Biden signs bill to increase debt limit by USD 2.5tn into law: White House

Dec 16, 2021

Washington [US], December 16 (ANI/Sputnik): US President Joe Biden signed into law a measure to increase the US debt limit by USD 2.5 trillion...

Fitch places US on rating watch negative amid debt ceiling fight

May 25, 2023

The credit ratings agency placed top-ranked US credit on rating watch negative, reflecting the uncertainty surrounding the current debt ceiling debate and the possibility...

US may default on debt as soon as June 1, Treasury Secy Yellen reaffirms

May 15, 2023

"With additional information now available, I am writing to note that we still estimate that Treasury will likely no longer be able to satisfy...

Fitch downgrades Future Retail to restricted default on DDE

May 01, 2021

Mumbai (Maharashtra) [India], May 1 : Fitch Ratings has downgraded Future Retail Ltd's (FRL's) long-term issuer default rating to 'restricted default' from 'distressed' following...

Pakistan's default risk worsens, credit default swap spikes to 93 pc

Nov 22, 2022

Pakistan's credit default swap (CDS) spikes by 30 percentage points in a week to 92.53 per cent ahead of debt repayment, amid political unrest.

Laos default would give new momentum to China "debt trap" diplomacy

Jul 17, 2022

Vientiane [Laos], July 17 : Laos, a south-east Asian nation is on the edge of default after building a China-financed high-speed train, giving new...