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S&P Global Ratings downgraded Ukraine’s long-term debt rating on Saturday, hours after a similar move by Fitch, with both citing the impact of the ongoing Russian invasion. S&P downgraded its rating from B to B-, with a negative outlook, noting potential disruptions to key sectors such as agricultural exports and the country’s gas pipeline network.…Continue Reading

Fitch affirms ‘BBB-‘ rating for India, forecasts 8.7% GDP growth in FY22

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Fitch Ratings on Tuesday kept India’s sovereign rating unchanged at ‘BBB-‘ with a negative outlook, and said that the rating balances a still-strong medium-term growth outlook and external resilience from solid foreign-reserve buffers against high public debt, a weak financial sector and some lagging structural issues. It said the country’s rapid economic recovery from the…Continue Reading