Credit losses are set to fall across most Asia Pacific banking systems over the next two years, S & P Global Ratings said on Tuesday. This is partly because targeted assistance to stretched borrowers will likely continue in many places until pandemic-related challenges substantially abate. Asia Pacific banks should safely avoid a cliff effect even as extensive relief measures are progressively removed, said S & P Global Ratings credit analyst Sharad Jain. Moratoriums on loan repayments together with fiscal, monetary and policy support have helped cushion the blow to borrowers in Asia Pacific from the Covid-19 outbreak and containment measures.
Read more about S & P affirms BB/B ratings on IDBI Bank with negative outlook on Business Standard. S & P Global Ratings has affirmed BB long-term and B short-term foreign currency issuer credit ratings on IDBI Bank.It also affirmed BB programme rating on the senior unsecured notes under its medium-term notes (MTN) programme and then withdrew the
Renewi PLC ESG Evaluation Revised To 83 From 75, With Strong Preparedness
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LONDON, May 25, 2021 /PRNewswire/ S&P Global Ratings said today that it revised its ESG evaluation score to 83 from 75 on waste-to-product company Renewi PLC. The company s updated environmental, social, and governance (ESG) evaluation score is the result of an increase in its ESG profile score to 77 from 75, combined with strong preparedness. Higher numbers indicate stronger sustainability in our evaluations.
Please read S&P Global Ratings ESG Evaluation Report
The ESG evaluation score of 83 reflects Renewi s above-average focus on recycling and waste management, which underpins its commitment to being a key contributor to the circular economy. The ESG profile score of 77 reflects our view of Renewi s waste-to-product business model, and the fact that the company is now more established following its formation in 2017 through the merger of the U.
Trane Technologies Assigned ESG Evaluation Score Of 78; Preparedness Strong
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SAN FRANCISCO, May 25, 2021 /PRNewswire/ S&P Global Ratings said today that it has assigned Trane Technologies PLC an ESG evaluation score of 78. The company s ESG evaluation score is the result of an ESG profile of 72 combined with strong preparedness. Higher numbers indicate stronger sustainability performance in our evaluations. See the full report here.
Trane s ESG evaluation score is driven by its leadership in delivering sustainable products and services to customers, as well as addressing and reporting on its own operational impacts. The company also shows an effective ability to identify long-term trends, and spur innovation throughout the company. The company is improving its environmental profile by setting and achieving ambitious sustainability targets and moving toward low-emission, high-efficiency products to support customer sustain
HANOI, May 24 (Bernama): The S&P Global Ratings announced on May 21 that it has retained Vietnam’s sovereign credit rating, improving its economic outlook to positive from stable .
The Finance Ministry said Vietnam is the only country in the world to have its outlook improved by Moody’s, S&P and Fitch, Vietnam news agency (VNA) reported.
The S&P made the decision on the back of Vietnam’s impressive economic achievements and continuous reform in policymaking amid COVID-19 pandemic.
It said after recording one of the highest growths worldwide, Vietnam will continue with solid recovery in the next 1-2 year thanks to the government’s effective measures against the pandemic, foreign investment attractiveness, stable export, strong domestic demand and solid external position.