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  • Fitch says BPCL privatisation is 'event risk' due to little information Sep 09, 2020 03:27 PM IST

    Fitch says BPCL privatisation is 'event risk' due to little information

    The rating agency affirmed Bharat Petroleum Corporation Ltd''s (BPCL) long-term foreign-currency issuer default rating (IDR) at ''BBB-''. The outlook is ''Negative''.

  • India GDP outlook: India Ratings forecasts contraction of 11.8% in FY21 GDP Sep 08, 2020 02:14 PM IST

    India GDP outlook: India Ratings forecasts contraction of 11.8% in FY21 GDP

    Fitch Ratings too on September 8 projected a massive 10.5 percent contraction of India's GDP in the current financial year.

  • Capital-strong private banks set to gain market share, Fitch says Sep 03, 2020 02:53 PM IST

    Capital-strong private banks set to gain market share, Fitch says

    The government-led merger of state-owned banks helped them to consolidate their market position in the last few years, but their market shares will continue to erode if they do not raise adequate capital to absorb future stress and support growth, the rating agency said

  • Fitch sees India's auto demand plunging over 20% in FY21 Aug 18, 2020 06:45 PM IST

    Fitch sees India's auto demand plunging over 20% in FY21

    Attributing the marginal improvement in July volumes to pent-up demand following easing of lockdown restrictions, Fitch said the problems facing the auto industry remains unabated.

  • NBFIs to face liquidity, asset quality risks in near term: Fitch Ratings Jul 02, 2020 02:10 PM IST

    NBFIs to face liquidity, asset quality risks in near term: Fitch Ratings

    Fitch said cash flow implications of the moratorium, which the RBI has extended to end-August, have not been uniform across the industry, affecting liquidity profiles of some NBFIs more materially and placing pressure on their ability to repay or refinance upcoming obligations.

  • Fitch revises outlook of IOC, NTPC among other state-owned firm to negative Jun 24, 2020 08:50 AM IST

    Fitch revises outlook of IOC, NTPC among other state-owned firm to negative

    The PSUs whose rating outlook has been revised include IOC, Bharat Petroleum Corp Ltd (BPCL), Oil India Ltd (OIL), GAIL India Ltd, Power Grid Corp of India Ltd and NTPC Ltd.

  • Moody’s downgrade to negatively impact D-Street sentiment, may cap upside near 10,100: Experts Jun 01, 2020 10:02 PM IST

    Moody’s downgrade to negatively impact D-Street sentiment, may cap upside near 10,100: Experts

    Experts are of the view that Moody’s downgrade is unlikely to take the Nifty to a new low because the market seems to be climbing a wall of worries on the back of strong liquidity

  • Govt stimulus package does not address immediate concerns of healthcare system: Fitch May 21, 2020 01:50 PM IST

    Govt stimulus package does not address immediate concerns of healthcare system: Fitch

    On March 11, the Ministry of Finance increased allocation - 0.008 per cent of the country's GDP - to the health services division to support an expansion of healthcare spending, Fitch Solutions Country Risk and Industry Research (a unit of Fitch Group) said.

  • Lack of medical investment, healthcare infrastructure big challenges for India's COVID-19 fight: Fitch May 14, 2020 10:51 AM IST

    Lack of medical investment, healthcare infrastructure big challenges for India's COVID-19 fight: Fitch

    Despite additional funding, the continued lack of medical investment and healthcare infrastructure will present challenges to mounting an effective response in India against COVID-19 pandemic, Fitch Solutions has said.

  • RBI's liquidity support for MFs may struggle to be effective: Fitch Apr 29, 2020 12:41 PM IST

    RBI's liquidity support for MFs may struggle to be effective: Fitch

    The RBI's Rs 50,000 crore Special Liquidity Facility for Mutual Funds (SLF-MF) will provide 90-day repo funding to banks, to extend liquidity to - or purchase commercial paper and debt securities from - local mutual funds.

  • Facebook deal to help Reliance monetise platforms, deleverage: Fitch Apr 23, 2020 12:06 PM IST

    Facebook deal to help Reliance monetise platforms, deleverage: Fitch

    Reliance Retail, RIL's retail arm, has also partnered with Facebook's WhatsApp to allow RIL's e-commerce business users to use the WhatsApp platform.

  • Fitch downgrades Tata Motors, cites cash flow issues Apr 16, 2020 07:35 PM IST

    Fitch downgrades Tata Motors, cites cash flow issues

    This move will have negative consequence for the company's debt profile which will spike its borrowing cost.

