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The Latest Breaking News from Fitch

Fitch Downgrades Ukraine Debt over Crisis, Moody's Issues Warning

Fitch on Friday cut the rating on Ukraine's government debt to "CCC" from "B" following the Russian invasion of the country, which it said creates a "severe negative shock." "The military invasion by Russia has resulted in heightened risks to Ukraine's external and public finances, macro-financial stability and political stability,"…

Asharq Al-Awsat

Fuel demand boosts oil marketing companies' petroleum product sales: Fitch Ratings

NEW DELHI: Transportation fuel demand shows signs of improving to pre-pandemic levels from FY23 as visible from petroleum product sales for the OMCs (oil marketing companies) which increased between 8 per cent-11 per cent during the nine months ended December of fiscal 2021-22 from a year earlier as demand rebounded…

The Times of India

Latest Ukraine updates: Macron says resolution may take months

Ukraine news from February 8: After talks with Putin and Zelenskyy, French president offers his analysis of the crisis.

Al Jazeera

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Higher deficit, lack of clarity on fiscal consolidation add risks to lowering debt: Report

NEW DELHI: Fitch Ratings on Monday said higher fiscal deficits and lack of clarity on consolidation plans in the Budget add risks to its projection of lowering of India's debt-to-gross domestic product (GDP) ratio.

The Times of India

Abu Dhabi’s ADNOC Forms Unit to Issue Debt, Explore Funding

Abu Dhabi National Oil Co (ADNOC) has set up a subsidiary, ADNOC Murban, to issue primary debt and explore new funding opportunities. ADNOC Murban will become the primary debt capital markets issuing and rating entity for the ADNOC Group, the Abu Dhabi state oil giant said in a statement. Named…

Asharq Al-Awsat

EVs To Drive Growth In China Auto Market This Year, Says Rating Agency Fitch

Rating agency Fitch said on Tuesday it expects electric vehicles to remain a key growth driver in China’s car market. What Happened: Fitch Ratings said EV volumes in China could reach 20% of the total share this year, up from 15.5% in 2021.

Benzinga

Fitch Cuts Ratings on Sunac China for Decreasing Financial Flexibility

Real estate developer has billions of dollars of debt coming due this year with diminishing sources of cash to make payments, ratings company says

Caixin Global

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Unilever ‘could lose credit rating’ with purchase of GSK consumer arm

Deal could swell Unilever’s debt pile, says ratings agency Fitch

The Guardian - UK

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