Fitch

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Fitch - Total results - 109
Finance Ministry credits govt, RBI for ‘green shoots of economic revival’ as agriculture, petroleum, electricity indicators pick up
Business

Finance Ministry credits govt, RBI for ‘green shoots of economic revival’ as agriculture, petroleum, electricity indicators pick up

The Finance Ministry cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage

Coronavirus Outbreak: India's rating could come under pressure if fiscal outlook deteriorates, says Fitch
Business

Coronavirus Outbreak: India's rating could come under pressure if fiscal outlook deteriorates, says Fitch

Fitch Ratings on Tuesday said India's sovereign rating could come under pressure if there is further deterioration in fiscal outlook as a result of lower growth or fiscal easing

Moody's, Fitch give thumbs-up to $5.7 bn Jio-Facebook deal, says to help RIL deleverage
Business

Moody's, Fitch give thumbs-up to $5.7 bn Jio-Facebook deal, says to help RIL deleverage

International credit rating agencies Fitch Ratings and Moody's Investors Service on Thursday said the $5.7 billion Facebook deal will help Reliance Industries deleverage its balance sheet and monetise digital platforms

Fitch downgrades Tata Motors, cites cash flow issues; move to have negative impact on company's debt profile
Business

Fitch downgrades Tata Motors, cites cash flow issues; move to have negative impact on company's debt profile

The negative outlook reflects risks to Tata Motors' financial profile from a prolonged pandemic that can result in further deterioration in its profitability.

Coronavirus Outbreak: Bank credit growth slumps to 5-decade low of 6.14% in FY20; weak economy leads to demand slowdown
Business

Coronavirus Outbreak: Bank credit growth slumps to 5-decade low of 6.14% in FY20; weak economy leads to demand slowdown

RBI had said credit growth is likely to remain modest, reflecting weak demand and risk aversion due to the disruptions caused by the coronavirus pandemic.

Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans
Business

Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans

The government may need to make a provision of at least Rs 20,000-25,000 crore ($5.90 billion) for capital infusion in state-run banks

Auto crisis: India's vehicle production likely to shrink by 8.3% in 2020; coronavirus spread may hit supply chain, says Fitch
Business

Auto crisis: India's vehicle production likely to shrink by 8.3% in 2020; coronavirus spread may hit supply chain, says Fitch

The agency said that it believes that the weak domestic demand for new vehicles will see India's vehicle production continue to contract in 2020.

Govt has limited room to ease fiscal policy on high debt; GDP may rebound to 7.1% next year: Fitch
Business

Govt has limited room to ease fiscal policy on high debt; GDP may rebound to 7.1% next year: Fitch

In its Asia-Pacific Sovereign Credit Overview, Fitch said India's GDP growth decreased for a fifth consecutive quarter in the April-June quarter to 5 percent, the lowest in six years.

Auto sector crisis: Stimulus package too little, too late to prevent decline in vehicle sales: Fitch
Business

Auto sector crisis: Stimulus package too little, too late to prevent decline in vehicle sales: Fitch

Fitch said the strongest stimulus measure by the government is its move to increase liquidity in the shadow banking sector, which is the largest contributor to the current contraction in vehicle sales.

Fitch cuts India growth forecast to 6.6% for 2019-20 fiscal on slowdown in manufacturing and agriculture sectors
Business

Fitch cuts India growth forecast to 6.6% for 2019-20 fiscal on slowdown in manufacturing and agriculture sectors

The global rating agency retained its GDP growth forecast for the next fiscal (2020-21) at 7.1 percent and 7.0 percent for 2021-22

IL&FS probe: Ex-CEO of subsidiary helped leading rating agency official buy duplex villa worth crores at discount
Business

IL&FS probe: Ex-CEO of subsidiary helped leading rating agency official buy duplex villa worth crores at discount

The probe by the government's white-collar crime probe agency SFIO has already unearthed connivance of auditors and independent directors with the then top management of IFIN

Fitch flags concerns of high joblessness, rural distress and GDP growth deceleration on weak manufacturing
Business

Fitch flags concerns of high joblessness, rural distress and GDP growth deceleration on weak manufacturing

Global ratings agency Fitch on Thursday said there has been a rise in unemployment in the country, and attributed GDP growth deceleration to domestic factors like weak manufacturing and dip in farmers' income

Fitch affirms India's sovereign rating at 'BBB-' with stable outlook for 13th year in row
Business

Fitch affirms India's sovereign rating at 'BBB-' with stable outlook for 13th year in row

Fitch on Thursday retained India's sovereign rating at 'BBB-', the lowest investment grade, with a stable outlook, saying a weak fiscal position continues to constrain its rating

Fitch cuts India GDP growth forecast for FY20 to 6.8% on weaker-than-expected momentum in economy
Business

Fitch cuts India GDP growth forecast for FY20 to 6.8% on weaker-than-expected momentum in economy

Fitch Ratings cut India's FY19 GDP growth forecast to 7.2 percent from 7.8 percent on 6 December.

After S&P, Fitch gives BB rating with stable outlook to Kerala; move will boost flood-ravaged state's redevelopment efforts
Business

After S&P, Fitch gives BB rating with stable outlook to Kerala; move will boost flood-ravaged state's redevelopment efforts

The ratings will help the Kerala state mop up overseas debt instruments at competitive prices

Fitch downgrades Tata-owned marquee auto firm Jaguar Land Rover's outlook to negative; affirms BB+ ratings
Business

Fitch downgrades Tata-owned marquee auto firm Jaguar Land Rover's outlook to negative; affirms BB+ ratings

Fitch Ratings has revised the outlook on the Tata-owned marquee auto firm Jaguar Land Rover, which is facing Brexit and currency headwinds, to negative from stable, but affirmed ratings on its debt at BB+.

Parliamentary panel is right in calling out RBI’s wrong; it was idiotic to kill LoUs for one Nirav Modi
Business

Parliamentary panel is right in calling out RBI’s wrong; it was idiotic to kill LoUs for one Nirav Modi

A blanket ban was wrong in the first place; it almost appeared like the RBI was in a hurry to cover up its failure to regulate the LoU effectively

PSBs losses in FY18 wiped out govt's $13-billion capital infusion, situation unlikely to improve in current fiscal: Fitch
Business

PSBs losses in FY18 wiped out govt's $13-billion capital infusion, situation unlikely to improve in current fiscal: Fitch

Losses by state-run banks have almost entirely wiped out $13-billion capital infusion by govt, and situation is unlikely to improve in current fiscal year

Fitch retains India rating at 'BBB-' with stable outlook; says country's medium-term growth potential is strong
Business

Fitch retains India rating at 'BBB-' with stable outlook; says country's medium-term growth potential is strong

The Fitch review for annual sovereign rating follows India's rating upgrade by Moody's after a gap of 14 years. S&P had retained the earlier rating.

Videocon loan row: ICICI Bank’s reluctance to welcome independent probe on Dhoot-Kochhar connection can prove to be a historic blunder
Business

Videocon loan row: ICICI Bank’s reluctance to welcome independent probe on Dhoot-Kochhar connection can prove to be a historic blunder

It's highly surprising as to why a bank, of the stature of ICICI, is still not welcoming an independent probe into the Videocon loan controversy.