Brics Credit Rating Agency

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  PM Modi Calls For Early Establishment Of BRICS Credit Rating Agency

  Prime Minister Narendra Modi today strongly pitched for setting up of a BRICS credit rating agency to counter western rating institutions and cater to the financial needs of sovereign and corporate entities of developing nations.

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  BRICS To Set Up Credit Rating Agency, Says PM Modi

  Prime Minister Narendra Modi underlined his government's reform agenda while addressing BRICS business council at the 8th BRICS summit in Goa on Sunday.

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  BRICS Countries To Set Up New Credit Rating Agency: PM Modi

  The five BRICS countries - Brazil, Russia, India, China and South Africa - represent nearly half the world's population and a quarter of its economy, at a combined $16.6 trillion.

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  KV Kamath For BRICS Rating Agency, Says Big 3 Constrain Growth

  Batting for a new credit rating agency backed by BRICS group, New Development Bank president KV Kamath said methodologies of the big three global agencies are constraining growth in emerging nations.

• India's sovereign ratings to be unaffected by Budget 2013, says S&P: Full text

  The Union Budget will not have any impact on India's sovereign rating, credit ratings agency Standard & Poor's said on Thursday. The agency had earlier cautioned that India could be the first country among the BRIC (Brazil, Russia, India and China) group to lose its investment grade rating of BBB -. Here is the full text of the release:

• Chidambaram calls for 'calibrated risks' from RBI

  In an interview with Reuters, Chidambaram said the government was committed to "fiscal correction", a nod to rating agencies that have threatened to make India the only BRIC nation with a junk credit status, even accounting for recent economic reforms.

• Full text of S&P report 'Will India be the first BRIC fallen angel?'

  In a report, credit rating agency Standard and Poor's has warned that India may become the first among the BRIC - Brazil, Russia, India and China - countries to lose its investment grade rating, citing slowing GDP growth and political roadblocks to economic policymaking as some of the factors that could lead to such an action.

• Top 10 S&P reasons why India may lose investment-grade rating

  Credit rating agency Standard and Poor's has warned that India may become the first among the BRIC - Brazil, Russia, India and China - countries to lose its investment grade rating, citing slowing GDP growth and political roadblocks to economic policymaking as some of the factors that could lead to such an action. Indian markets reacted strongly, ...

• S&P warns India may lose investment-grade rating

  Credit rating agency Standard and Poor’s on Monday warned that India may become the first among the BRIC—Brazil, Russia, India and China—countries to lose its investment grade rating. S&P said that the Indian government's reaction to potentially slower growth and greater vulnerability to economic shocks could largely determine whether the cou...