While this poses challenges, Fitch remains optimistic about the resilience of most Asia-Pacific (APAC) automakers, citing robust balance sheets as a key factor in supporting their credit profiles.
Fitch Ratings sheds light on the intricate dynamics affecting key players in the automotive supply chain and explores the nuanced strategies they employ to weather the current storm.
According to the Fitch Ratings report, this forecast is rooted in the expectation of increased palm and vegetable oil production, attributed to favourable weather conditions coinciding with a shift in global weather patterns.
Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues in the region and steering investment and financial requirements towards a more environmentally responsible approach.
India's power demand is expected to rise by around 7 per cent in the financial year ending March 2024 amid robust industrial activity, according to Fitch Ratings.
The report provides insights into the factors influencing this recovery, the varying impacts on different companies, and the overall outlook for the consumer electronics industry.
Higher-than-expected oil prices in a scenario where the ongoing Middle East conflict disrupts oil supply would cause lower economic growth and higher inflation, according to Fitch Ratings.
According to Fitch's Global Economic Outlook (GEO), a scenario with average oil prices of USD 75 per barrel in 2024 and USD 70 per barrel in 2025 could be upended if oil prices spike to USD 120 per barrel in 2024 and USD 100 per barrel in 2025 due to supply restrictions.
According to a Fitch Ratings report, this move notably affects a range of properties within 11 Fitch-rated Commercial mortgage-backed securities (CMBS) transactions.
The affirmation is grounded in Fitch's expectation of Bharti's continuous improvement in EBITDA net leverage, driven by robust cash flow growth, and its capacity to fund considerable 5G-related capex alongside shareholder returns.
The trend of betterment in receivables witnessed over the past two years is expected to persist in the immediate future. However, the long-term sustained enhancement hinges on the targeted execution of structural reforms aimed at bolstering the financial robustness of distribution companies