The recent acceleration of vaccinations in parts of Asia can reduce risk of setbacks to economic recoveries and public finances associated with further waves of Covid-19 pandemic provided that it is sustained, Fitch Ratings said on Wednesday. The Asia Pacific region’s Covid-19-containment response was a relative global outperformer in 2020. But in 2021 its vaccine rollout has in aggregate lagged that of […]
Read Time : 2 Minutes
Fitch affirms Tata Chemicals at BB-plus with stable outlook
Fitch Ratings has affirmed Tata Chemicals Ltd’s (TCL’s) long-term foreign currency issuer default rating at BB-plus with a stable outlook. It said the rating reflects TCL’s leading position as the world’s third-largest soda ash producer, its cost-competitive operations and geographical diversification, a healthy financial profile despite pandemic-related disruptions, and the soda-ash sector’s adequate exposure […]