172@29@17@242!~!172@29@0@53!~!|news|tags|fitch-ratings.html!~!|controller|tag.php
you are here: HomeNewsFitch ratings
fitch ratings
Jump to
484 Results Found
  • State-owned banks need more capital to safeguard against stress: Fitch Ratings Jul 27, 2020 03:07 PM IST

    State-owned banks need more capital to safeguard against stress: Fitch Ratings

    Fitch said state banks already face significant execution risks in raising equity due to depressed stock market valuations and weak investor interest.

  • Fitch Ratings maintains IOC debt rating at 'BBB-', outlook negative Jul 20, 2020 08:38 PM IST

    Fitch Ratings maintains IOC debt rating at 'BBB-', outlook negative

    IOC's rating benefits from its dominant market position in India, where it is the largest oil refining and marketing company, the above-average complexity of its refining assets and improving diversification

  • COVID-19 impact | Indian banks to face earning pressure for at least two years: Fitch Ratings Jul 01, 2020 03:55 PM IST

    COVID-19 impact | Indian banks to face earning pressure for at least two years: Fitch Ratings

    The reported performance of Indian banks for the financial year ended March 2020 does not adequately reflect the incipient stress caused by the pandemic, the rating agency said.

  • Fitch slashes India's FY22 growth forecast to 8% Jun 30, 2020 06:22 PM IST

    Fitch slashes India's FY22 growth forecast to 8%

    The rating agency, however, retained its projection of Indian economy contracting by 5 percent in the current fiscal.

  • Fitch affirms 'BBB-' rating at GAIL, outlook negative Jun 29, 2020 07:42 PM IST

    Fitch affirms 'BBB-' rating at GAIL, outlook negative

    GAIL's dominant market position in the regulated utility gas-transmission business, complemented by its diversification into other business segments, and healthy credit metrics were factors governing the rating.

  • Fitch revises outlook on Housing and Urban Development Corporation to negative from stable Jun 24, 2020 06:50 PM IST

    Fitch revises outlook on Housing and Urban Development Corporation to negative from stable

    HUDCO is a policy institution that provides housing finance and non-commercial urban infrastructure financing. It is regulated by the National Housing Bank (NHB) and is under the administrative control of the Ministry of Housing and Urban Affairs.

  • Auto volumes likely to recover partially in second half of FY21: Fitch Jun 23, 2020 09:46 PM IST

    Auto volumes likely to recover partially in second half of FY21: Fitch

    Automakers reported zero sales volumes in April and more than 75 per cent Y-o-Y decline in May because of weaker demand as well as production disruption owing to plant closures, supply chain disruption and the lack of labour availability, the rating agency said.

  • Fitch revises outlook on Airtel to negative from stable; affirms at 'BBB-' Jun 22, 2020 07:11 PM IST

    Fitch revises outlook on Airtel to negative from stable; affirms at 'BBB-'

    Fitch said it has also affirmed Bharti's senior unsecured rating and Bharti Airtel International (Netherlands) B.V.'s senior unsecured guaranteed bonds at 'BBB-', and Network i2i subordinated perpetual bond's rating at 'BB'.

  • India very likely to announce another set of fiscal stimulus measures: Fitch Jun 22, 2020 04:36 PM IST

    India very likely to announce another set of fiscal stimulus measures: Fitch

    Fitch Director Sovereign Ratings Thomas Rookmaaker said COVID-19 is still in India and it is “very likely” that the government will have to spend a bit more on fiscal measures to support the economy.

  • Delisting may create governance issues in companies, Fitch Ratings warns Jun 11, 2020 04:52 PM IST

    Delisting may create governance issues in companies, Fitch Ratings warns

    Corporates can also simplify or reorganise complex group structures without the interference of minority shareholders through such moves, the agency noted.

  • Fitch places Cairn India Holdings on Rating Watch Negative on delisting plan Jun 11, 2020 12:42 PM IST

    Fitch places Cairn India Holdings on Rating Watch Negative on delisting plan

    "The action follows the announcement by (Agarwal's) Vedanta Resources Ltd (VRL) of its intention to delist the shares of its Indian subsidiary and CIHL's parent, Vedanta Ltd (VLTD). CIHL's rating is aligned with the credit profile of VLTD, which owns 100 per cent of CIHL, reflecting their strong linkages," Fitch said in a statement.

  • Indian economy to grow at 9.5% in next fiscal: Fitch Ratings Jun 10, 2020 03:10 PM IST

    Indian economy to grow at 9.5% in next fiscal: Fitch Ratings

    Fitch ratings said that after the global crisis, India's GDP growth is likely to return to higher levels than 'BBB' category peers, provided it avoids further deterioration in financial sector health as a result of the pandemic.

  • Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings May 28, 2020 05:45 PM IST

    Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings

    The impact of forced lending on banks' impaired-loan ratios can be anywhere between 200 and 600 basis points (bps), depending on the severity of stress and banks' individual risk exposures and the higher regulatory provisions, Fitch Ratings said in the report on Thursday.

  • Fitch projects Indian economy to contract 5% this fiscal May 26, 2020 10:30 PM IST

    Fitch projects Indian economy to contract 5% this fiscal

    "India has had a very stringent lockdown policy that has lasted a lot longer than initially expected and incoming economic activity data have been spectacularly weak," Fitch said.

  • Indian telcos' mobile growth weakens on coronavirus; remains robust: Fitch Ratings May 21, 2020 06:25 PM IST

    Indian telcos' mobile growth weakens on coronavirus; remains robust: Fitch Ratings

    "Notwithstanding the effect of the pandemic, we expect FY21 industry mobile service EBITDA to increase by about 15 percent YoY, which will outperform our Indian GDP growth forecast of 0.8 percent, as the industry will realise the full-year benefit of industry-wide tariff hikes of around 30 percent, effective from December 2019," the rating agency said in a note.

  • Fitch affirms Delhi, Hyderabad airports' ratings at 'BB+' with negative outlook May 12, 2020 03:15 PM IST

    Fitch affirms Delhi, Hyderabad airports' ratings at 'BB+' with negative outlook

    The Negative Outlook reflects the ongoing uncertainty relating to the timing and duration of the traffic shock and recovery caused by the coronavirus pandemic, the rating agency said on Tuesday.

  • Fitch Ratings says higher risks to Indian oil marketing firms' standalone profiles May 11, 2020 07:05 PM IST

    Fitch Ratings says higher risks to Indian oil marketing firms' standalone profiles

    Fitch in a statement said the FY20 financial profiles of the three companies were likely to have been affected by large inventory losses due to the steep fall in crude oil prices in the last fortnight of March 2020 and by weakened demand during the period.

  • COVID-19: Fitch downgrades viability ratings of SBI, BoB, ICICI, Axis Bank Apr 30, 2020 10:05 PM IST

    COVID-19: Fitch downgrades viability ratings of SBI, BoB, ICICI, Axis Bank

    "The rating actions are driven by rapid deterioration in the operating environment for banks in the country following the coronavirus pandemic and measures to contain its spread," the agency said.

  • Fitch downgrades Italy's debt rating to BBB- Apr 29, 2020 04:40 PM IST

    Fitch downgrades Italy's debt rating to BBB-

    Italy has been one of the hardest hit by the outbreak of the new coronavirus — and is also one of the developed countries that can least afford its costs.

  • India's rating could come under pressure if fiscal outlook deteriorates: Fitch Ratings Apr 28, 2020 01:23 PM IST

    India's rating could come under pressure if fiscal outlook deteriorates: Fitch Ratings

    It said the government may tighten fiscal policy again once the pandemic is under control, but India's record of meeting fiscal targets and implementing fiscal rules has been mixed in recent years

  • Fitch Ratings revises GDP forecasts for the second time in a month Apr 24, 2020 11:11 AM IST

    Fitch Ratings revises GDP forecasts for the second time in a month

    It’s very likely they will have to revise them again very soon

  • Fitch Ratings sees global economy shrinking by 3.9% in 2020 Apr 23, 2020 03:35 PM IST

    Fitch Ratings sees global economy shrinking by 3.9% in 2020

    Several major economies have extended lockdowns of eight-nine weeks. This contrasts to the previous assumption of around five weeks. An extra month of lockdown will reduce the annual flow of income by around 200 basis points, Fitch said.

  • Fitch Ratings sees India growth slipping to 0.8% in FY21 Apr 23, 2020 12:11 PM IST

    Fitch Ratings sees India growth slipping to 0.8% in FY21

    In its Global Economic Outlook, Fitch Ratings said India's gross domestic product (GDP) growth will slip to 0.8 per cent for the year April 2020 to March 2021 (FY21)

  • India has less fiscal room to support economy; rise in debt-GDP ratio to weaken credit profile: Fitch Apr 15, 2020 07:50 PM IST

    India has less fiscal room to support economy; rise in debt-GDP ratio to weaken credit profile: Fitch

    Rookmaaker said economic activity in India has been hit hard by the COVID-19 pandemic, as in many other countries, especially those that have imposed lockdowns.

  • Multi-notch sovereign ratings downgrade likely in 2020: Fitch Apr 07, 2020 11:50 AM IST

    Multi-notch sovereign ratings downgrade likely in 2020: Fitch

    Developed market sovereigns and those in Latin America have experienced the most multi-notch downgrades.

Sections