Fitch

Ukraine crisis: Fitch, Moody's downgrade Russia credit rating to 'junk' amid sanctions

Sovereign credit rating gives investors insights into the level of risk associated with investing in the debt of a particular country. The ratings agencies have warned that Western sanctions have weakened the Russian economy

Fitch retains India's sovereign rating, says risks to medium-term growth 'narrowing'

Mobility indicators have returned to pre-pandemic levels and high-frequency indicators point to strength in the manufacturing sector, it said

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

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

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

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

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

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

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

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.