  • Coronavirus impact to bring more worries for Indian banks: Fitch Mar 26, 2020 05:20 PM IST

    Coronavirus impact to bring more worries for Indian banks: Fitch

    The score has been revised to “BB” from “BB+” earlier, the agency said, pointing out that COVID-19 outbreak ups the worries for the sector, which is already reeling under weak business and consumer confidence.

  • JSW Steel says Fitch revises outlook on company to negative from stable Feb 27, 2020 07:45 AM IST

    JSW Steel says Fitch revises outlook on company to negative from stable

    The revision of the outlook reflects the risks in the company's ability to deleverage and generate positive free cash flow because of the various challenges in the Indian market, JSW Steel said.

  • Fitch sees no end in sight for auto slump Feb 19, 2020 08:38 PM IST

    Fitch sees no end in sight for auto slump

    Automakers could also face production disruptions if the novel coronavirus outbreak in China leads to a prolonged halt in supply of required auto components, as the industry sources as much as 27 per cent of its demand from China worth around USD 5 billion, according to many analysts.

  • Royalties included in mining law to limit growth potential of iron ore industry: Fitch Feb 13, 2020 12:33 PM IST

    Royalties included in mining law to limit growth potential of iron ore industry: Fitch

    The government last month promulgated an ordinance for amendment in the MMDR Act 1957 and the CMSP (Coal Mines (Special Provisions) Act, 2015, a move aimed at enhancing the ease of doing business, among others.

  • Fitch assigns 'BB' rating to Glenmark's proposed US dollar-denominated senior unsecured notes Jan 14, 2020 11:20 AM IST

    Fitch assigns 'BB' rating to Glenmark's proposed US dollar-denominated senior unsecured notes

    "Fitch Ratings has assigned a rating of 'BB' to Glenmark Pharmaceuticals Ltd's (BB/Stable) proposed US dollar-denominated senior unsecured notes," it said in a statement.

  • Fitch assigns ReNew Power's proposed US dollar senior secured notes 'BB-' rating Jan 13, 2020 10:42 AM IST

    Fitch assigns ReNew Power's proposed US dollar senior secured notes 'BB-' rating

    According to Fitch Ratings, 'BB' ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time.

  • Fitch says removing Bharti Airtel from ratings watch to depend on Supreme Court ruling Jan 09, 2020 04:08 PM IST

    Fitch says removing Bharti Airtel from ratings watch to depend on Supreme Court ruling

    "The notes are rated at the same level as Bharti's foreign-currency senior unsecured rating of 'BBB-' and are also placed on RWN," it said in a statement.

  • Fitch says HPCL refining margins to fall in current fiscal Jan 06, 2020 03:42 PM IST

    Fitch says HPCL refining margins to fall in current fiscal

    Fitch affirmed HPCL's rating 'BBB-' with stable outlook, in line with the credit profile of its largest shareholder Oil and Natural Gas Corp Ltd (ONGC).

  • Proposed carbon tax waiver on coal may pose risks to India's renewables growth: Fitch Jan 06, 2020 11:30 AM IST

    Proposed carbon tax waiver on coal may pose risks to India's renewables growth: Fitch

    In a bid to alleviate significant debt levels in the power industry, India has proposed to waive carbon taxes on coal (Rs 400 rupees/tonne), it said.

  • India's buildings sector to expand by 6.6% next year driven by fiscal support, govt policies: Fitch Dec 30, 2019 12:19 PM IST

    India's buildings sector to expand by 6.6% next year driven by fiscal support, govt policies: Fitch

    "Short-term expansion of India's building sector will be driven by a mixture of fiscal support and government policies supporting the housing market, as well as heightened activity within the logistics, retail and industrial buildings sectors," it said in a statement.

  • Fitch revises outlook on Cairn India to negative Dec 10, 2019 03:25 PM IST

    Fitch revises outlook on Cairn India to negative

    In a statement, Fitch Ratings said it has revised its outlook on CIHL to negative from stable and affirmed the Long-Term Issuer Default Rating (IDR) of 'BB-'.

  • NBFCs to look for growth opportunities in offshore markets: Fitch Dec 10, 2019 11:20 AM IST

    NBFCs to look for growth opportunities in offshore markets: Fitch

    "India's weaker macroeconomic backdrop is likely to add to the existing funding, growth and asset-quality strains weighing on the Indian NBFCs (non-banking financial companies) industry as a whole, underpinning our negative outlook for 2020," the ratings agency said in a statement.

  • Proposed cap on trade margins will not hurt pharma cos: Fitch Dec 04, 2019 12:30 PM IST

    Proposed cap on trade margins will not hurt pharma cos: Fitch

    "India's proposal to cap trade margins...will not significantly hurt the profitability of pharmaceutical companies, as the proposal does not restrict the margins at which pharma companies sell to distributors," Fitch said in a statement.

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