Axis Bank buys 13.6% stake of IFCI stake in ACRE for Rs 23 crore

IFCI has transfered 73.28 lakh shares of ACRE, an asset reconstruction company acquiring NPAs from banks/FIs and their resolution, to Axis Bank. Read more »

Fitch Upgrades Wilson, NC’s IDR to ‘AA+’ on Criteria Change; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has upgraded the following Wilson, NC ratings: --Issuer Default Rating (IDR) to 'AA+' from 'AA'; --$7.3 million general obligation (GO) bonds, series 2009 to 'AA+' from 'AA'. The... Read more »

Fitch Affirms San Angelo, TX’s GOs and COs at ‘AA+’; Outlook Stable

AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AA+' rating to the following San Angelo, TX obligations: --Long-Term Issuer Default Rating (IDR); --$40.2 million general obligation (GO) refunding bonds, series 2007, 2009, 2011... Read more »

Fitch: 2017 U.S. Media & Entertainment Outlook Stable Amid Shifting Media Landscape

NEW YORK--(BUSINESS WIRE)--Changing media consumption, alternative distribution platforms, and technology evolution and adoption will continue disrupting traditional media models, creating risk and opportunities for companies in the sector, according t... Read more »

IL&FS Engineering lowest bidder for Rs 225-crore order

IL&FS Engineering Services has been involved in rural electrification works in West Bengal, Rajasthan, Orissa, and Uttar Pradesh. Read more »

Fitch Publishes LatAm Credit Indicators Compilation

CHICAGO--(BUSINESS WIRE)--Link to Fitch Ratings' Report: Latin American Credit Indicators - Third-Quarter 2016 (Stuck in Different Gears) https://www.fitchratings.com/site/re/891055 Fitch Ratings has just published its Latin American Credit Indicators,... Read more »

Does Puzder Nomination Signal Trump Policies on Overtime, Minimum Wage?

Federal overtime laws currently on hold and the Fight for $15 appear to be long shots with Trump pick for labor secretary, Andy Puzder. Read more »

Fitch Assigns First-Time Rating of ‘B+’ to Transocean Proteus; Outlook Negative

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned ratings to Transocean Proteus Limited (Proteus), a wholly-owned subsidiary of Transocean, Inc. Fitch rates Proteus' Long-Term Issuer Default Rating (IDR) 'B+' and senior secured notes 'BB-'/'RR3'. Th... Read more »

A.M. Best Affirms Credit Ratings of AXA Mansard Insurance Plc

LONDON--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” of AXA Mansard Insurance Plc (AXA Mansard) (Nigeria), the majority-owned... Read more »

Fitch Affirms Alaska Air at ‘BBB-‘; Outlook Stable

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has removed Alaska Air Group Inc.'s (ALK) ratings from Rating Watch Negative and affirmed the ratings at 'BBB-'. The Rating Outlook is Stable. The rating action follows the Department... Read more »