Search For "fitch ratings"
India's economy poised for recovery supported by vaccine rollout: Fitch
Updated : 5 years, 2 months ago IST
New York [USA], January 11 (ANI): Fitch Ratings expects India's economy to contract by a record 9.4 per cent in the current fiscal year ending March 2021 (FY21) amid the shock from coronavirus pandemic but this represents a 1.1 percentage point improvement from its our previous forecast, ref
Read More
Fitch rates Shriram Transport Finance's proposed USD senior secured bonds
Updated : 5 years, 2 months ago IST
Mumbai (Maharashtra) [India], Jan 6 (ANI) Fitch Ratings on Wednesday assigned Shriram Transport Finance Company's (STFC's) proposed US dollar-denominated senior secured notes an expected rating of BB(EXP).
Read More
Fitch assigns TCS first-time A-minus IDR with negative outlook
Updated : 5 years, 3 months ago IST
Hong Kong, December 22 (ANI): Fitch Ratings has assigned Tata Consultancy Services (TCS) long-term foreign-currency and local-currency issuer default ratings (IDRs) of A-minus with a negative outlook.
Read More
Price hikes to dampen recovery for Indian automakers after festive boost:
Updated : 5 years, 3 months ago IST
Mumbai (Maharashtra) [India], December 17 (ANI): Indian automakers' plans to pass on higher commodity prices to customers will dim the prospects for a demand recovery after December when the boost in some categories from pent-up demand and festive spending fades and the economic impact from
Read More
NBFIs' credit pressures to persist as GDP recovers: Fitch
Updated : 5 years, 3 months ago IST
Mumbai (Maharashtra) [India], December 11 (ANI): Indian non-banking financial institutions (NBFIs) will continue to face challenging conditions in 2021 even as the economy is projected to gradually recover, according to Fitch Ratings.
Read More
Fitch expects gradual recovery for Indian aviation with risk of higher com
Updated : 5 years, 3 months ago IST
Chicago [US], December 10 (ANI): Fitch Ratings expects average revenue passenger kilometres for India's airlines to remain 40 per cent below 2019 levels in 2021 despite recovering from being 65 per cent lower in 2020.
Read More
Rise in Indian auto loan arrears to lag economic slowdown: Fitch
Updated : 5 years, 3 months ago IST
Hong Kong, December 9 (ANI): The net cumulative 90-plus days past due arrears of Indian auto loan securitisations are expected to rise by 1.25 to 1.50 times from pre-pandemic levels in 2021 due to the lagged effect of macroeconomic stress, Fitch Ratings has said.
Read More
Fitch revises India's FY21 GDP contraction forecast to 9.4 pc
Updated : 5 years, 3 months ago IST
London [UK], December 8 (ANI): Fitch Ratings has revised India's GDP forecast to minus 9.4 per cent in the current fiscal year from a previously projected contraction of 10.5 per cent after the economy staged a sharper rebound in the second quarter.
Read More
Fitch affirms Axis Bank's IDR at BB-plus with negative outlook
Updated : 5 years, 3 months ago IST
Singapore, December 7 (ANI): Fitch Ratings has affirmed Axis Bank's long-term issuer default rating at BB-plus with a negative outlook and its viability rating at bb.
Read More
Fitch affirms SBI's IDR at BBB-minus with negative outlook
Updated : 5 years, 3 months ago IST
Singapore, December 4 (ANI): Fitch Ratings has affirmed State Bank of India's (SBI's) long-term issuer default rating at BBB-minus with a negative outlook.
Read More
Central govt reforms in response to COVID-19 can raise India's medium-term
Updated : 5 years, 4 months ago IST
New Delhi [India], November 20 (ANI): Revival of the central government's reform agenda in response to the coronavirus pandemic shock has the potential to raise India's medium-term growth rate, said Fitch Ratings on Friday.
Read More
Fitch affirms Adani Green Energy restricted group 2's notes at BBB-minus
Updated : 5 years, 5 months ago IST
Hong Kong, Oct 10 (ANI): Fitch Ratings has affirmed Adani Green Energy Ltd restricted group 2 (AGEL RG2) 362.5 million dollars senior secured partially amortising notes due in 2039 at BBB-minus.
Read More