Fitch

The ratings agency says that the developed market shift will reduce earnings volatility, while the G6 integration will bring cost synergies through tech upgrades and offshore operations

Fitch warns of rising mortgage-bond risk due to extreme weather

The physical fallout of climate change has implications for corners of fixed-income markets traditionally viewed as among the safest in the world.

Reciprocal tariffs: Brazil, India, Vietnam face 'high risk' of Trump's actions, says Fitch

India is trying to sign a bilateral trade deal with the US to escape reciprocal tariffs. The US trade representatives are in Delhi for negotiations from March 25-29.

Fitch assigns negative outlook to Adani Energy on US probe risks

Adverse findings from the US investigations could weaken governance standards and trigger a downgrade of the company's rating in the near to medium term, Fitch said.

Fitch places some Adani bonds on negative watch after US bribery charges: Report

Adani Energy Solutions Ltd, Adani Electricity Mumbai and some of Adani Ports and Special Economic Zone rupee and dollar bonds are now on "watch negative", the ratings agency said.

FY25 Budget confirms new govt's commitment to reducing fiscal deficit: Fitch

"India's post-election budget confirms that the new administration remains committed to reducing the fiscal deficit this and next year, despite the demands of the coalition government," Fitch Ratings said in a statement.

India's medium-term fiscal consolidation likely to get more challenging, Fitch says

Fitch would like to see durable fiscal consolidation underpinned by revenue-raising measures that can bring down the debt-to-GDP ratio more firmly over the medium-term from around 82% currently

Weakened Modi mandate could make more ambitious reforms challenging: Fitch Ratings

Fitch expects the 5.1 per cent deficit target for FY25 to be attained given that the government's goal of reducing the deficit to 4.5 percent of GDP in FY26 appears increasingly achievable, although the election marginally increased risks of higher spending or slippage in capex to accommodate greater social spending.

Fitch affirms ratings of Axis Bank, ICICI Bank on supporting operating environment

Fitch Ratings has affirmed India-based Axis Bank and ICICI Bank's Long-Term Issuer Default Rating (IDR) at 'BB+', the global agency said in two separate rating commentaries.

Fitch revises China's sovereign credit outlook to negative amid economic transition challenges

Fitch forecast the general government deficit would rise to 7.1% of gross domestic product (GDP) in 2024 from 5.8% in 2023, the highest since a reading of 8.6% in 2020, when Beijing's strict COVID curbs weighed heavily on the world's No.2 economy.

Fitch revises India's FY25 GDP growth forecast to 7% from 6.5%

Fitch expects 50 bps rate cut by the Reserve Bank of India from July to December

FinMin economists say transparency by agencies will lead to credit rating upgrade

India’s rating has remained unchanged at the lowest investment grade even when it has become the fifth largest economy in the world.

Moody's turns negative on US credit rating, draws Washington ire

The Moody's move will also heap pressure on congressional Republicans to advance funding legislation to avert a partial government shutdown.

Fitch upgrades Tata Steel rating to 'BBB-'; outlook remains stable

The upgrade is a result of the revision in Tata Steel's Standalone Credit Profile (SCP) from 'bb' to 'bb+' due to reduced uncertainty and decreased financial risk associated with its UK operations.

Fitch retains India's growth forecast for FY24 at 6.3%, flags inflation risks

The Indian economy grew 7.8 per cent in the April-June quarter of current fiscal on strong services sector activity and robust demand.

Fitch retains SBI, five other public sector banks' rating at BBB- with stable outlook

On retaining the long-term issuer default rating of SBI, the agency said the rating is support-driven, with the government support rating (GSR) above the viability rating (VR).

Fitch affirms BoB ratings at BBB-, outlook stable

The agency highlighted that BOB's IDR is support-driven with GSR is the same as India's sovereign rating (BBB-/Stable) and above the VR.

Moneycontrol Selects: Top stories this afternoon

Our specially curated package of the big stories to help you stay at the top of your game.

Fitch was right: political dysfunction and reckless fiscal policy impair US debt

The dismissive reaction to a US downgrade was revealing. Fiscal trends and broken politics shouldn’t be discounted

Is Fitch’s US downgrade a non-event?

The US market’s reaction to the Fitch sovereign rating downgrade was a faint shadow of 2011’s Black Monday. But it appears to have rattled the Indian stock market more. Here’s why

US credit rating downgrade no big deal

The reaction of the markets to the downgrade is likely to be temporary, given the widespread expectations of a soft landing for the US economy 

US credit downgrade 'entirely unwarranted': Treasury Secretary Janet Yellen

But Yellen told an event in Virginia on Wednesday that "Fitch's decision is puzzling in light of the economic strength we see in the United States."

Global stocks drop, Treasury yields rise after Fitch downgrades US credit rating

On Wall Street, the Dow Jones Industrial Average fell 0.67% to 35,393.68, the S&P 500 lost 1.37% to 4,514.09, and the Nasdaq Composite dropped 2.47% to 13,931.70.

Fitch cites need for 'long-term' fix after US downgrade

In downgrading the US rating, only the second-ever by a major ratings agency, Fitch pointed to a ballooning government debt burden and an "erosion of governance" manifesting in repeated debt limit gridlocks.