The Latest Breaking News from Fitch

Seventy per cent of India’s power demand is met by coal-fired power plants.

Trailing in the polls, Australia's Liberal National government on Wednesday sought to sell A$8.6 billion ($6.46 billion) of budget giveaways as necessary to meet a cost of living emergency and not a transparent attempt to buy votes.

Fitch Ratings has downgraded Russia’s credit rating, citing a “severe shock” to fundamental conditions due to its invasion of Ukraine

Russia's invasion of Ukraine triggered a flurry of credit rating moves on Friday, with S&P lowering Russia's rating to 'junk' status, Moody's putting it on review for a downgrade to junk, and S&P and Fitch swiftly cutting Ukraine on default worries. Both countries' financial markets have unsurprisingly been thrown into…

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,"…

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

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…

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. 

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