Latest News on Fitch Ratings
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Fitch Ratings - Total results - 95
Feb 20, 2019
YV Reddy’s warning on farm doles: Biggest enemy of Indian farmer is the power-hungry politician flashing freebiesReddy even pitched for an alternative for farm sector freebies in the form of an agricultural distress fund contributed by both the states and Centre, rather than the ongoing measure of arbitrary scheme announcements.
Jan 31, 2019
Budget 2019: Fitch Ratings warns of fiscal slippage if govt goes for populist spending to win over lost vote baseAhead of BJP-led NDA government presenting the final budget of its tenure, Fitch Ratings on Thursday warned of a second consecutive year of fiscal slippage in the event of Finance Minister Piyush Goyal resorting to populist spending to win over lost vote base.
Jan 15, 2019
IOC to raise $900 m through overseas bonds issue to meet working capital needs; PSU to buy back 29.76 crore sharesThe state-run IOC is buying back shares and is paying an interim dividend for the fiscal 2018-19, aggregating to Rs 11,000 crore.
Jan 04, 2019
Indian Oil Corporation to raise up to $1.5 billion from overseas bond saleIndian Oil is exposed to event risks as the government is looking to consolidate its assets in the oil & gas sector
Dec 12, 2018
Urjit Patel's resignation highlights risks to RBI's policy priorities: Fitch RatingsUrjit Patel resigned abruptly from the post of the Governor on 10 December, nine months before his term was scheduled to come to an end in September 2019.
Dec 06, 2018
Fitch lowers India growth forecast to 7.2% for current fiscal; rupee to weaken to 75 vs dollar by end of 2019It said GDP growth “softened quite substantially” in July-September quarter of current fiscal growing by 7.1 percent, as against 8.2 percent in April-June.
Nov 28, 2018
Restructuring of MSME loans a 'step backwards', risks to manifest in 6-9 months: Fitch RatingsThe board of the Reserve Bank last week advised the RBI that it should consider a scheme for the restructuring of stressed assets of MSME borrowers with aggregate credit facilities of up to Rs 25 crore, subject to conditions necessary for ensuring financial stability.
Nov 15, 2018
Fitch keeps India's sovereign rating unchanged at 'BBB-' for 12th year in a row, says risks to macroeconomic outlook significant"Risks to the macroeconomic outlook are significant, and include a drop in credit growth, resulting from further problems in the banking or shadow-banking sector," Fitch Ratings said
Oct 05, 2018
Petrol, diesel rate cut: Fitch Ratings says govt move on fuel prices to impact profitability of oil marketing companiesWhile cutting excise duty by Rs 1.50 per litre, the government had on Thursday asked Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) to absorb Re 1 per litre increase in fuel rates.
Sep 28, 2018
BoB-Vijaya-Dena Bank merger plan shows govt willingness to pursue sector reform: FitchThe merger is likely to have a negative short-term financial impact on Bank of Baroda, due to the weak financial profile of Dena Bank