Fitch Ratings joins S&P and Moody’s in trimming India outlook to `negative’

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Fitch Ratings retained its sovereign rating for India at the lowest investment grade of BBB negative, and trimmed its outlook to ‘negative’ from ‘stable’, citing a sharp Covid-induced deterioration of the country’s growth and fiscal metrics. In a statement, Fitch said: “The coronavirus pandemic has significantly weakened India’s growth outlook for this year and exposed […]

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S&P lowers China’s credit rating, citing rising financial risks and debt; Beijing hits back, calls it “wrong decision”

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Ratings agency Standard and Poor’s (S&P) lowered China’s sovereign credit rating due to risks associated with its increasing debt, but said its long-term outlook for the country remained “stable”, triggering a volley of criticism from Beijing. The credit rating agency cut China’s credit rating from A+ to AA-, putting it in the same category as […]

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