Fitch

Second Covid wave heightens risks for India's banks: Fitch

Second Covid wave heightens risks for India's banks: Fitch

Accordingly, Fitch expects a moderately worse environment for the India's banking sector in 2021, but headwinds would intensify should ri...Read More

NBFIs face renewed asset quality risks amid second COVID wave: Fitch Ratings

NBFIs face renewed asset quality risks amid second COVID wave: Fitch Ratings

Non-banking finance companies face renewed asset quality and liquidity risks amid a second wave of COVID-19, Fitch Ratings said on Thursd...Read More

Fitch revises India GDP growth to 12.8% for FY22

Fitch revises India GDP growth to 12.8% for FY22

Fitch Ratings has revised India's GDP growth estimate to 12.8 per cent for the fiscal year beginning April 1 from its previous estimate o...Read More

Budget 2021: High fiscal deficit may invite rating agencies' ire, Fitch may downgrade

Budget 2021: High fiscal deficit may invite rating agencies' ire, Fitch may downgrade

Global rating agencies may view the fiscally expansive budget proposals "negatively" and there is a risk of one of them downgrading India...Read More

India's medium-term growth to slow to around 6.5% after initial rebound: Fitch

India's medium-term growth to slow to around 6.5% after initial rebound: Fitch

The Indian economy will suffer lasting damage from the coronavirus crisis, with growth slowing down after an initial strong rebound next ...Read More

India's COVID-19 vaccination drive will be the largest in the world: Fitch

India's COVID-19 vaccination drive will be the largest in the world: Fitch

Singapore: India's role in the global Covid-19 vaccine rollout will be significant both as a recipient of the medicine as well as a produ...Read More

Aviation sector recovery to be gradual, says Fitch

Aviation sector recovery to be gradual, says Fitch

Mumbai: Fitch Ratings expects average revenue passenger kilometres for India's airlines to remain 40 per cent below 2019 levels in 2021 d...Read More

Fitch raises India's FY21 GDP forecast to (-) 9.4%

Fitch raises India's FY21 GDP forecast to (-) 9.4%

"We now expect GDP to contract 9.4 per cent in fiscal year to end March 2021, followed by (+) 11 per cent and (+) 6.3 per cent in the fol...Read More

Fitch affirms SBI's IDR at BBB-minus with negative outlook

Fitch affirms SBI's IDR at BBB-minus with negative outlook

Fitch Ratings has affirmed State Bank of India's (SBI's) long-term issuer default rating at BBB-minus with a negative outlook.The agency ...Read More

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

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