After five months of sustained buying, foreign investors have turned net sellers and pulled out over Rs 2,000 crore from the Indian equities in the first week of August, mainly due to Fitch downgrading the credit rating for the US. In addition, the rich and stretched valuations and minor profit booking could be… Continue reading FPIs withdraw Rs 2,000 cr in first week of Aug due to Fitch downgrading
Tag: Fitch
Numbers justify Fitch downgrade, says Blackstone CEO Steve Schwarzman
By Dawn Lim and Erin Fuchs Steve Schwarzman said Fitch Ratings’ downgrade of the US long-term credit rating was appropriate after multiple debt-limit standoffs. “The numbers justify it, regrettably,” the Blackstone Inc. chief executive officer said on CNBC Friday. “We’ve had an explosion of debt since the global financial crisis. We… Continue reading Numbers justify Fitch downgrade, says Blackstone CEO Steve Schwarzman
US rating downgrade by Fitch spooks markets; Sensex, Nifty slump 1.5%
India’s benchmark indices slumped as much as 1.5 per cent on Wednesday amid a global selloff triggered by Fitch Ratings’ downgrade of US government debt. The Sensex plunged 1,027 points, or 1.5 per cent, in intra-day trade before recouping some of the losses to end the session at 65,783, down 676 points, or… Continue reading US rating downgrade by Fitch spooks markets; Sensex, Nifty slump 1.5%
Top headlines: Fitch cuts US credit rating, corporation tax mop-up slips
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Fitch downgrades US credit rating to AA+, Treasury calls it ‘arbitrary’
Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago. Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next… Continue reading Fitch downgrades US credit rating to AA+, Treasury calls it ‘arbitrary’