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2 mins read
S&P downgrades Vedanta Resources to 'selective default' after debt extension
S&P Global Ratings has downgraded debt-laden Vedanta Resources Ltd to 'selective default' after the…
PTI
1 min read
Israel downgraded by another big credit ratings agency as Middle East tensions escalate
Israel's economy is likely to suffer if there's a drawn-out conflict in the Middle East, S&P Global…
George Glover
5 mins read
Reliance gets thumbs-up from S&P, Fitch as strong earnings keep leverage in check
The oil-to-telecom-and-retail conglomerate's growth aspirations remain intact, it said, addin…
PTI
3 mins read
No end to downgrades in GDP estimates as economists remain divided on severity of slowdown
SBI Ecowrap has pegged India’s GDP growth rate for Q2 FY23 at 5.8%, much lower than the RBI’s e…
3 mins read
Tesla is the biggest S&P 500 loser this year, down even more than Boeing
Shares in Elon Musk's electric carmaker are down about 30% since the start of 2024, wiping about $2…
George Glover
1 min read
First Republic Bank, which was downgraded to junk by S&P and Fitch, is looking at a possible sale: Bloomberg
First Republic has not made a decision but it is expected to attract interest from larger lenders i…
Huileng Tan
2 mins read
First Republic Bank downgraded to junk by S&P and Fitch on risk of clients pulling deposits in the wake of SVB failure
First Republic faces an "elevated" risk of depositors running to reclaim their cash in the wake of …
Carla Mozée
2 mins read
S&P downgrades First Republic further into junk status as the bank's $30 billion rescue may not be enough to solve liquidity problems
A report from the WSJ on Monday said banks were in talks to provide even more aid to First Republic…
Carla Mozée
1 min read
US stocks fall as Moody's downgrades drag bank shares lower
The August stock sell-off gained more steam after the ratings giant made 27 ratings actions on a sl…
Phil Rosen
1 min read
Stocks fall as Fitch's downgrade of US debt rating rattles confidence
Fitch downgraded the long-term outlook for the US from AAA to AA+ on Tuesday, pointing to "expected…
Phil Rosen
1 min read
Coinbase faces a hit to profits after FTX's implosion, S&P says as it downgrades the crypto exchange again
"We believe FTX's bankruptcy in November has severely hit the crypto industry's perceived credibili…
Zahra Tayeb
2 mins read
Fitch's downgrade of the US economy is 'strange' and 'bizarre,' top officials and analysts say
Treasury Secretary Janet Yellen led the charge, saying Fitch based its downgrade is "arbitrary and …
Huileng Tan
1 min read
US stocks drop as bank shares slide after Moody's downgrades 10 firms
The ratings giant slashed the ratings for 10 lenders and also put a handful of other banks on watch…
Phil Rosen
1 min read
Fitch just downgraded US debt. Goldman Sachs says it's no big deal.
Fitch didn't change its economic forecasts and the downgrade doesn't reflect any new fiscal informa…
Phil Rosen
1 min read
US credit downgrade means junk sovereign bonds now outweigh AAA debt for the first time, Fitch says
AAA bonds no longer make up the largest nominal share of the sovereign market when measured by outs…
Filip De Mott
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
2 mins read
RBI downgrades FY23 GDP growth projections to 6.8% - lower than World Bank and other global agencies
“A growth of 6.8% is considered very strong in the current context when the world economy is…
3 mins read
India's GDP growth comes in at 6.3% in Q2: manufacturing, mining witness negative growth
India's economy grew by 6.3% in the second quarter of the current fiscal, official data release…
1 min read
US stocks fall as Dow sheds nearly 350 points after Fitch credit-rating downgrade
Fitch pointed to a deterioration of US governance and suspect management of fiscal and debt matters…
Phil Rosen
1 min read
Fitch official confirms that January 6 Capitol riot was partially behind its controversial US downgrade
The Treasury Department and multiple economists have harshly criticized Fitch's decision to downgra…