Search For "fitch ratings"
A-Pac growth outlooks diverge amid recovery from pandemic shock
Updated : 4 years, 10 months ago IST
Hong Kong, May 3 (ANI): Asia Pacific economies are recovering from the initial shock of the Covid-19 pandemic but intra-regional disparities in the magnitude of shock and durability of growth outlooks are increasingly evident, Fitch Ratings has said.
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Fitch downgrades Future Retail to restricted default on DDE
Updated : 4 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 1 (ANI): Fitch Ratings has downgraded Future Retail Ltd's (FRL's) long-term issuer default rating to 'restricted default' from 'distressed' following the company's announcement that it has completed restructuring of bulk of its onshore debt.
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Fitch affirms India at BBB-minus, Covid not to derail economic recovery
Updated : 4 years, 11 months ago IST
Hong Kong, April 23 (ANI): Fitch Ratings has affirmed India's long-term foreign-currency issuer default rating (IDR) at BBB-minus and said the surging second wave of Covid-19 might delay GDP recovery but will not derail the economy.
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Fitch removes positive outlook on Future Retail
Updated : 4 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 17 (ANI): Fitch Ratings has affirmed Future Retail Ltd's (FRL's) issuer default rating at 'C' and the rating on its USD500 million 5.6 per cent senior secured notes due 2025 at 'C' while revising the recovery rating to 'RR5' from 'RR4'.
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Currency frictions pose limited macro risk for Asian sovereigns: Fitch
Updated : 4 years, 11 months ago IST
Hong Kong, April 16 (ANI): Fitch Ratings has said it expects the Biden administration to downplay tensions over exchange-rate policies with trade partners in Asia due in part to geopolitical considerations even though some are on or at risk of being placed on the US Treasury's currency ma
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Rating on Azure Power Solar's notes unaffected by sale of rooftop projects
Updated : 4 years, 11 months ago IST
Hong Kong, Apr 12 (ANI): The rating on Azure Power Solar Energy Pvt Ltd's (APSEPL')s 350.1 million dollar 5.65 per cent senior notes due 2024 is not affected by the sale of Azure Power Global Ltd's (APGL's) rooftop solar portfolio, Fitch Ratings said on Monday.
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Second Covid-19 wave heightens risks for Indian banks: Fitch
Updated : 4 years, 11 months ago IST
Mumbai (Maharashtra), Apr 9 (ANI): India's second wave of Covid-19 infections poses increased risks for India's fragile economic recovery and its banks, Fitch Ratings said on Friday.
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Coronavirus surge can delay Indian NBFIs' recovery: Fitch
Updated : 4 years, 11 months ago IST
Singapore, April 8 (ANI): India's non-bank financial institutions (NBFIs) face renewed asset quality and liquidity risks amid a second wave of coronavirus infections, according to Fitch Ratings.
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Fitch assigns HCL Tech first-time A-minus IDR, outlook stable
Updated : 4 years, 11 months ago IST
Hong Kong, Apr 5 (ANI): Fitch Ratings on Monday assigned HCL Technologies first-time long-term foreign- and local-currency issuer default ratings of A-minus.
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Fitch affirms Tata Chemicals at BB-plus with stable outlook
Updated : 4 years, 12 months ago IST
Singapore, Mar 27 (ANI): Fitch Ratings has affirmed Tata Chemicals Ltd's (TCL's) long-term foreign currency issuer default rating at BB-plus with a stable outlook.
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Multiple steps remain in BPCL's divestment: Fitch
Updated : 4 years, 12 months ago IST
Singapore, March 26 (ANI): There has been progress in Bharat Petroleum Corporation Ltd's (BPCL's) disinvestment following developments on key queries raised by potential buyers but multiple steps of the process remain outstanding, according to Fitch Ratings.
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A-Pac banks to face portfolio valuation losses as yields rise: Fitch
Updated : 4 years, 12 months ago IST
Singapore, March 26 (ANI): A rise in yields for long-dated sovereign bonds will result in near-term losses for the Asia Pacific (A-Pac) banks as they recognise valuation changes on their available-for-sale (AFS) bond portfolios, according to Fitch Ratings.
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