Sovereign Credit Rating

Fitch warns US of sovereign credit rating cut from AAA

Fitch reiterated that the delay in increasing the borrowing capacity of the United States raises questions about the full faith and credit of the United States to honour its obligations.

Why Union Budget 2013 will be the most austere in years

FM P Chidambaram is planning to cut the public spending target for fiscal 2013/14 by up to 10 percent from this year's original target, in what would be the most austere budget unveiled in recent history as he tries to avert a sovereign credit downgrade.