Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration in standards of governance” over the past two decades. The rating was cut on Tuesday one notch to AA+ from AAA, the highest possible rating.
Nomura upgrades IndusInd Bank to buy, sees 30% upside; shares rally 4%
IndusInd Bank shares rose up to 3.9% after Nomura upgraded the stock to ‘buy’ and raised its price target by 50% to Rs 1,050, citing