Fitch lifts RIL’s rating a notch above India’s

Fitch Ratings has upgraded Reliance Industries Ltd.’s rating to ‘BBB,’ one notch above India’s sovereign rating, as RIL benefits from cash flow generation across diversified business segments and the continuation of deleveraging. In a statement, Fitch said it had upgraded RIL’s long-term foreign-currency issuer default rating (IDR) to ‘BBB’ from ‘BBB-’, with a negative outlook.… Continue reading Fitch lifts RIL’s rating a notch above India’s

US Property Casualty Insurers Face Record Catastrophic Losses From Texas Weather: Fitch

U.S. property casualty insurers are expected to face record catastrophic losses in the first quarter due to last week’s severe winter weather in Texas, Louisiana and other southern states, according to Fitch Ratings. The widespread scale and claims volume of the event is expected to result in ultimate insured losses to a range of $10… Continue reading US Property Casualty Insurers Face Record Catastrophic Losses From Texas Weather: Fitch