Search For "fitch"
India's oil demand outlook darkening as economy limps along: Fitch Solutio
Updated : 5 years, 5 months ago IST
Singapore, September 21 (ANI): Fitch Solutions has made a further downward revision to India refined fuels demand forecast for 2020 from minus 9.4 per cent to minus 11.5 per cent in line with further deterioration in the country's economic outlook.
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Financial sector confronts deforestation as a key ESG risk: Fitch
Updated : 5 years, 5 months ago IST
London [UK], September 18 (ANI): The environmental, social and governance (ESG) factors could increasingly influence global banks' financing activities relating to commodity producers in forest-risk regions as deforestation is under growing scrutiny from activists and policymakers, Fitch Rat
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Fitch maintains rating watch negative on Cairn India Holdings, withdraws r
Updated : 5 years, 5 months ago IST
Singapore, September 17 (ANI): Fitch Ratings has maintained Cairn India Holdings Ltd (CIHL) long-term issuer default rating of B-plus on rating watch negative (RWN).
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Weak outlook for property developers to affect cement and steel demand: Fi
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 16 (ANI): Fitch Ratings said on Wednesday it expects weak property demand and a sluggish construction cycle to cause India's cement consumption to drop by more than 15 per cent in the current financial year as more than 65 per cent of domestic cement demand
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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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India's fiscal deficit to widen in FY21 to 8.2 pc: Fitch Solutions
Updated : 5 years, 6 months ago IST
Singapore, September 8 (ANI): Fitch Solutions has revised its fiscal deficit forecast for India to 8.2 per cent from 7.2 per cent earlier due to quicker divergence in expenditures and non-debt receipts which saw the deficit exceed the full-year target in only four months.
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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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