Fitch Ratings

Fitch sees US slowdown in 'hard data' and not just surveys, but uncertainty over Trump tariffs have eased

Fitch said there is evidence of an underlying US slowdown in the 'hard economic data', but China’s export growth has managed to hold up well in the face of the shock of Trump tariffs, and even Eurozone growth has seen positive surprises

Yes Bank's stake sale to SMFG could set the stage for more foreign interest in India's lenders, says Fitch Ratings

The acquisition of stake in Indian banking entities could benefit the acquiring banks as it would offer them a wider branch network, which in turn could propel franchise growth in India's competitive banking industry, said Fitch Ratings.

India's petroleum demand to grow 3-4% in FY25: Fitch Ratings

The growth in the current fiscal is supported by rising consumer, industrial and infrastructure demand, the rating agency said in the report, projecting India’s GDP growth at 6.4 percent in FY25.

Fitch Ratings to India: Close, but no cigar

The key risk, says Fitch, "is if this private investment cycle does not materialise as a result of subdued consumption, which would weigh on job creation and dampen potential benefits from India's demographic dividend"

Fitch Ratings revises outlook on Tata Steel to negative amid uncertainty surrounding UK biz

"Fitch Ratings has revised the Outlook on India-based Tata Steel Limited's (TSL) Issuer Default Rating (IDR) to Negative, from Stable, and affirmed the IDR at 'BBB-'.

Private capex still on sidelines; may pick up towards 2024-end: Fitch Ratings' Zook

Zook said that though public capex has been supportive, if the government is hoping to consolidate, then the strong growth impetus seen so far may fade.

India bond inclusion may not lower borrowing costs aggressively: Fitch Ratings' Jeremy Zook

Zook added that the potential volatility from hot money flows are likely to be limited as well since the increase in foreign participation, on account of inclusion of Indian bonds in global indices, is expected to be relatively modest in the foreseeable future.

India's fiscal strategy beyond FY26 key to any positive rating action, says Fitch's Jeremy Zook

The government is looking to bring its fiscal deficit target to below 4.5 percent of GDP by FY26 and is targeting 5.1 percent in the ongoing financial year. According to Fitch Ratings' Zook, the upcoming Budget is likely to see a slight shift in the composition of spending with more thrust on social measures, but that will not have any impact on the government's fiscal consolidation path.

Record RBI dividend may help govt meet FY25 fiscal deficit target, say Fitch Ratings

The record Rs 2.11 lakh crore dividend can be used to narrow the fiscal deficit gap beyond 5.1%, the rating agency said, adding the post-election budget would offer clarity on the government's priorities

China says economy "stable," rejects Fitch Ratings downgrade of its fiscal outlook

he Finance Ministry said it was a pity that Fitch had downgraded its sovereign debt and faulted its methods, saying it had failed to take into account Beijing's moves toward appropriately intensifying, improving quality and efficiency of its government spending.

Banks' NIM to shrink 10-20bps over 2 years on rising funding cost: Fitch Ratings

On the profitability front, the ratings agency said continue to improve, although NIM compression will limit earnings upside over the medium term.

UPL shares in focus after Fitch downgrade, negative outlook on weak demand, poor EBITDA

Fitch has also downgraded UPL Corp's senior unsecured rating and the ratings on the senior unsecured notes to 'BB+', from 'BBB-'.

Fitch says India to miss FY25 fiscal deficit target of 5.1% by 30 basis points

According to the ratings agency, the Indian government’s aggressive fiscal target for the next financial year is unlikely to result in any significant changes in the country's sovereign credit profile.

Fitch affirms India at 'BBB-'; outlook stable

"India is poised to remain one of fastest-growing countries globally in next few years," the ratings agency said

India's economic growth to boost demand for corporates: Fitch Ratings

Fitch Ratings, a leading credit rating organisation, anticipates that India's sustained economic growth will enhance corporate demand.

India could be among fastest-growing nations in 2024-25, says Fitch

At present, India is the world’s fifth-largest economy, coming after the United States, China, Germany, and Japan. By 2030, India's GDP is projected to exceed Japan's, making it the second-largest economy in the Asia-Pacific region

Fitch warns of inflationary headwinds from Middle East-driven crude rally

The global GDP growth is estimated to be 0.4 percentage points lower in 2024, with a more modest 0.1 percentage point decrease in 2025.

Fitch Ratings raises India's mid-term growth forecast to 6.2%, downgrades China

Fitch attributes the higher growth prediction for several countries to one a shared factor — the rapid rebound in labour force participation rates, especially after substantial declines in 2020

Rising ownership costs to hurt India's commercial vehicle volume growth: Fitch

The ratings agency said increasing regulatory requirements, elevated inflation and high interest rates have pushed up the ownership costs, thereby weighing on purchase decisions.

Banks see better environment as Covid-linked economic risks reduce: Fitch

Fitch revised its OE mid-point score for Indian banks to ‘bb’ from ‘bb+’ in March 2020.

JPMorgan among US banks facing risk of rating cut as Fitch mulls downgrade

The ratings agency had earlier slashed its assessment of the US banking industry to AA- in June, but the move largely went unnoticed as it did not warrant an individual downgrade of the American banks

Fitch re-rating US won’t impact India, says S&P Global’s Atul Arya

Arya said that India has one of the best demographics in the world, but in order to take advantage of this dividend, the country needs to increase the participation of women in the workforce, which, at 24 percent, is much lower than the global average.

From Nikhil Kamath to Samir Arora, experts react after market rout over Fitch action