Fitch Ratings

Fitch Ratings cuts India's economic growth forecast to 8.7%, cites COVID-19 impact

The projections for 2021-22 fiscal compares to a contraction of 7.3 percent recorded in the last financial year and a four percent growth in 2019-20

India’s medium-term growth to slow to 6.5% after initial rebound, says Fitch Ratings

As per the rating company, India's economy is now in a recovery phase that will be further supported by the rollout of vaccines in the next months

Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings

With incremental bank lending making up the bulk of the government's nearly Rs 21 lakh crore stimulus package, lenders face significant asset quality challenges which can increase their dud loan ratios by up to 6 percentage points over the next two years, warns a report

COVID-19 Lockdown Impact: Fitch Ratings says Indian economy to contract 5% in FY21; forecasts global GDP to fall by 4.6% in 2020

Fitch Ratings on Tuesday forecast the Indian economy to contract 5 percent in the current fiscal on account of the slump in economic activities following a "very severe" lockdown that has lasted much longer than expected

Economic package: Successful implementation of support measures for NBFI will be key, says Fitch Ratings

Fitch Ratings on Wednesday said support measures announced by the government for non-banking finance companies seek to ease borrower strain and boost funding conditions for NBFIs, but successful implementation will be the key

Stimulus measures can only prop up segments under distress; safe reopening of economy key to NBFIs recovery: Fitch

In a statement on the stimulus measures announced by Finance Minister Nirmala Sitharaman, Fitch said the 100 percent guarantee for MSME loans and farm support schemes were the two main highlights from the announcements.

Reliance Industries' slew of equity deals to drive improvement in company rating: Fitch Ratings

Reliance Industries' proposed $7 billion rights issue, a string of equity deals of $8 billion in Jio Platforms, and $1 billion from a joint venture with BP plc will allow its leverage to improve, Fitch Ratings said on Wednesday

RBI's liquidity support for MFs may struggle to be effective; Fitch says success will depend on banks' appetite to take up risks

The Reserve Bank of India's liquidity support for mutual funds may struggle to be effective, as its success will hang on banks' appetite to take up the risks involved, amid low capital headroom and a likely increase in fresh non-performing loans, according to Fitch

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

Fitch Ratings sees India growth slipping to 0.8% in FY21; says unparalled global recession underway

In its Global Economic Outlook, Fitch Ratings said India's gross domestic product (GDP) growth will slip to 0.8 percent for the year April 2020 to March 2021 (FY21) as compared to an estimated 4.9 percent growth in the previous fiscal