Search For "fitch rating"
Fitch raises India 2023-24 growth forecast above government estimates
Updated : 2 years, 2 months ago IST
This growth forecast by the global rating agency is 20 basis points higher than the government's estimate of 7.6 per cent.
Read More
Fitch raises global growth forecast on improved near-term prospects
Updated : 2 years, 2 months ago IST
Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3 percentage points to 2.4 per cent in its latest Global Economic Outlook (GEO), arguing that the prospects for growth world over in the near-term have improved.
Read More
India's petroleum products demand to increase mid-single-digit percentage
Updated : 2 years, 3 months ago IST
India's demand for petroleum products is likely to increase by a mid-single-digit percentage in the financial year ending March 2024, following a 10 per cent post-pandemic recovery in 2022-23, according to Fitch Ratings.
Read More
India's downstream oil and gas demand, upstream output to keep rising in F
Updated : 2 years, 3 months ago IST
According to Fitch Ratings, this follows a robust 5 per cent year-on-year increase in the first nine months of FY24 and a noteworthy 10 per cent post-pandemic recovery witnessed in FY23.
Read More
Emerging-market capital inflows soar to a decade high, expected to reach U
Updated : 2 years, 4 months ago IST
The anticipated increase is attributed to several factors including higher growth prospects in emerging markets compared to developed markets and the potential for US Federal Reserve rate cuts later in the year.
Read More
India's fiscal strategy gains momentum: Interim budget accelerates consoli
Updated : 2 years, 4 months ago IST
Fitch Ratings highlights that these targets align closely with their assumptions when affirming India's rating at 'BBB-' with a Stable Outlook in January.
Read More
India's interim Budget reinforces commitment to gradual fiscal consolidati
Updated : 2 years, 4 months ago IST
India's interim Budget presented last week pointed to a slightly faster pace of consolidation in the next two fiscal years than was previously expected, and it reinforced its commitments to raise capital investment, said Fitch Ratings.
Read More
Fitch Ratings: Hybrids pave the way for Japanese automakers' shift to batt
Updated : 2 years, 4 months ago IST
According to Fitch Ratings, the strategic positioning of HEVs as a transitional replacement for internal combustion engine (ICE) vehicles allows automakers to build profits and lay the groundwork for a seamless shift to BEVs.
Read More
Fitch Ratings warns of credit implications as cyber attacks pose risks to
Updated : 2 years, 4 months ago IST
As per Fitch Ratings, the impact on SF notes could result from operational disruptions, a re-evaluation of risk management quality, or spill-overs affecting underlying obligor behaviour. Ultimately, a cyber attack could result in a missed bond payment, creating credit implications for SF tra
Read More
Fitch Ratings report highlights concerns as Asia-Pacific corporates face c
Updated : 2 years, 4 months ago IST
As per Fitch Ratings, the cumulative net downgrades have reached a record high of 235 since early 2019, underscoring the ongoing challenges faced by businesses in the region.
Read More
South, South-East Asia petrochemical market faces weak outlook amidst slow
Updated : 2 years, 4 months ago IST
According to Fitch Ratings, this projection is driven by factors such as uncertain Chinese demand, a broader slowdown in global growth, and a prevalent oversupply of petrochemical products in the region.
Read More
Arbitration ruling boosts credit profile for Delhi International Airport L
Updated : 2 years, 4 months ago IST
Fitch sees this decision as a substantial step in reducing the number of unresolved issues at DIAL and anticipates that it will contribute to the company's deleveraging shortly.
Read More