Search For "fitch"
India's post-election budget nicely balances fiscal deficit, capital expen
Updated : 1 year, 7 months ago IST
"We believe that it (fiscal deficit) should be achievable as the government's assumption of 10.5 per cent nominal GDP growth in 2024-25 is modestly below our current forecast. We think the government should also be able to achieve its goal of reducing the deficit below 4.5 per cent of GDP in
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"Imran Khan to remain in prison, Pakistan economy very fragile," says glob
Updated : 1 year, 7 months ago IST
Business Monitor International (BMI), part of Fitch Group, has said that there is no likelihood of PTI chairman Imran Khan being released from jail anytime soon.
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Fitch revises outlook on Tata Steel to Negative from stable; Affirms at 'B
Updated : 1 year, 8 months ago IST
This adjustment reflects growing concerns over the company's ability to effectively turn around its UK operations amid ongoing challenges that could hinder its financial recovery.
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India's downstream oil and gas profits to fall; upstream to remain strong:
Updated : 1 year, 8 months ago IST
Fitch projects a 3 per cent-4 per cent increase in India's petroleum product demand for the fiscal year ending in March 2025 (FY25), buoyed by rising consumer, industrial, and infrastructure needs.
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With moderation in inflation India will see higher consumer spending: Fitc
Updated : 1 year, 8 months ago IST
The rating agency has elevated India's growth forecast by 20 basis point to 7.2 per cent for fiscal year 2024-25. Earlier in March Fitch has forecasted India's growth at 7 per cent.
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Global growth to moderate in 2025; US, China to decelerate to 1.5% and 4.5
Updated : 1 year, 8 months ago IST
Fitch projects a moderation in global growth for 2025 to 2.4 per cent as US economic expansion decelerates to a below-trend rate of 1.5 per cent, and China's growth slows further to 4.5 per cent due to declining exports and reduced government spending. Meanwhile, the eurozone is forecasted t
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July budget to offer insights into govt reforms: Fitch Ratings
Updated : 1 year, 9 months ago IST
According to Fitch Ratings, this outcome is expected to maintain broad policy continuity but poses challenges for advancing ambitious reforms due to the coalition dynamics and a weakened mandate.
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Fitch maintains India's rating at BBB-Stable, as coalition govt takes s
Updated : 1 year, 9 months ago IST
Fitch Ratings has maintained its assessment of India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, despite the coalition government following the recent election results.
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RBI's Rs 2.11 lakh dividend provides near term support to fiscal performan
Updated : 1 year, 9 months ago IST
The Rs 2.11 lakh all-time high dividend by Reserve Bank of India, will help the government in maintaining the fiscal deficit at targeted 5.1 per cent for the year 2024-25. Fitch Ratings says, the high dividend by RBI could even lower FD below the target.
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RBI's red flag on non-bank lenders raises volatility, Fitch says
Updated : 1 year, 10 months ago IST
The RBI recently clarified that NBFIs should comply with existing regulatory caps on disbursal of loans in cash to below Rs 20,000 (around USD 240). This compares to a higher Rs 200,000 cap on general cash transactions for individuals, which some lenders, the rating agency said, had adopted
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Asset quality issue at Indian banks subsiding, bolstering appetite for gro
Updated : 1 year, 10 months ago IST
Asset quality pressures are subsiding at Indian banks, creating a favourable business environment and bolstering banks' potential and appetite for growth, said Fitch Ratings on Monday.
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Higher generation capacity, gas-based plants to help meet India's high sum
Updated : 1 year, 10 months ago IST
Fitch Ratings expects India's power demand to rise by 7-8 per cent year-on-year in second quarter of 2024 due to robust industrial activity, strong GDP growth and the Indian Meteorological Department's (IMD) forecast of above-normal temperatures during the summer months.
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