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India’s economic growth to accelerate to 7.3% in current financial year FY19: Fitch

In its second-quarter Sovereign Credit Overview for Asia Pacific region, Credit rating agency Fitch has said that India’s economic growth will accelerate to 7.3% in the current financial year FY19 and 7.5% in the next fiscal. The growth rate will accelerate as money supply has recovered to its pre-demonetisation level and disruptions related to the ..

Moody’s cut credit outlook of 28 Spanish banks

Global ratings agency Moody’s downgraded the credit ratings of 28 Spainish banks a week after Spain asked for money to aid them. As per the Moody’s Spain’s declined creditworthiness means a fragile credit profile for Spanish banks. Among those who have been downgraded is Banco Santander. Its long-term rating has been slashed to BAA 2 ..