&P Global Ratings said that while growth supports market confidence and revenue generation, rates dynamics will be an additional determinant of debt trajectoryS&P Global Ratings on Wednesday said India’s economy has a track record of strong growth and retained its 6 per cent growth forecast for current fiscal year. In Asia-Pacific Credit Outlook 2024 titled ‘Slowing Dragons, Roaring Tigers’, S&P said gradual capital deepening, favourable demographics, and improving productivity are essential growth factors.“India’s economy has a track record of strong growth. We expect this momentum to continue and forecast growth of 6 per cent for FY 2024, then 6.9 per cent for FY 20...

Vedanta Resources Ltd. is planning to meet bondholders in Singapore and Hong Kong, people familiar with the matter said, as the junk-rated Indian miner faces repayment of about $2 billion of notes next year.The non-deal roadshow would take place as soon as next week, said some of the people, who asked not to be named because the matter is private. JPMorgan Chase & Co. and Standard Chartered Plc are helping to organize the event, according to others.The global increase in borrowing costs has raised the stakes for billionaire Anil Agarwal’s firm, which must redeem a record amount of bonds next year. Several of the group’s bonds are trading below 75 cents on the dollar, at levels considered indicative of distress. S&P Global Ratings lowered its outlook on Vedanta’s B- rating to negat...

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‘Slowing Dragons, Roaring Tigers’: Indian Economy Has Track Record Of Strong Growth: S&P

Vedanta plans to meet investors as it faces $2 billion debt bill