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Fitch And Standard Poors

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Mahinda Rajapaksa resigns as Sri Lanka's PM

 Ending the power tussle in Sri Lanka, Mahinda Rajapaksa, who was appointed as prime minister by President Maithripala Sirisena in a controversial move, resigned on Saturday and Ranil Wickremesinghe......

Ranil Wickremesinghe reinstated as Sri Lanka PM

 India welcomed resolution of the political crisis in Sri Lanka and exuded confidence that relations between the two countries will continue to move on in an upward trajectory. IMAGE: Sri Lankan......

Fitch flags loan recast scheme; says will extend uncertainty

 According to Fitch, the scheme could open a window for banks to build capital buffers while putting off full recognition of COVID-19 pandemic's impact on loan portfolios, but is reminiscent of......

Fitch lowers India's credit rating outlook

 Another global rating agency Fitch on Monday lowered India's credit rating outlook to negative, citing corruption, inadequate reforms, high inflation and slow growth as reasons for the......

Fitch warns on Indian economy, need for reform

 India's sovereign rating could be cut if the government loosens fiscal policy in the run-up to elections due by 2014 or sees a prolonged slowdown in economic growth, ratings agency Fitch said on......

FinMin to pitch for ratings upgrade with Fitch

 Armed with the Budget proposals to bring down the fiscal deficit, the Finance Ministry will pitch for a ratings upgrade at series of meetings with the global agencies over the next few weeks......

Zambia copper mine: Vedanta scouts for fundraise options

 Anil Agarwal-owned Vedanta Resources (VRL), which has hired Standard Chartered Bank to raise funds for its Konkola copper mine assets, says it is engaging with several potential partners for both......

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