Fitch has reduced the US credit rating from AAA to AA+ due to deterioration in fiscal health and massive political polarisation.
The rating agency said, it has affirmed the 'BBB-' rating on Adani Electricity Mumbai Ltd (AEML) US dollar senior secured notes due 2030
Domestically-produced crude oil, which makes up for 15 per cent of all oil consumed in the country, is priced at international rates
The lowest investment grade rating on India is issued by all three global credit rating agencies Fitch, S&P and Moody’s. The ratings are used by investors to gauge the country’s creditworthiness and influence borrowing...
Fitch said banks could have some unreported non-funded asset exposure, such as commitments or through holdings of Adani group bonds or equity, particularly as collateral
Global credit rating agencies such as S&P and Fitch have assigned the lowest investment grade rating of 'BBB-' to India
The problems for the conglomerate started after a scathing Hindenburg Report published in January 2023 alleged the Group of indulging in various malpractices
"Fitch Ratings has revised the Outlook to Stable from Negative on the Long-Term Issuer Default Ratings (IDR) of 9 India-based banks, while affirming their IDRs," Fitch said in a statement
In its update to Global Economic Outlook, Fitch said India's economy faces a worsening external environment, elevated commodity prices, and tighter global...
Given the implications of larger global and domestic issues on India’s GDP, several ratings agencies have revised India’s growth outlook
In October, Fitch had forecasted India's GDP would grow at 8.7 per cent in the current financial year.
Fitch Solutions said that the country with the fourth-largest carbon-emitting market, India lagged behind much of the world's leading power markets including...
SEBI had recently changed what constitutes a 'related-party. The new rules state that non-promoter entities with more than a 20 per cent stake before April...
