Fitch affirms US AAA credit rating, outlook still negative

Fitch Ratings on Tuesday affirmed its AAA credit rating on the United States and maintained a negative outlook, citing a diversified and wealthy economy that is undermined by the government's inability to agree on deficit reduction measures.

"The uncertainty over tax and spending policies associated with the so-called 'fiscal cliff' weighs on the near-term economic outlook," Fitch said in a statement. (curtsey : money control)

Rupesh Yatesh Dalal
Head Research Department

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India is on a good wicket, never mind the Fitch bitch

India bashers should look more closely at the country’s current state of affairs before writing it off. It is true that inflation, fiscal deficit, current account deficit, corruption and politics are above the danger mark, but it is also true that the country is relatively better off in terms of general prosperity than many other nations in today’s economic environment.

However, the country has to work to stay in its relatively better off position,

Fitch cuts India rating outlook to negative

(Reuters) - Fitch Ratings cut its credit outlook for India to negative from stable, nearly two months after rival Standard & Poor's made a similar call, citing risks that India's growth outlook could deteriorate if policymaking and governance don't improve.

"A significant loosening of fiscal policy, which leads to an increase in the gross

Fitch cuts 18 Spanish banks after sovereign downgrade

Fitch Ratings on Tuesday downgraded 18 Spanish banks less than a week after the agency cut the country's sovereign debt rating, underscoring the potential for lenders' assets to deteriorate further.

Fitch, which already cut Santander and BBVA