Fitch Ratings has revised the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of India-based financial institutions to Negative from Stable, while affirming the

Fitch Ratings has revised India's outlook to negative from stable. Its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) have been affirmed at 'BBB-' and Short-Term Foreign Currency at 'F3'. India's Country Ceiling is also affirmed at 'BBB-'.

India's chief economic adviser Kaushik Basu on Monday said 'herd mentality' of ratings agencies led to Fitch's revision of India's rating outlook to negative from stable, but added that the review was

'Dear God,' wrote economist Rajeev Malik as he called on the Almighty to help India's 'rudderless' government in a biting critique that underscored a growing frustration at home and abroad with the s

Rating agency Fitch cut its ratings of five eurozone countries including Italy and Spain and lowered its outlook on Ireland, citing their poor finances and vulnerability to sharp turns in market senti

Global ratings agency Fitch on Friday cut its 2012 growth outlook for Asia to 6.8 per cent from 7.4 per cent previously, citing the weak global economy.

For 2011, the region is seen growing at 7.1 pe