Tag: Fitch
14 Results
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Recovering petroleum demand to support OMCs profitability: Fitch
The trend, thereby, lowers the downside risks for OMCs credit metrics, it said.
February 17, 2021 -
India’s near-term fiscal deficit target higher than expected: Fitch
Fitch forecasts real GDP to rebound by 11 per cent in FY22 (2021-22) and grow around 6.6 per cent per annum through FY26.
February 2, 2021 -
Unreal optimism
Standard & Poor’s has already observed that the recession caused by the pandemic will have a deeper and longer impact on lenders than apprehended earlier and that gross NPAs may jump to 14 per cent in the current financial year, up from 8.5 per cent.
July 9, 2020 -
Indian telcos’ mobile growth weakens amid pandemic: Fitch
FY20 (April 2019 to March 2020) fiscal EBITDA growth for the telecom industry is estimated at 25 per cent.
May 21, 2020 -
Fitch too predicts 7.3 pc GDP growth
After the World Bank, global rating agency Fitch on Thursday projected India’s economic growth for next year to be 7.3 per cent and further to 7.5 per cent in 2019-20. But for the current fiscal that ends 31 March, its growth outlook is 6.5 per cent which is lower that the Central Statistics Office’s 6.6 …
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March 16, 2018 -
India’s growth to touch 7.3% next fiscal, 7.5% in 2019-20: Fitch
Fitch on Thursday projected India’s economic growth to rise to 7.3 per cent next fiscal and further to 7.5 per cent in 2019-20. In its Global Economic Outlook report, the US-based agency forecast Indian economy to clock a growth rate of 6.5 per cent this fiscal, a tad lower than official estimates by the Central …
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March 15, 2018 -
GST to be positive for auto, retail; negative for SMEs: Fitch
New indirect tax regime GST is likely to be beneficial for auto, cement and organised retail sectors, but will have a negative impact on oil and gas, and SME sectors, Fitch Ratings said on Tuesday. In contrast, the impact would be broadly neutral for property, electricity, telecom, pharmaceutical and fertiliser sectors, it said. “The national …
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July 18, 2017 -
Fitch affirms India’s rating at ‘BBB-‘, outlook stable
Global ratings agency Fitch on Tuesday affirmed India's long-term foreign and local currency ratings at 'BBB-', the lowest investment grade, but said the outlook is "stable". Further, the rating agency said it expected India's real Gross Domestic Product to grow at 7.7 per cent during 2017-18. "India's positive GDP growth outlook stands out among peers," …
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May 2, 2017 -
Fitch ups India’s GDP growth forecast to 7.1% for FY 2017
Following Union government’s data which showed no major impact of demonetisation, Fitch on Tuesday said the Indian economy will grow at 7.1 in the current financial year and 7.7 per cent in the next financial year. “Indian economy to grow by 7.1 per cent in current fiscal, 7.7 per cent in 2017-18,” Fitch report stated. …
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March 7, 2017 -
Oil cos’ merger can be challenging yet beneficial: Fitch
The proposed merger of state-owned oil companies could reduce inefficiencies across the sector and create an entity better placed to compete globally for resources, Fitch Ratings said on Tuesday. "However, a merger would face significant execution challenges, particularly in terms of managing the integration of employees, addressing overcapacity in the merged entity, and winning the …
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February 7, 2017 -
India’s GDP growth will be better than China’s: Fitch
While there are many facets to India’s demonetisation measure making it difficult to predict the impact on real gross domestic product (GDP) growth, the growth will still be higher than China’s in the medium term, said Fitch Ratings. In a statement, the credit rating agency said it expects India’s GDP growth trend higher than China’s …
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November 25, 2016 -
IOC investment plan not to affect its credit profile: Fitch
International rating agency Fitch Ratings on Monday said Indian Oil Corporation’s (IOC) financial profile would "remain stable" even though the state-run oil marketing company (OMC) planned to invest Rs.1,700-Rs.1,800 billion over the next six years. The OMC on Thursday announced that it would invest Rs.1,700-1,800 billion over the next six years, including around Rs.150 billion …
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September 19, 2016 -
‘Urjit Patel to instituionalise policy changes at RBI’
Under new Governor Urjit Patel, RBI is expected to institutionalise policy changes initiated to curb inflation and clean up the balance sheets of banks, Fitch said on Friday. Low inflation will positively impact India’s credit rating by improving investment climate, the global agency said. It added however that the inflation target range under the monetary …
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September 2, 2016 -
Masala bonds to ease capital constraints for banks: Fitch
RBI’s move to allow banks to issue masala bonds will remove obstacles for lenders in accessing additional tier I (AT1) and tier II bond capital and also widen the investors pool, says Fitch. Reserve Bank had on Thursday announced a series of measures related to the country’s fixed-income and currency markets. Fitch said the RBI’s …
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August 26, 2016