Kyiv: Fitch credit rating agency on Friday affirmed Ukraine’s long-term foreign currency sovereign credit rating at ‘RD’ (restricted default) as its war with Russia drags past the 33-month mark. The agency also affirmed the sovereign’s ‘CCC+’ long-term local currency amid the ongoing debt restructuring, aimed at easing its wartime financial pressures. President Volodymyr Zelenskyy, in … Read more
Washington: The United States needs to tackle the recurrence of debt limit standoffs and find “long-term” solutions for growing fiscal issues if it seeks a credit upgrade, a Fitch Ratings senior director said in an interview Wednesday. The comments by Richard Francis on CNBC came a day after Fitch took the United States’ top-tier AAA … Read more
Fitch Ratings has affirmed “BBB-” rating on the $400 million senior secured notes issued by the restricted group of Adani Transmission Limited (ATL RG1), with a stable outlook. “ATL RG1’s credit assessment is not directly affected by the alleged malpractices at India’s Adani group highlighted in Hindenburg Research’s report due to the ringfenced nature of … Read more