A cashier counts RMB notes in a bank in Haian, Jiangsu province. On Wednesday, just a day after US Treasury Secretary Janet Yellen concluded her visit to China, Fitch Ratings issued a report, saying China's sovereign credit rating remains unchanged but downgrading China's sovereign credit rating outlook from "stable" to "negative". Yet apart from Moody's downgrading the US' rating in …
New Delhi: Exposure of Indian banks to the embattled Adani Group is insufficient in itself to present a substantial risk to credit profiles of these lenders, Fitch Ratings said on Tuesday. “Fitch Ratings believes that Indian banks‘ exposure to the Adani group is insufficient in itself to present substantial risk to the banks’ standalone credit profiles. “Even under a hypothetical …
Reliance Industries’ proposed $7 billion rights issue, a string of equity deals of $8 billion in Jio Platforms, and $1 billion from a joint venture with BP plc will allow its leverage to improve, Fitch Ratings said on Wednesday New Delhi: Reliance Industries’ proposed $7 billion rights issue, a string of equity deals of $8 billion in Jio Platforms, and …
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