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Fitch Rating

Fitch affirms US AAA rating but outlook still negative

 Fitch affirms US AAA rating but outlook still negative. Global credit rating agency Fitch on June 28, 2013 affirmed the United States’ top level credit rating at AAA but held the outlook at negative, saying still-elevated debt levels leave the country vulnerable to shocks without more deficit reduction. The affirmation reflects strong economic and credit […] Continue reading →

Fitch lowers rating outlook of SBI, ICICI, PNB, BoB

 Global agency Fitch downgrades rating outlook to negative from stable of 11 financial entities including SBI, ICICI Bank, PNB and Axis Bank. Fitch’s action follows the revision earlier this week of India’s outlook to negative. The list of downgraded entities include six government banks, two private banks. These include Bank of Baroda, Bank of Baroda […] Continue reading →

Fitch downgrades India’s outlook from stable to negative

 Fitch Ratings downgraded India’s credit outlook from stable to negative on Monday, saying that the country’s growth potential will deteriorate without a quickening of structural reforms. The latest blow to India’s economy follows a similar downgrade by Standard & Poor’s in April, with both agencies maintaining India’s rating at BBB- but raising concerns over flagging […] Continue reading →