Months after the political tussle between US President Joe Biden and Republicans over raising the debt ceiling, Fitch downgraded the US credit rating from AAA to AA+. The White House strongly disagreed with the move....
The Fintech industry has come a long way in addressing the credit demand by revolutionizing access to the supply (lenders) side. This has been one of the most critical factors in addressing a part of...
In India, the priority sector is a set of sectors identified by the Reserve Bank of India (RBI) as being of strategic importance for the country’s development. Credit push to the priority sector refers to...
When international ratings agencies like Moody’s or Fitch downgrade countries, the economies of these nations suffer. African governments have had enough and are retaliating against what they call ‘subjective’ ratings. Namibian Finance Minister Calle...
Executives of most of the company are generally geared up to buy assets rather than to sell them. Executives’ resistance is reasonable due to reduction of top-line, fear of market’s reaction and to avoid hassle...
European Central Bank President Mario Draghi says the ECB could take targeted steps to get credit flowing to struggling small businesses as a way to boost Europe’s tepid economic recovery. Draghi said at a conference...
The ratings agency Standard & Poor’s has downgraded Italy’s credit score by one place. S&P noted that the country’s creditworthiness might well take a further hit in the not-too-distant future. The New York-based agency announced...
SME key statistics are old news. Over 13 million SME’s producing over 8,000 products, comprising ~41 million people, ~40% industrial output, ~40% of all export, 8 to 9% of GDP –known old news (source: Assocham...
