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4 mins read

Americans are facing a credit card debt crisis

The US is facing a credit card debt crisis as balances and delinquencies soar.

Cork Gaines   


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2 mins read

These 12 states now have a better credit rating than the US government

Most US states don't have as dramatic of a political fight when it comes to balancing state budgets…

Matthew Fox   


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3 mins read

Domestic airlines industry expected to fly back into profitability next fiscal: Crisil

As per the report by credit rating agency Crisil, the industry is also likely to pare its net loss …

PTI   


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2 mins read

Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings

The gross non-performing assets (GNPA) of the Indian banking system are set to improve further to u…

PTI   


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1 min read

The January 6 riot factored into Fitch's shock US credit rating downgrade, report says

The ratings agency cited the insurrection as an example of political polarization, a senior directo…

George Glover   


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2 mins read

Indian banks expected to maintain profitability amid margin pressure: Fitch Ratings

According to Fitch, while net interest margins (NIMs) are anticipated to narrow by 10 to 20 basis p…

ANI   


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1 min read

HAL records its highest ever revenue of ₹24,000 crore in FY 2021-22

Public sector Hindustan Aeronautics Limited (HAL) has reported its highest ever revenue of over Rs …

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2 mins read

Indian banks to issue bonds to maintain capital levels: CARE Ratings

With credit off-take increasing, Indian banks are expected to issue bonds to maintain their capital…

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1 min read

US stocks extend sell-off as bond yields jump following Fitch downgrade of US credit rating

Investors are waiting for financials from Apple and Amazon, which are set to report earnings after …

Jennifer Sor   


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1 min read

Warren Buffett waves off Fitch's cut to America's credit rating - and says he's buying Treasuries as normal

The famed investor and Berkshire Hathaway CEO says he isn't worried, and his company's still buying…

Theron Mohamed   


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2 mins read

SUVs to drive passenger vehicle volume 5-7% next financial year: Crisil

Passenger vehicle volume is expected to ascend to a new peak for the third straight time next finan…

ANI   


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4 mins read

Moody’s retains India’s credit rating at ‘Baa3 stable’, says the economy is ‘diversified with high growth potential’

Ratings agency Moody’s retained India’s sovereign credit rating at ‘Baa3 stable’. The agency cited …

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4 mins read

Biden's change to credit card fees could be worth nearly $3 billion to American consumers

The Biden administration set a new limit on credit card late fees, and it could be worth billions t…

Cork Gaines   


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16 mins read

The Best Credit Cards With Primary Rental Car Insurance of 2024

Credit cards with primary car rental insurance can cover you for theft or damage without filing a c…

Joseph Hostetler, CEPF,Angela…   


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1 min read

Strong bank loan growth in FY23 despite higher interest rates: Fitch

Fitch Ratings on Monday said India's bank credit will see strong growth in the current financial ye…

PTI   


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2 mins read

Fitch downgrades US credit rating citing 'steady deterioration' of US governance amid frequent debt ceiling battles

The sudden downgrade comes after yet another tumultuous battle over the debt ceiling, which narrowl…

Brent D. Griffiths,Juliana Ka…   


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India’s credit worthiness to be stable in 2023, but upcoming elections could keep social spending elevated: Moody’s

Moody's reports that India's sovereign credit worthiness in 2023 will remain stable, in line with t…

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1 min read

S&P Global downgrades Russia's credit rating for the 2nd time in a week as major rating agencies cut the country deeper into junk territory

S&P Global sees Russia's capital controls as putting the country at greater risk of default, and cu…

Carla Mozée   


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2 mins read

Credit metrics of India Inc. to improve in October-December quarter: ICRA

ICRA expects the credit metrics of India Inc. to show slight sequential improvement in October-Dece…

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5 mins read

How credit ratings are playing a key role in the unfolding banking crisis

Credit ratings agencies provide independent assessments and calls on the creditworthiness of compan…

Huileng Tan