Australia stocks higher at close of trade; S&P/ASX 200 up 0.56%
By Administrator_ India Capital Sands Australia stocks were higher after the close on Tuesday, as gains in the Gold, Metals & Mining, and Resources sectors led to shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.56%. The worst performers of the session were Flight Centre Ltd, which fell 4.61% or 0.78 points to trade at 16.14 at the […]
S&P downgrades Future Retail’s issuer credit rating on debt recast
By Administrator_ India Capital Sands Global rating agency Standard & Poor’s has downgraded Future Retail Ltd’s long-term rating issuer credit rating from “CCC-” to “SD”, amounting to default. The rating action follows a restructuring of onshore debt. India-based Future Retail has completed the one-time restructuring of its onshore debt (about Rs 10,200 crore) that includes extending the maturity of […]