Us Rating Downgraded

Fitch has downgraded its credit rating for the United States, becoming the second of the top-three ratings agencies to strip the country of a top AAA rating. The impact upon the world's top economy is likely to be just symbolic, at least immediately.

Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.

For Wockhardt, decline in revenues from the US markets caused revenue growth to decline at a CAGR of 7.2 per cent over FY2013-16 and negative 9 per cent YoY in the first half of 2016-17.

The Federal Reserve kept US interest rates unchanged on Wednesday and signalled it still planned two hikes this year, although a slowing economic growth path for 2016 and 2017 prompted a downgrade in where the US central bank thought rates would peak.

Thailand's junta chief today said problems with the kingdom's airline industry must be solved after the United States downgraded the country's air safety rating in an embarrassing blow to the tourist-reliant nation.

The year started off on a not so great note for the sector, when the US Federal Aviation Administration (FAA) downgraded India's aviation safety ratings from the top to second category in January.

The American aviation regulator, which conducted a fresh safety audit of DGCA from December eight, is likely to determine India's safety rating in March 2015, almost a year after downgrading it from the top Category-I to Category-II.

S&P has complained that the government sued in retaliation for its 2011 decision to strip the United States of its "triple-A" rating, a downgrade that it said was prompted by concern about Washington's ability to manage the country's debt.

Fitch Ratings on Friday affirmed the United States' credit ratings at 'AAA' with a stable outlook, removing the distant danger that it might downgrade the world's largest economy.

US authorities have downgraded India's aviation safety rating, citing a lack of safety oversight, meaning Indian carriers cannot increase flights to the United States and face extra checks for existing ones.

European shares inched up on Friday with riskier assets still in demand following a broadly neutral shift in US monetary policy, and the euro dipped after a credit agency cut its rating on the European Union.

Sovereign ratings of Asian economies are unlikely to be directly impacted by the prospects of a downgrade of the US credit rating, global rating agency Fitch said on Friday.

Fitch is the only one of the three major credit rating agencies to have a negative outlook on the U.S. sovereign credit. Standard & Poor's downgraded the rating to AA-plus with a stable outlook during the last debt ceiling impasse, in August 2011.

US ratings agency Moody's Investors Service on Monday downgraded its outlook for GlaxoSmithKline from stable to negative.

S&P said the chances of a ratings downgrade is now "less than one in three" as improvements in tax receipts and economic performance are helping to bring down the country's debt levels.

Fitch has downgraded its credit rating for the United States, becoming the second of the top-three ratings agencies to strip the country of a top AAA rating. The impact upon the world's top economy is likely to be just symbolic, at least immediately.

Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.

For Wockhardt, decline in revenues from the US markets caused revenue growth to decline at a CAGR of 7.2 per cent over FY2013-16 and negative 9 per cent YoY in the first half of 2016-17.

The Federal Reserve kept US interest rates unchanged on Wednesday and signalled it still planned two hikes this year, although a slowing economic growth path for 2016 and 2017 prompted a downgrade in where the US central bank thought rates would peak.

Thailand's junta chief today said problems with the kingdom's airline industry must be solved after the United States downgraded the country's air safety rating in an embarrassing blow to the tourist-reliant nation.

The year started off on a not so great note for the sector, when the US Federal Aviation Administration (FAA) downgraded India's aviation safety ratings from the top to second category in January.

The American aviation regulator, which conducted a fresh safety audit of DGCA from December eight, is likely to determine India's safety rating in March 2015, almost a year after downgrading it from the top Category-I to Category-II.

S&P has complained that the government sued in retaliation for its 2011 decision to strip the United States of its "triple-A" rating, a downgrade that it said was prompted by concern about Washington's ability to manage the country's debt.

Fitch Ratings on Friday affirmed the United States' credit ratings at 'AAA' with a stable outlook, removing the distant danger that it might downgrade the world's largest economy.

US authorities have downgraded India's aviation safety rating, citing a lack of safety oversight, meaning Indian carriers cannot increase flights to the United States and face extra checks for existing ones.

European shares inched up on Friday with riskier assets still in demand following a broadly neutral shift in US monetary policy, and the euro dipped after a credit agency cut its rating on the European Union.

Sovereign ratings of Asian economies are unlikely to be directly impacted by the prospects of a downgrade of the US credit rating, global rating agency Fitch said on Friday.

Fitch is the only one of the three major credit rating agencies to have a negative outlook on the U.S. sovereign credit. Standard & Poor's downgraded the rating to AA-plus with a stable outlook during the last debt ceiling impasse, in August 2011.

US ratings agency Moody's Investors Service on Monday downgraded its outlook for GlaxoSmithKline from stable to negative.

S&P said the chances of a ratings downgrade is now "less than one in three" as improvements in tax receipts and economic performance are helping to bring down the country's debt levels.