Tag: Fitch Ratings
17 Results
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Fitch cuts India growth forecast to 10 pc, says rapid vaccination to support revival
RBI too earlier this month cut India's growth forecast to 9.5 per cent for this fiscal, from 10.5 per cent estimated earlier.
July 7, 2021 -
Indian pharma industry sales to log robust growth: Fitch Ratings
The risk of further waves of infection remains significant in markets with slow roll-outs of vaccination, including India, but healthcare systems are better prepared after the second wave, which should limit the impact.
June 17, 2021 -
Economic activity down in April, May but shock less severe than 2020: Fitch
The measures announced by RBI on May 5 will provide some relief to financial institutions in the next 12-24 months.
May 10, 2021 -
Fitch Ratings affirms India’s sovereign rating at ‘BBB-‘, outlook negative
In terms of growth projections, Fitch expects economic activity to grow by 12.8 per cent in the fiscal year ending March 2022 (FY22).
April 23, 2021 -
NBFIs face renewed asset quality risks amid second COVID wave: Fitch Ratings
It said a key COVID hotspot is Maharashtra, the state with the largest economic contribution in India at 13-14 per cent of the national GDP.
April 8, 2021 -
India’s Budget points to a loosening of fiscal policy: Fitch Ratings
Fitch's latest economic outlook projected growth at 11 per cent in FY22 then at around 6.5 per cent a year through to FY26. This pace of expansion reflects base effects and the closing of output gaps after the pandemic shock.
February 11, 2021 -
Fitch revises India GDP forecast, sees contraction at 9.4 pc
The failure of another bank in recent weeks the third failure in the past 16 months underlines the challenges in the financial sector.
December 8, 2020 -
Fitch expects marketing, refining volume of oil firms to fall 15% in FY21
GRMs of BPCL, Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and Reliance Industries Ltd fell sharply in April-June due to weak industry conditions and inventory losses.
October 15, 2020 -
Fitch Ratings takes rating action on four NBFCs
STFC's rating has been affirmed at 'BB' and Rating Watch Negative (RWN) has been removed.
September 22, 2020 -
Stake sale, Future’s asset acquisition to boost RIL retail: Fitch
RIL's acquisition of Future Group's warehousing and logistics business, in addition to its stores, will help expand the scale of JioMart, RIL's online grocery platform.
September 11, 2020 -
Indian economy to contract 10.5% instead of 5%: Fitch Ratings
India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdown.
September 8, 2020 -
GAIL’s weaker EBIT highlights US LNG price risks: Fitch Ratings
The recent increase in Asian spot LNG prices to above USD 3 per MMBTU should limit the extent of the losses, but a potentially slower demand recovery post lockdown is likely to keep the margin in the red.
August 24, 2020 -
Indian auto demand outlook cloudy despite July respite: Fitch
Fitch said India's auto demand continues to face several challenges, while it forecasts overall industry volume to decline over 20 per cent.
August 18, 2020 -
Fitch revises outlook of SBI, 8 other banks to negative
SBI is 57.9 per cent state-owned and has a much broader policy role than peers.
June 22, 2020 -
Fitch Ratings revises India’s outlook to negative from stable
Fitch said its forecasts are subject to considerable risks due to the continued acceleration in the number of new COVID-19 cases as the lockdown is eased gradually.
June 18, 2020 -
Indian economy to grow at 9.5% in next fiscal: Fitch Ratings
India on March 25 instituted the world's largest lockdown to combat the novel coronavirus, halting almost all economic activities.
June 10, 2020 -
Fitch says Indian banks balance-Sheet risks rise’ with surging lending pressure
The American credit agency estimates that the impact on impaired-loan ratios could be anywhere between 200bp-600bp.
May 28, 2020