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fitch ratings

Rising ownership costs to hurt India’s commercial vehicle volume growth: Fitch

by Adesola Mojo
Rising ownership costs to hurt India’s commercial vehicle volume growth: Fitch

Growth in India’s commercial vehicle sales volume will slow down to low-to-mid-single digits due to rising ownership costs, Fitch Ratings said in a report on Monday. The ratings agency said …

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Categories Automobile

Moody’s Downgrades 10 US Banks and Highlights Potential Downgrades for Others

by Craig Fedirighi
Moody’s Downgrades 10 US Banks and Highlights Potential Downgrades for Others

WASHINGTON: Ratings agency Moody’s downgraded the credit ratings of several US banks on Monday and warned it was reviewing the status of some of the nation’s biggest lenders. Moody’s cut …

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Categories Business

U.S. Credit Downgrade Cites ‘Repetition’ on Jan. 6

by James Odonell
U.S. Credit Downgrade Cites ‘Repetition’ on Jan. 6

The Jan. 6 insurrection at the U.S. Capitol played a significant role in the decision by one of the three major credit rating firms Tuesday to downgrade the nation’s pristine …

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Categories Politics

Treasury disputes Fitch’s ‘arbitrary’ decision, as US credit rating gets downgraded to AA+ by Fitch

by Craig Fedirighi
Treasury disputes Fitch’s ‘arbitrary’ decision, as US credit rating gets downgraded to AA+ by Fitch

WASHINGTON: Rating agency Fitch on Tuesday downgraded the US government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the …

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Categories Business

Fitch identifies risks for power traders due to Discoms’ weak financial condition

by Craig Fedirighi
Fitch identifies risks for power traders due to Discoms’ weak financial condition

NEW DELHI: The poor financial health of state electricity boards could pose significant business risks for power traders in the country, says rating agency Fitch. In a report released today, …

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Categories Business

Government to acquire substantial ownership in HPCL through preferential allotment

by Craig Fedirighi
Government to acquire substantial ownership in HPCL through preferential allotment

NEW DELHI: Five years after it exited the company, the government is set to get a significant stake in Hindustan Petroleum Corporation Ltd (HPCL) as it looks to infuse equity …

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Categories Business

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