Search results for "BBB"
09:31

Supported by India's economic resilience and fiscal consolidation, S&P raises India's credit rating.

Jin10 data, August 14 - Credit rating agency S&P Global upgraded India's long-term sovereign credit rating from "BBB-" to "BBB" on Thursday, citing India's economic resilience and ongoing fiscal consolidation. The agency had previously adjusted India's rating outlook from stable to positive in May last year due to strong economic growth and improvements in the quality of government spending. S&P stated in a release: "The upgrade of India's rating reflects its strong economic growth, while the strengthening monetary policy environment anchors inflation expectations. Coupled with the government's commitment to fiscal consolidation and efforts to improve spending quality, we believe these factors have collectively driven the improvement in credit metrics." However, S&P warned that if there is a political wavering in India's commitment to consolidating public finances, the rating could be downgraded; additionally, if economic growth slows significantly on a structural level, thereby undermining fiscal sustainability, it could also bring downward pressure. Of course, the rating could also further...
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09:08

QCP: Without a clear catalyst, Bitcoin is unlikely to break out of the current range significantly.

Gate News bot, QCP said in its latest market analysis that the unexpected increase in the number of job openings ahead of Friday's key non-farm payrolls data boosted risk sentiment, and the S&P 500 index approached the psychologically important threshold of 6,000 points. Stable non-farm payrolls data will reinforce the Fed's rhetoric about the resilience of the labor market and reinforce expectations that interest rates will remain unchanged. On the trade front, markets remain on the sidelines ahead of the expected US-China talks. Bitcoin's front-end volatility has retreated, with the spot price hovering around the familiar $105,000. BTC continues to be range-bound, with thin positions and normalized skewness, indicating a lack of directional belief. Since May, the volatility curve has flattened from mid to late periods, echoing a similar decline in the Volatility Index (VIX) and sparking opportunistic long Vega trades. Notably, the premium on the $130,000 call option has risen to 47v in September, suggesting that there will be some upside in the market heading into Q3. Looking ahead, the third quarter is likely to be more challenging. Tariff-related impacts are likely to start to trickle down into macro data, while fiscal risks around the Big Beautiful Act (BBB) and the debt ceiling could create potential overall volatility. In the absence of a clear catalyst, Bitcoin is unlikely to break out of the current range significantly.
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BTC2.22%
05:56
Citigroup said on Thursday that it expects S&P Global Ratings to raise India's sovereign rating by the end of 2026 as it is confident in the macro drivers and the flow of economic and political cycles that S&P considers. On Wednesday, S&P raised the outlook for India's sovereign rating from "stable" to "positive" citing strong economic fundamentals. However, it maintained India's sovereign rating at "BBB-". Citigroup believes that the improvement in India's fiscal condition will be the key to rating upgrade. Discussions among market participants are now shifting from the possibility of a rating upgrade to the timing of the upgrade. This positive sentiment should help lower the risk premium of Indian bonds and change the external borrowing costs for businesses.
03:44
Standard & Poor's report states that it has upgraded the long-term issuer credit rating of Contemporary Amperex Technology Co., Limited (CATL) and the long-term issue rating of CATL's senior unsecured notes guaranteed by the company from "BBB+" to "A-". The outlook for the ratings has been adjusted from positive to stable.
22:56
NFT game "StrayShot" developer iBloxx Studios announced that StrayShot has signed a partnership agreement with NBA players LaMelo and Lonzo Ball, as well as their lifestyle brand Big Baller Brand (BBB), to include them in playable NFT characters, with more details of the characters to be announced after the free game is fully available. The PC game (formerly known as 0xBattleGround) is currently in public beta. iBloxx CEO Domenik Maier said StrayShot could be fully released as early as December, but is more likely to launch in February 2024.
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