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Fitch Affirms Adani Ports at 'BBB-'; Outlook Negative
Fitch Ratings has affirmed Adani Ports and Special Economic Zone Limited's (APSEZ) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Negative, says the rating agency.  "About 56% of APSEZ's cargo is sticky, which includes contractual take-or-pay cargo, cargo ...
Fitch Ratings Cuts India's Growth Forecast To 5.1% For FY21
On Friday, Fitch Ratings cut India's growth forecast to 5.1 percent for the financial year 2020-21, saying the coronavirus outbreak is likely to hit business investment and exports. Fitch had previously projected India's growth at 5.6 percent for 2020-21 and 6.5 ...
Axis Bank, ICICI Bank Shares Slip On Fitch Ratings Downgrade
Shares of two of the leading private lenders in India fell on Tuesday after a downgrade by Fitch Ratings. According to a PTI report, global rating agency Fitch Ratings has downgraded ICICI Bank and Axis Bank's Long-Term Issuer Default Rating (IDR) from "BBB-" to "BB+" ...
Axis Bank Icici Bank Shares Slip On Fitch Ratings Downgrade
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