Search For "fitch ratings"
Uncertain outlook for India as public debt rise underscores policy challen
Updated : 5 years, 6 months ago IST
Hong Kong, September 11 (ANI): Economic growth will turn positive for Asia in the second half of this calendar year but the process of fiscal consolidation is set to be more protracted for the region, according to Fitch Ratings.
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Stake sale, Future Group asset acquisition to boost Reliance's retail busi
Updated : 5 years, 6 months ago IST
Singapore, September 10 (ANI): Reliance Industries Ltd's (RIL's) plan to sell a stake in its retail subsidiary at an equity valuation of Rs 4.21 lakh crore and its proposed acquisition of Future Group's retail businesses will solidify RIL's position in India's organised retail market and str
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Fitch affirms Bharat Petroleum at BBB-minus with negative outlook
Updated : 5 years, 6 months ago IST
Singapore, September 9 (ANI): Fitch Ratings has affirmed Bharat Petroleum Corporation Ltd's (BPCL's) long-term foreign-currency issuer default rating at BBB-minus with a negative outlook.
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Fitch lowers India FY21 GDP forecast to minus 10.5 per cent
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 8 (ANI): Fitch Ratings has sharply lowered its forecast for India's gross domestic product (GDP) growth for the current fiscal year (FY21) and expects it to contract by 10.5 per cent as compared to its earlier estimate of 5 per cent contraction.
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Fitch places Future Retail on rating watch positive on sale to Reliance
Updated : 5 years, 6 months ago IST
Sydney [Australia], September 4 (ANI): Fitch Ratings has placed Future Retail Ltd's (FRL's) issuer default rating of C and the rating on its 500 million dollars 5.6 per cent senior secured notes due in 2025 of C with a recovery rating of RR4 on rating watch positive.
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Chinese banks' profit decline to worsen in H2: Fitch Ratings
Updated : 5 years, 6 months ago IST
Hong Kong/Shanghai, September 4 (ANI): The fall in Chinese banks' profits will accelerate in the second half of current calendar year as authorities target to more than double the amount of non-performing loans (NPLs) resolved compared with the first half of the year, Fitch Ratings has said.
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Large, mid-sized Indian private banks to gain more market share: Fitch
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 3 (ANI): Indian private banks which have stronger loss-absorption buffers than the public sector banks are likely to gain market share from their state-owned peers in the medium term, Fitch Ratings said on Thursday.
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Indian pharma's sales to rise after cost cuts support margins in pandemic-
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 29 (ANI): Indian pharmaceutical companies' sales will rise after a gradual easing of the coronavirus pandemic-related lockdown measures that caused disruptions across most markets in April to June, Fitch Ratings has said.
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India's gold-focused NBFIs' risks rise with high gold prices: Fitch
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 28 (ANI): A surge in gold prices since the start of coronavirus pandemic has helped to support higher loan growth by some Indian non-bank financial institutions (NBFIs) that lend against the metal, a move that will bolster their interest income but the trend
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Further consolidation in Indian aviation on slow demand rebound: Fitch
Updated : 5 years, 7 months ago IST
Singapore, Aug 26 (ANI): The weak liquidity position of some Indian airlines is likely to force them to curtail operations and allow stronger rivals to enhance their presence in the domestic aviation sector, Fitch Ratings said on Wednesday.
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GAIL's weaker EBIT highlights US LNG price risks: Fitch
Updated : 5 years, 7 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, 7 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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