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Tag "Fitch Ratings"

Indian pharma industry sales to log robust growth: Fitch Ratings

Indian pharma industry sales to log robust growth: Fitch Ratings

🕔11:12, 17.Jun 2021

Chennai, June 17  The sales for Indian pharmaceutical companies are expected to log a robust growth in FY22, said Fitch Ratings. The credit rating agency said pharma company sales will grow in FY22 as sales normalise in categories affected by

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Fitch Ratings affirms India’s sovereign rating at ‘BBB-‘, outlook negative

Fitch Ratings affirms India’s sovereign rating at ‘BBB-‘, outlook negative

🕔06:31, 23.Apr 2021

New Delhi, April 23  Fitch Ratings on Thursday affirmed India’s sovereign rating at ‘BBB-‘ with a negative outlook. The affirmation of the negative outlook on India’s Long-Term IDRs reflects concerns over high public debt levels and increasing risk to growth

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Bharat Petroleum divestment makes headway, more steps needed: Fitch

Bharat Petroleum divestment makes headway, more steps needed: Fitch

🕔14:19, 19.Mar 2021

New Delhi, March 19  Acknowledging progress in Bharat Petroleum’s divestment process, Fitch Ratings said that multiple steps are still needed. Accordingly, BPCL has made headway on a key pre-condition to its divestment and other key milestones over the last six

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India’s Budget points to a loosening of fiscal policy: Fitch Ratings

India’s Budget points to a loosening of fiscal policy: Fitch Ratings

🕔16:06, 11.Feb 2021

Mumbai/Hong Kong, Feb 11  Indias Budget presented on February 1 by Union Finance Minister Nirmala Sitharaman points to a loosening of fiscal policy to support the countrys ongoing economic recovery from the pandemic and will consequently lead to a rise

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India’s FY22 budget has potential to lift growth: Fitch Ratings

India’s FY22 budget has potential to lift growth: Fitch Ratings

🕔16:11, 10.Feb 2021

Mumbai, Feb 10  India’s FY22 budget has the potential to lift economic prospects, as higher expenditure will support the near-term recovery and increased infrastructure spending could boost sustainable medium-term growth rates, said Fitch Ratings. Accordingly, the ratings agency pointed out

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Budget proposals positive for insurance sector: Fitch Ratings

Budget proposals positive for insurance sector: Fitch Ratings

🕔17:40, 9.Feb 2021

New Delhi, Feb 9  India’s 2021-2022 Budget proposals to relax foreign-ownership caps on insurers and listing of LIC will help the industry attract foreign capital, strengthen solvency and promote competition, Fitch Ratings has said. Besides, the ratings agency said, these

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Fitch Ratings revises India’s FY-21 GDP forecast to (-) 10.5%

Fitch Ratings revises India’s FY-21 GDP forecast to (-) 10.5%

🕔07:20, 9.Sep 2020

New Delhi, Sep 9  Global credit rating agency Fitch on Tuesday slashed its FY-21 GDP growth forecast for India further downward to (-) 10.5 per cent from (-) 5 per cent. “We expect the shortfall of activity relative to our

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FY21 electricity demand likely to drop by 4%: Fitch Ratings

FY21 electricity demand likely to drop by 4%: Fitch Ratings

🕔08:09, 19.Aug 2020

New Delhi, Aug 19  India’s electricity demand is expected to drop by 4 per cent during the financial year ending March 2021 despite a gradual pick-up in economic activity since pandemic-related lockdowns were relaxed in June, Fitch Ratings said on

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India’s banking sector expected to face capital shortfalls: Fitch

India’s banking sector expected to face capital shortfalls: Fitch

🕔10:05, 2.Jul 2020

Mumbai/Singapore, July 2  Ratings agency Fitch Ratings on Wednesday said that India’s banking sector is expected to face capital shortfalls due to coronavirus pandemic-related disruption. According to Fitch Ratings, Indian banks are likely to require at least $15 billion in

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India’s automakers’ profitability to remain weak: Fitch Ratings

