Fitch Ratings

India's FY22 electricity demand expected to rise by 6%, says Fitch Ratings

India's FY22 electricity demand expected to rise by 6%, says Fitch Ratings

India's electricity demand is expected to rise by around 6% per cent in FY22, said Fitch Ratings on Friday.The country's electricity dema...Read More

Fitch cuts India growth forecast to 10%; says rapid vaccination key to biz revival

Fitch cuts India growth forecast to 10%; says rapid vaccination key to biz revival

Fitch Ratings on Wednesday cut India's growth forecast to 10 percent for the current fiscal, from 12.8 percent estimated earlier, due to ...Read More

Indian pharma industry sales to log robust growth in FY'22: Fitch Ratings

Indian pharma industry sales to log robust growth in FY'22: Fitch Ratings

The sales for Indian pharmaceutical companies are expected to log a robust growth in FY22, said Fitch Ratings.The credit rating agency sa...Read More

India's auto demand to recover despite COVID-19 second wave: Fitch

India's auto demand to recover despite COVID-19 second wave: Fitch

A less severe economic impact from the pandemic's second wave and resilient buyer sentiment will support a swift rebound in India's autom...Read More

Fitch Ratings revises up global steel price short-term forecast as rates rally

Fitch Ratings revises up global steel price short-term forecast as rates rally

Fitch Solutions has revised up its global steel price short-term forecast to an average of $800 per tonne compared with $660 per tonne pr...Read More

Fitch revises outlook on JSW Steel to positive, affirms at BB-minus

Fitch revises outlook on JSW Steel to positive, affirms at BB-minus

Fitch Ratings has revised the outlook on JSW Steel (JSWS) issuer default rating to positive from negative while affirming the IDR at BB-m...Read More

Indian cement makers hike prices to support margins: Fitch Ratings

Indian cement makers hike prices to support margins: Fitch Ratings

The recent price increases by India's cement companies will counter the higher energy costs, Fitch Ratings said on Tuesday.Besides, the i...Read More

India's investment-grade rating remains under strain: Fitch

India's investment-grade rating remains under strain: Fitch

Downside pressures on India's creditworthiness remain prominent and the ongoing health crisis will depress economic activity in the near ...Read More

Top-tier Indian IT firms to record double-digit revenue growth in 2022: Fitch Ratings

Top-tier Indian IT firms to record double-digit revenue growth in 2022: Fitch Ratings

A robust digital-transformation order pipeline will support Indian IT services companies' stronger revenue growth in the financial year e...Read More

RBI stimulus to postpone financial stress from COVID surge: Fitch Ratings

RBI stimulus to postpone financial stress from COVID surge: Fitch Ratings

There are growing indications that India's latest wave of COVID-19 infections will add to risks among financial institutions (FIs) by sap...Read More

COVID resurgence brings renewed challenges for India; GDP growth seen at 9.5 pc: Fitch

COVID resurgence brings renewed challenges for India; GDP growth seen at 9.5 pc: Fitch

The spiralling crisis from resurgence of COVID-19 cases in India has dented support for the ruling BJP but voter support for Prime Minist...Read More

Fitch removes positive outlook on Future Retail

Fitch removes positive outlook on Future Retail

Fitch Ratings has affirmed Future Retail Ltd's (FRL's) issuer default rating at 'C' and the rating on its USD500 million 5.6 per cent sen...Read More

India's banks' recovery faces asset-quality risks: Fitch Ratings

India's banks' recovery faces asset-quality risks: Fitch Ratings

The impact of the Covid-19 pandemic is likely to pose challenges to the Indian banks' improving financial performance once asset-quality ...Read More

RIL's plan to form Reliance O2C Ltd will ease formation of strategic partnerships in O2C business, says Fitch Ratings

RIL's plan to form Reliance O2C Ltd will ease formation of strategic partnerships in O2C business, says Fitch Ratings

The decision of Reliance Industries Ltd (RIL) to transfer its refining, marketing, and petrochemical (oil-to-chemicals) businesses to a w...Read More

India's economy poised for recovery supported by vaccine rollout: Fitch

India's economy poised for recovery supported by vaccine rollout: Fitch

Fitch Ratings expects India's economy to contract by a record 9.4 per cent in the current fiscal year ending March 2021 (FY21) amid the s...Read More

Price hike to dampen demand recovery for Indian automakers: Fitch Ratings

Price hike to dampen demand recovery for Indian automakers: Fitch Ratings

Festive demand helped sustain the growth after September but the pace slowed to 5 per cent in November from 14 per cent in October.

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 Ratings says weak oil refining margins to put pressure on fuel retailers

Fitch Ratings says weak oil refining margins to put pressure on fuel retailers

Fitch Ratings on Monday said state-owned oil refiners IOC, BPCL and HPCL may see longer than previously expected time to recover refining...Read More

10 Indian companies maybe at the risk of becoming fallen angels in APAC region

10 Indian companies maybe at the risk of becoming fallen angels in APAC region

Nearly half of 'BBB-' rated issuers in the APAC region having low rating headroom, are at the risk of becoming fallen angels, stated Fitc...Read More

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