Equity benchmark indices Sensex and Nifty fell by 1% on August 2 on weak global market trends and continuous foreign fund outflows. Fitch Ratings has downgraded the United States government's credit rating, citing rising debt at the federal, state, and local levels and a "steady deterioration in standards of governance" over the past two decades. “The Indian market witnessed a …
JM Financial has initiated coverage on Adani Ports with a ‘buy’ rating and a target price of ₹800 - about 35% jump from the current market price of ₹591. Adani Ports and SEZ, which has 13 ports across India with >600 million tonnes total capacity, has demonstrated its ability to successfully construct /acquire assets in India and create significant value …
China moved to tighten scrutiny over its credit rating business on Sunday, issuing draft rules aimed at bolstering an industry long blamed for inflating ratings in the country's $4.4 trillion corporate bond market. REUTERS/Aly Song/File Photo China's credit rating agencies are urged to improve their credit rating models, strengthen corporate governance and bolster information disclosure, according to rules jointly published …
The Exim Bank is in the international bond market with an over USD 1 billion dollar money issue, merchant bankers have said. The bank is in the dollar money market with a seven-year bond issue, selling Reg S bonds worth at least USD 1 billion. In the first week of January 2020, the bank had raised USD 1 billion in …
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