Fitch Rating

Fitch Rating News

Fitch affirms RIL ratings with stable outlook; expects GRMs to remain strong, supported by benefits of capex
Business

Fitch affirms RIL ratings with stable outlook; expects GRMs to remain strong, supported by benefits of capex

Global rating agency Fitch on Wednesday affirmed RIL's long-term foreign-currency rating at BBB-, with a stable outlook

News18 Rising India Summit: Narendra Modi to open event; visionaries to celebrate country's journey from take-off to triumph
Business

News18 Rising India Summit: Narendra Modi to open event; visionaries to celebrate country's journey from take-off to triumph

Network18 President says experts in diverse fields will contribute ideas, and no doubt make commitments to furthering the grand project on which India has embarked

Budget 2018: DEA secretary says govt will try to convince Fitch, S&P, other rating agencies on fiscal path
Business

Budget 2018: DEA secretary says govt will try to convince Fitch, S&P, other rating agencies on fiscal path

Moody's on Thursday said fiscal deficit projection of 3.3 percent for FY19 is in line with its forecast and the target will be achieved.

India Ratings projects GDP growth at 7.1% next fiscal; says GST, insolvency law major drivers for economy
Business

India Ratings projects GDP growth at 7.1% next fiscal; says GST, insolvency law major drivers for economy

India Ratings GDP projection is a tad lower than 7.4 percent estimated by Asian Development Bank and International Monetary Fund for next fiscal

GDP: Why lack of new jobs can rattle Narendra Modi govt in a bigger way than lower growth figures
Politics

GDP: Why lack of new jobs can rattle Narendra Modi govt in a bigger way than lower growth figures

A slowing GDP can have adverse political impact on the Narendra Modi government since opposition will likely rake up the issue of slowing growth

ADB lowers India's GDP forecast to 6.7%; cites tepid growth, effects of demonetisation and GST for slowdown
Business

ADB lowers India's GDP forecast to 6.7%; cites tepid growth, effects of demonetisation and GST for slowdown

India's GDP, largest economy in South Asia, rebounded to 6.3 percent growth in second quarter ended in September for this fiscal

For change in sovereign ratings, policies matter most than personalities: Fitch
Business

For change in sovereign ratings, policies matter most than personalities: Fitch

The leading credit rating agency said it recognises Rajan's contribution in setting significant policy changes in motion and said the new Governor will inherit a solid basis

Govt spending key for revival of Indian steel sector: Fitch
Business

Govt spending key for revival of Indian steel sector: Fitch

A relatively stronger rupee in 2015 to date, significant import increases and weak steel demand affected steel prices and consequently, profitability of steelmakers.

Round-up: Here's how business community perceives the BJP's Bihar drubbing
Business

Round-up: Here's how business community perceives the BJP's Bihar drubbing

Some foreign brokerages has opined that the loss in Bihar state elections could be a “stumbling block” to the central government’s reform agenda

India's ratings reflect Fed tapering fears: Fitch
Economy

India's ratings reflect Fed tapering fears: Fitch

India's narrowing current account deficit will not be enough to shield the country from pressures tied to Fed tapering, said Fitch Ratings.<br /><br />

Asset quality indicators for Indian banks continue to deteriorate: Fitch
Economy

Asset quality indicators for Indian banks continue to deteriorate: Fitch

Asset quality indicators for the domestic banks continue to deteriorate, and stressed assets are likely to peak around 15 percent due to further weakening of the economic environment, a Fitch Ratings report said.

Rupee weakness may limit scope for RBI rate cut: Fitch
Economy

Rupee weakness may limit scope for RBI rate cut: Fitch

"The recent weakness of the exchange rate may, however, complicate policy management and limit the scope for further cuts in RBI policy rates," the agency said in a statement.

Fitch warns of downgrade risks on US, Spain ratings
Economy

Fitch warns of downgrade risks on US, Spain ratings

The United States faces a "material risk" of losing its triple-A status if there is a repeat of the wrangling seen in 2011 over raising the country's self-imposed debt ceiling, credit ratings firm Fitch said on Tuesday.

Fitch warns of India rating downgrade in 12-24 months
Economy

Fitch warns of India rating downgrade in 12-24 months

Fitch ratings said that India is likely to miss its fiscal deficit target of 5.3 percent of gross domestic production, while other macroeconomic trends too have been disappointing.

Sony at greater risk than Panasonic in electronics downturn, says Fitch
News & Analysis

Sony at greater risk than Panasonic in electronics downturn, says Fitch

Panasonic Corp has a better chance than rival Sony Corp of surviving Japan&#039;s consumer electronics slump because of..

Chances of lowering India rating high: Fitch
Economy

Chances of lowering India rating high: Fitch

In recent days, financial services firm Citi, CLSA and Crisil have slashed their growth forecast for Indian economy.