Fitch

Fitch expects marketing, refining volume of oil firms to fall 15% in FY21

Fitch expects marketing, refining volume of oil firms to fall 15% in FY21

With coronavirus lockdowns pummelling fuel demand in India, Fitch Ratings expects the marketing and refining volume of state-owned oil fi...Read More

Navi Mumbai: Rating agency Fitch affirms NMMC at ‘AA+/Stable’

Navi Mumbai: Rating agency Fitch affirms NMMC at ‘AA+/Stable’

FITCH has given an ‘AA+/Stable’ rating to Navi Mumbai Municipal Corporation (NMMC) for its financial performance during 2019-20, which ca...Read More

India's FY21 cement consumption expected to drop by over 15%

India's FY21 cement consumption expected to drop by over 15%

India's cement consumption is expected to drop by more than 15 per cent in FY21 due to weak property demand and a sluggish construction c...Read More

Uncertain outlook for India as public debt rise underscores policy challenges in A-Pac: Fitch

Uncertain outlook for India as public debt rise underscores policy challenges in A-Pac: Fitch

Economic growth will turn positive for Asia in the second half of this calendar year but the process of fiscal consolidation is set to be...Read More

Dues payment over 10 yrs not enough to aid VIL; expect market gains for Airtel, Jio: Fitch

Dues payment over 10 yrs not enough to aid VIL; expect market gains for Airtel, Jio: Fitch

It further said another tariff hike of at least 20% is probable in the next 12 months.

Global GDP revised to -4.4% from -4.6%; India’s GDP slashed from -5% to -10.5%: Fitch

Global GDP revised to -4.4% from -4.6%; India’s GDP slashed from -5% to -10.5%: Fitch

In June, Fitch Ratings had predicted a global GDP fall of 4.6 per cent. However, in its latest Global Economic Outlook (GEO) report the r...Read More

Private banks likely to gain market share as state-owned banks delay raising of fresh capital

Private banks likely to gain market share as state-owned banks delay raising of fresh capital

Fitch Ratings on Thursday said private sector banks, with stronger loss-absorption buffers, are likely to gain market share from their st...Read More

Not a smooth ride ahead for the auto sector: Report

Not a smooth ride ahead for the auto sector: Report

Even though the sharp slide in automobile sales witnessed during April-June 2020 slowed in July, demand conditions remain uncertain in In...Read More

Fitch flags asset quality risks at banks after RBI’s loan recast

Fitch flags asset quality risks at banks after RBI’s loan recast

In a major relief to corporate and retail borrowers, last week RBI permitted banks to go for one-time restructuring of loans that are fac...Read More

Near-term recovery of NBFIs is a distant dream

Near-term recovery of NBFIs is a distant dream

Non-bank financial institutions (NBFI) was already struggling with liquidity issues adding to it for the COVID-19 strike. It does not see...Read More

COVID-19 impact: Automakers’ profitability to be weak in FY 2021 but expect partial recovery in volume

COVID-19 impact: Automakers’ profitability to be weak in FY 2021 but expect partial recovery in volume

The pressure on India's auto industry will continue in FY 2021 due to COVID-19. According to Fitch Ratings, the profitability will contin...Read More

Fitch Ratings revises India's outlook to negative from stable

Fitch Ratings revises India's outlook to negative from stable

"The coronavirus pandemic has significantly weakened India's growth outlook for this year and exposed the challenges associated with a h...Read More

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

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

The impact of forced lending on banks' impaired-loan ratios can be anywhere between 200 and 600 basis points (bps), depending on the seve...Read More

India's stringent lockdown has lasted longer than expected: Fitch

India's stringent lockdown has lasted longer than expected: Fitch

However, for 2021-22 the economic growth forecast has been pegged at 9.5 per cent.

India's 'mammoth' COVID-19 package much smaller than it seems, says Fitch Solutions

India's 'mammoth' COVID-19 package much smaller than it seems, says Fitch Solutions

"The frugal fiscal crisis intervention will likely impede a rapid economic recovery and accordingly, tax revenues, and we are revising ou...Read More

RBI's mutual fund support plan may struggle to be effective: Fitch

RBI's mutual fund support plan may struggle to be effective: Fitch

The announcement follows the implementation of support facilities in multiple jurisdictions in 2020 to date, highlighting global regulato...Read More

COVID-19 damages India's growth and fiscal outlook, may impact sovereign rating: Fitch

COVID-19 damages India's growth and fiscal outlook, may impact sovereign rating: Fitch

"This is down sharply from our forecast of 5.6 per cent prior to the outbreak. We expect growth to rebound to 6.7 per cent in FY22 but th...Read More

Tech company’ sales growth to slow down to 0-2% from 6-8%: Fitch

Tech company’ sales growth to slow down to 0-2% from 6-8%: Fitch

This compares to an average compounded growth of 6-8% seen in large-cap technology companies in the last five years, and a growth of 10-1...Read More

30-year low of 2% for FY21: Fitch

30-year low of 2% for FY21: Fitch

"The initial disruptions to regional manufacturing supply chains from a lockdown in China as the coronavirus spread have now broadened to...Read More

India's fiscal deficit may shoot to 6.2% of GDP in FY21: Fitch

India's fiscal deficit may shoot to 6.2% of GDP in FY21: Fitch

Underpinning the revised forecast are weaker revenue collection as a result of a sharp virus-driven downturn in economic activity and hig...Read More

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