Latest News on Fitch Ratings
Showing of 0 - 10 from 91 results
Fitch Ratings - Total results - 91
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
Sep 21, 2018
Fitch ups India's growth forecast for current fiscal to 7.8%; flags rising oil bill and higher interest rates as key concernsFitch cut China's growth projection for 2019 by 0.2 percentage points to 6.1 percent. Global growth is estimated at 3.3 percent for 2018 and 3.1 percent for 2019
Sep 20, 2018
Fitch Ratings revises Tata Motors outlook on expectations of rising negative free cash flow in FY19 and FY20Fitch Ratings on Thursday revised the outlook on Tata Motors to 'negative' from 'stable' on expectations of rising negative free cash flow in the current and the next financial year, following upward capex revision at subsidiary Jaguar Land Rover.
Sep 04, 2018
Currency volatility to have only a 'limited impact' on India's credit profile, says FitchIndian currency, the rupee, has been depreciating, had last week breached 71 to a dollar mark.
Aug 22, 2018
No major threats to sovereign credit from rupee plunge: Fitch Ratings reportLast week the rupee had closed for the first time at 70.15 against the American dollar and many still believe the rupee is still overvalued by at least Rs 2-3 more