Search For "fitch"
Indian banks' loan write-offs to continue: Fitch Ratings
Updated : 6 years, 3 months ago IST
Singapore, Dec 5 (ANI): Indian banks are likely to take significantly more loan write-offs against a backdrop of rising provisions and weak recovery prospects, Fitch Ratings said on Thursday.
Read More
Indian telcos tariff hike, reliefs won't offset unpaid dues: Fitch
Updated : 6 years, 3 months ago IST
Singapore, Nov 22 (ANI): The decision by all three private Indian telecommunication companies to raise tariffs from December and a two-year moratorium on payment of spectrum dues are unlikely to be sufficient to offset the impact of a recent Supreme Court judgement for incumbents Bharti Airt
Read More
Sri Lanka election result increases policy uncertainty: Fitch
Updated : 6 years, 3 months ago IST
Hong Kong, Nov 22 (ANI): Sri Lanka's presidential election significantly increases policy uncertainty and could prompt loosening that exacerbates fiscal weaknesses and a rollback of reforms, according to Fitch Ratings.
Read More
Rating agencies downgrade Vodafone-Idea, Bharti Airtel after SC ruling on
Updated : 6 years, 4 months ago IST
New Delhi [India], Oct 31 (ANI): Care Ratings has downgraded its rating on long-term bank facilities and non-convertible debentures of Vodafone Idea as Fitch placed Bharti Airtel's BBB long-term foreign currency issuer default rating (IDR) on rating watch negative (RWN).
Read More
India's credit squeeze pushes growth to a six-year low: Fitch Ratings
Updated : 6 years, 4 months ago IST
London [Britain], Oct 25 (ANI): The Indian economy is being held back by a large squeeze in credit availability emanating from non-bank financial companies (NBFCs), according to Fitch Ratings.
Read More
Muthoot Finance gets good ratings from three global agencies
Updated : 6 years, 5 months ago IST
Ernakulam (Kerala) [India], Oct 11 (ANI): Muthoot Finance, the country's largest gold financing company in terms of loan portfolio, has obtained credit ratings from three global agencies as it prepares to access the debt market.
Read More
Tax cuts may bolster growth eventually but fiscal impact comes sooner: Fit
Updated : 6 years, 5 months ago IST
Hong Kong, Sep 26 (ANI): India's corporate tax cuts support efforts to stimulate investment and GDP growth in the medium term but will cause the fiscal deficit to widen in the near term, Fitch Ratings said on Thursday.
Read More
Banks consolidation no fix for near-term challenges: Fitch Ratings
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 11 (ANI): The proposed further consolidation of Indian state-owned banks should be a long-term positive for the industry but not necessarily a remedy for its near-term challenges, Fitch Ratings said on Wednesday.
Read More
Steps to boost lending could increase banking sector risk: Fitch
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 6 (ANI): Risks in India's banking sector may rise as a result of the central bank's steps encouraging more lending to non-bank financial institutions (NBFIs) and retail borrowers, Fitch Ratings said on Friday.
Read More
China slowdown to hit banks in Asian developed markets most: Fitch
Updated : 6 years, 6 months ago IST
Singapore, Aug 21 (ANI): Banks in Asia's trade-dependent developed markets will face the most pressure on their credit profiles in the event of a sharp slowdown in the Chinese economy, according to a new report by Fitch Ratings.
Read More
Fitch too downgrades Macrotech Developers to B minus, warns of more rating
Updated : 6 years, 7 months ago IST
Singapore, Aug 16 (ANI): Fitch Ratings said on Friday it has downgraded leading real estate player Macrotech Developers Ltd (MDL) due to the concerns on liquidity management.
Read More
NBFI funding squeeze to hit property developers hardest: Fitch
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 16 (ANI): Liquidity risk is increasing for Indian real estate developers as non-bank financial institutions (NBFIs) including housing finance companies are shying away from lending to the sector, Fitch Ratings said on Friday.
Read More