Singapore, August 20 (ANI): S&P Global Ratings on Friday placed the long-term issuer and issue credit ratings on Tata Steel Ltd, Tata Motors, ABJA Investment Co Pte Ltd, TML Holdings Pte Ltd and Jaguar Land Rover Automotive Plc on creditwatch with positive implications.
Melbourne [Australia], June 1 (ANI): Credit losses are set to fall across most Asia Pacific banking systems over the next two years, S&P Global Ratings said on Tuesday.
S&P affirms CCC-plus/C on Sri Lanka ratings with stable outlook ANI | Updated: May 31, 2021 15:36 IST
It also affirmed short-term foreign and local currency credit ratings at C. The transfer and convertibility assessment is CCC-plus. The outlook remains stable, said S&P, reflecting that risks to Sri Lanka are relatively balanced over the next 12 months.
The threat of external deterioration is partially offset by the country s access to official funding and accommodative macroeconomic policies which are likely to boost domestic demand recovery.
The ratings reflect S&P s assessment that risks to debt-servicing capacity remain elevated and the government s access to external financing is increasingly dependent on official support and favourable economic and financial conditions.
Mumbai (Maharashtra) [India], May 28 (ANI): S&P Global Ratings has affirmed BB long-term and B short-term foreign currency issuer credit ratings on IDBI Bank.
Cyber crime is growing risk to bank ratings: S&P ANI | Updated: May 25, 2021 10:46 IST
Cyber attacks can harm credit ratings mainly through reputational damage and potential monetary losses, it said in a report titled Cyber Risk In A New Era: The Effect On Bank Ratings. Cyber attacks have had only a limited effect on bank ratings to date but can trigger more rating actions in the future as cyber incidents become more frequent and complex, said Credit Analyst Irina Velieva.
Banks and other financial institutions are attractive targets for cyber criminals because they possess valuable personal data and play a critical role in servicing particular financial or economic needs and segments.