According to the report, by the end of 2023, the share of ratings with a stable outlook in the Asia-Pacific corporate portfolio had declined significantly, plummeting from 83 per cent at the end of 2022 to a mere 68 per cent.
The island nation defaulted on its overseas debt in May 2022 after depleted foreign exchange reserves triggered the worst financial crisis since its Independence.
The Delhi High Court on Wednesday reserved the order on the default bail plea moved by the Supertech Chairman RK Arora plea in a money laundering case.
Fitch's fifth edition of the Global Corporates Macro and Sector Forecast reveals varying revenue, margin, and leverage trends across regions, with default rates expected to rise among lower-quality, speculative-grade issuers due to economic challenges and high interest rates.
An order issued by the Director of School Education, Jammu, said that any default on the part of the Head of Schools in observance of the above schedule shall attract action under the rules.
Millions of Chinese borrowers have been blacklisted for failing to pay their debts and are mostly between the ages of 18 and 59, Voice of America (VOA) reported.
After online payment platforms like Alipay and WeChat replaced cash as the most used payment method in China, many stores refused cash payments, and some defaulters said it had become difficult for them to even buy food.
It reported that the agency maintained Pakistan's long-term foreign currency issuer default rating at 'CCC' and noted that it expects general elections to take place as scheduled and produce a coalition government "along the lines of Shehbaz Sharif's government".
Meta is now rolling out end-to-end encryption for one-on-one conversations and calls on Messenger, finally fulfilling a promise that's been in the works for quite a while. According to the firm, when end-to-end encryption is enabled, only you and the person you send a message to on Messenger
Indian banks continue to stand healthy, strong and resilient amidst global turmoil and while Non-Performing Assets (NPAs) are coming down, profit margins are going up, Finance Minister Nirmala Sitharaman said on Tuesday
New Delhi [India], November 1: MetaMask, the world's leading self-custody web3 platform developed by ConsenSys, and Blockaid, a leading web3 security provider, announce the launch of privacy-preserving security alerts in the MetaMask extension. This new feature makes MetaMask the first self-