Fitch Ratings Ltd

Fall in rupee won't impact co credit ratings: Fitch

Credit ratings agency Fitch said that the fall in rupee won't affect the credit ratings of Indian companies that are capable of servicing their debt even in severe downturn.

Greece secures biggest debt cut in history

The two other major ratings agencies, Moody's and Standard & Poor's, have already downgraded Greece to default level.

Fitch revises India's growth from 7.5% to 7%

Ratings agency Fitch today revised its growth forecast for the Indian economy this fiscal, downward to 7 percent from the earlier estimate of 7.5 percent on account of the high interest rate regime and global slowdown.

Why analysts are backing Bharti despite its weak results

Despite the earnings miss, Bharti Airtel's overall EBITDA margins improved 115 basis points quarter-on-quarter led by improvements in its mobile and Africa businesses.

Reliance Power gets a reprieve, but power cos woes remain

Even ascosts of importing coal have climbed, local production from Coal India has stagnated. For power cos, it's a lose-lose situation: importing coal is unviable at current power tariffs and local output is limited.

IT/ITeS to drive demand for office space in 2012: Fitch

Availability of funds will continue to be a concern this year, the ratings agency said.

Wrap up: Food inflation down to 9.01%; Retail FDI delayed not scrapped

Confused and intimidated by the amount of news hurtling at you everyday? Well, to make your life easier, here's a quick round-up of the major local and international business and economic news events.

Negative outlook for most Indian telecos in 2012: Fitch

Fitch Ratings said the 2012 outlook for most Indian telcos is negative, as the nationally-owned and six smallest private telcos will continue to suffer operating losses.

UBS chairman should step down in May, former chairman says

UBS Chairman Kaspar Villiger, who heads the Swiss banking giant recently shaken by a rogue trading scandal, should step down in May, the bank's honorary chairman said.

Fitch sees debt default risk in Greece, US