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
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
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
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
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
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
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
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
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
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
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
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
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
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.
Mumbai, Dec 4 (IANS) International ratings agency Fitch on Monday lowered the country’s GDP growth projection for 2017-18 to 6.7 per cent. According to Fitch’s December Global Economic Outlook (GEO), the global ratings agency reduced the growth forecast for the fiscal
New Delhi, Sep 11 Subdued demand growth, consistent capacity additions and better networks may result in India producing surplus power in the current fiscal, although sporadic outages continue and 24 per cent households are yet to be electrified, according to the
Mumbai, June 20 (IANS) Global credit rating agency Fitch Ratings said the 6.1 per cent year-on-year (yoy) growth of Indian gross domestic product in the first quarter of 2017 was the slowest growth rate since the fourth quarter of 2014.
New Delhi, Feb 7 (IANS) The proposed merger of the Indian state-run oil and gas companies would face significant execution challenges in managing integration of employees, addressing overcapacity in the merged entity and getting support for the merger from private shareholders,
New Delhi, Jan 11 Fitch Ratings has downgraded India’s growth outlook to 6.9 per cent for 2016-17 from the earlier 7.4 per cent due to “uncertainty” over the benefits of demonetisation.“The demonetisation of large denomination bank notes has caused short-term
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