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The Latest Breaking News from Fitch Group

Fitch upbeat on post-poll outlook for bank sector

Pro-growth policies and the absence of protests after the election are positive signs for Thai banks and the economy, but uncertainties remain as the winning parties try to form a coalition government, says global financial information provider Fitch Group.

Bangkok Post

Adani Group ‘deeply overleveraged’, says CreditSights; could spiral into a massive debt trap

India's Adani Group, controlled by billionaire Gautam Adani, is "deeply overleveraged" and its many investments in capital-intensive businesses could pose long-term risks to investors, Fitch Group's debt research unit CreditSights said on Tuesday. Read more on Dynamite News:

Dynamite News

Indian tycoon Adani’s empire ‘deeply leveraged’: CreditSights

The Fitch Group research unit ‘s report warned of the worst-case scenario of a potential default.

Al Jazeera

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Gautam Adani’s empire is ‘deeply overleveraged,’ Fitch report warns

NEW DELHI: Billionaire Gautam Adani’s ports-to-power conglomerate is “deeply overleveraged,” with the group investing aggressively across existing as well as new businesses, predominantly funded with debt, CreditSights, a Fitch Group unit, said in a report.

The Times of India

Russia Imposes New Sanctions That Include Netflix, BlackRock, Delta Air Lines Chiefs

Russia retaliated against U.S. sanctions by imposing its own on multiple prominent American CEOs, including BlackRock, Inc (NYSE:BLK), Delta Air Lines, Inc (NYSE:DAL), Netflix, Inc (NASDAQ:NFLX), and Comcast Corp (NASDAQ:CMCSA) Universal Pictures, the Wall Street Journal reports. The sanction included U.S. administration officials and former heads of other large U.S. corporations, and executives at rating firms operated by S&P Global…

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