Search For "fitch rating"
GAIL's weaker EBIT highlights US LNG price risks: Fitch
Updated : 5 years, 9 months ago IST
Singapore, Aug 24 (ANI): Fitch Ratings says GAIL India Ltd's 82 per cent year-on-year plunge in earnings before interest and taxes (EBIT) to Rs 480 crore in the first quarter of the financial year ending March 2021 was weaker than the agency's expectations and reflects price risks under GAIL
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Indian automakers' demand outlook cloudy despite some respite in July: Fit
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], Aug 22 (ANI): Demand for automobiles in India continues to be uncertain even though the sharp slide in sales during April to June slowed in July which could reflect the release of pent-up demand following gradual easing of restrictions to contain coronavirus pan
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Coronavirus hits Indian electricity demand, capacity addition: Fitch
Updated : 5 years, 9 months ago IST
Singapore, Aug 21 (ANI): Fitch Ratings expects India's electricity demand to drop by 4 per cent during the financial year ending March 2021 given the expectations of only a gradual pick-up in economic activity since pandemic-related lockdowns were relaxed in June.
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Regulations support Adani Transmission's EBITDA, collection delays: Fitch
Updated : 5 years, 10 months ago IST
Singapore, Aug 12 (ANI): The operating profit of Adani Transmission Ltd's (ATL's) electricity transmission and distribution business is largely immune to lower volume caused by coronavirus pandemic as it benefits from a favourable regulatory framework, Fitch Ratings said on Wednesday.
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India's bank debt restructuring to delay NPL recognition: Fitch
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], Aug 11 (ANI): The Reserve Bank of India's (RBI's) recent proposal to allow banks to restructure many types of loans will extend uncertainty over the banking sector's asset quality, Fitch Ratings said on Tuesday.
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India's incentives for domestic API production could cut supply risk: Fitc
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], Aug 10 (ANI): The Indian government's recent incentives to boost domestic manufacturing of active pharmaceutical ingredients (APIs) and key starting materials (KSMs) can improve backward integration over the next few years and curtail supply-chain disruption ris
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Indian telcos' revenue grows strongly defying coronavirus: Fitch
Updated : 5 years, 10 months ago IST
Singapore, Aug 7 (ANI): Indian telecom operators reported strong revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) growth in the three months ending June (Q1 FY21) due to tariff growth and higher data usage, defying the economic slowdown from the countrywide
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Indian banks to require more capital as safeguard against stress: Fitch
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 1 (ANI): Indian state-owned banks' plans to raise capital from private sources will not be sufficient to mitigate anticipated risks unless supplemented with additional capital support from the government, according to Fitch Ratings.
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Coronavirus impact on GDP will be felt for years to come: Fitch
Updated : 5 years, 10 months ago IST
London [UK], July 31 (ANI): The impact of 2020 coronavirus recession on GDP will continue to be felt for years to come with GDP levels in the largest advanced economies expected to remain around 3 to 4 per cent below their pre-virus trend path by the middle of this decade, Fitch Ratings h
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Fitch downgrades Future Retail's IDR to C on missed coupon
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 25 (ANI): Fitch Ratings has downgraded Future Retail's long-term issuer default rating and the rating on its 500 million dollars 5.6 per cent senior secured notes due in 2025 to C from CCC-plus with the recovery rating remaining at RR4.
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Fitch affirms Indian Oil Corporation at BBB-minus with negative outlook
Updated : 5 years, 10 months ago IST
Singapore, July 21 (ANI): Fitch Ratings has affirmed Indian Oil Corporation's (IOC's) long-term foreign-currency issuer default rating at BBB-minus with a negative outlook.
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Fitch affirms Glenmark Pharmaceuticals at BB, withdraws proposed bond rati
Updated : 5 years, 11 months ago IST
Singapore, July 10 (ANI): Fitch Ratings has affirmed Glenmark Pharmaceuticals' long-term issuer default rating at BB with a stable outlook.
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