India’s automakers’ profitability to remain weak: Fitch Ratings

🕔07:45, 24.Jun 2020

Mumbai, June 24  Credit rating agency Fitch Ratings expects Indian automakers’ profitability to remain weak as the pandemic’s economic impact will weigh on demand in FY21. India’s automakers reported sharper volume declines and weaker profitability in the last quarter of

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Fitch revises outlook on 9 Indian banks to negative

Fitch revises outlook on 9 Indian banks to negative

🕔17:41, 22.Jun 2020

New Delhi, June 22 After downgrading India’s outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative. The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable

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Fitch gives ‘stable’ outlook to Airtel

Fitch gives ‘stable’ outlook to Airtel

🕔16:33, 20.Feb 2020

New Delhi, Feb 20  Fitch Ratings has affirmed Bharti Airtel Limited’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ and senior unsecured rating ‘BBB-‘ and the Outlook on the IDR is Stable. The agency has also affirmed Bharti Airtel International

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Fitch Ratings: Coronavirus set to dampen China’s economic growth

Fitch Ratings: Coronavirus set to dampen China’s economic growth

🕔12:22, 8.Feb 2020

New Delhi [India], February 8 – Global consultancy Fitch Ratings says the ongoing coronavirus outbreak will dampen economic growth in China this year. However, the scale of the impact remains uncertain and will depend on the duration and intensity of

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Fitch pegs India’s growth at 6.6% in 2019-20

Fitch pegs India’s growth at 6.6% in 2019-20

🕔06:51, 18.Jun 2019

New Delhi, June 18  Fitch Ratings on Monday saw India’s growth for FY 2019-20 at 6.6 per cent and 7.1 per cent in 2021-22. Fitch was optimistic on India’s growth, saying that the monetary and regulatory easing from the Reserve

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Fitch cuts India’s 2019-20 GDP forecast to 6.8%

Fitch cuts India’s 2019-20 GDP forecast to 6.8%

🕔20:24, 22.Mar 2019

Mumbai, March 22 Fitch Ratings on Friday cut India’s GDP growth rate projection for the next financial year to 6.8 per cent, from its previous estimate of 7 per cent, on account of weaker-than-expected growth momentum. The US rating agency

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Fitch raises India’s FY19 GDP growth forecast to 7.8%

Fitch raises India’s FY19 GDP growth forecast to 7.8%

🕔11:11, 22.Sep 2018

New Delhi, Sep 22  US multinational Fitch Ratings on Friday raised India’s GDP growth forecast for the current fiscal to 7.8 per cent, up from their earlier estimate of 7.4 per cent, indicating, however, that tightening of financial conditions, global

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Rising fuel prices might impact commercial vehicle operators: Fitch Ratings

Rising fuel prices might impact commercial vehicle operators: Fitch Ratings

🕔07:38, 7.Jul 2018

New Delhi, July 7  Fitch Ratings on Friday said that rising fuel prices could strain India’s commercial vehicle operators and lead to a rise in auto-loan delinquencies. “That said, the upbeat economic outlook suggests operators may find it easier to

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Fitch rates Bharti Airtel at BBB-; outlook stable

Fitch rates Bharti Airtel at BBB-; outlook stable

🕔21:16, 26.Jun 2018

New Delhi/ Singapore, June 26  Fitch Ratings on Tuesday affirmed India-based Bharti Airtel’s Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB-‘ with the outlook on the IDR as stable. “The stable outlook reflects our belief that

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Fitch downgrades PNB’s viability ratings

Fitch downgrades PNB’s viability ratings

🕔10:53, 5.Jun 2018

Mumbai, June 5  Fitch Ratings has downgraded the viability rating (VR) of state-owned Punjab National Bank (PNB) to ‘b’ from ‘bb-‘ and maintained it on rating “watch negative” (RWN). “The two-notch downgrade to PNB’s VR is a reflection of the

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Fitch downgrades PNB’s viability rating to bb-

Fitch downgrades PNB’s viability rating to bb-

🕔10:32, 11.Apr 2018

New Delhi, April 11  Fitch Ratings on Tuesday downgraded the Viability Rating of the Punjab National Bank (PNB) to ‘bb-‘ from ‘bb’ and maintained the rating on Rating Watch Negative (RWN) following a multi-crore fraud involving diamond trader Nirav Modi.

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