Tag: Fitch Ratings
17 Results
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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 -
India’s ‘mammoth’ COVID-19 package much smaller than it seems, says Fitch Solutions
The rating agency said a seeming reluctance for fiscal expansion by the central government amid the COVID-19 crisis in India also poses a significant downside risk to its 1.8 per cent growth forecast for 2020-21 fiscal.
May 19, 2020 -
Fitch thinks stimulus isn’t enough with context to reopen economy
Fitch said the 100 per cent guarantee for MSME loans and farm support schemes were the two main highlights from the announcements.
May 15, 2020 -
Reliance Industries’ slew of equity deals to drive improvement in Co rating: Fitch
It also got USD 1 billion from selling 49 per cent stake in the auto fuel retailing business to BP plc.
May 13, 2020 -
Fitch affirms Delhi, Hyderabad airports’ ratings at ‘BB+’ with negative outlook
GMR Hyderabad International Airport Limited (GHIAL) and Delhi International Airport Limiteds (DIAL) operations are limited to cargo and evacuation flights under these circumstances.
May 12, 2020 -
Deteriorating fiscal outlook could pressurise India’s sovereign rating, says Fitch
Fitch said its assessment of India's rating in such a case would be guided by our judgement of its probable medium-term fiscal path in the post-crisis environment.
April 28, 2020 -
Covid-19: Fitch Ratings revises India’s growth forecast to 0.8% in FY21
1. This is the third update of Fitch Ratings’ Global Economic Outlook forecast in a month. 2. In a normal scenario, these ratings are given on a quarterly basis.
April 23, 2020