Majority of new potential fallen angels from India: S&P | cckerala.com

Forum 

Chat  Classifieds 

Kerala Blog New

E-Mail 

Malayalam Songs

Malayalam Video

Kerala Info

Baby-Names

Kerala Photos

Gallery

Kerala-Portals

Matrimonial

Recipe

Movies

 

E-Greeting

|

Majority of new potential fallen angels from India: S&P

An S&P report on 15 global fallen angels so far in 2012, from emerging and developed markets, says Indianbanks increased the total count. The 15 fallen angels accounted for $192.9 billion in rated debt.

The number of global fallen angels is 15 so far in 2012 (through May 8), according to a report published today by Standard & Poor’s Global Fixed Income Research, titled ‘Fallen Angels In Emerging And Developed Markets, Including The US And Europe: Indian Banks Increase The Total Count Of Potential Fallen Angels’.

“We define fallen angels as issuers Standard & Poor’s Ratings Services downgrades to speculative grade from investment grade. The fallen angel count through May 8, 2012, is two less than the total for the same period in 2011,” Diane Vazza, head of Standard & Poor’s Global Fixed Income Research, said. The 15 fallen angels accounted for $192.9 (EUR 148.3) billion in rated debt. “Since our last report, we added 16 entities to the potential fallen angels list. One of these is the Republic of India, and eight are India-based banks,” said Ms. Vazza.

The banks placement on the list follows the outlook revision on the Republic of India. Potential fallen angels are issuers rated ‘BBB-‘ with either negative outlooks or ratings on CreditWatch with negative implications. The 53 potential fallen angels have $190 (EUR 146.1) billion in rated debt. By region, Europe has the most potential fallen angels, with 21 as of May 8, 2012. The bank sector leads the list of potential fallen angels, with 21.

Short URL: http://www.cckerala.com/?p=10179

Posted by on May 17 2012. Filed under Business India News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Comments are closed

Recently Commented