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Sunday, January 24, 2021

Fitch Ratings

Fitch raises India’s FY21 GDP forecast to 9.4%

New Delhi, Dec 8 (IANS) Global credit rating agency Fitch on Tuesday raised its FY21 GDP growth forecast for India by predicting a narrower economic contraction of (-) 9.4 per cent from an earlier predicted fall of (-) 10.5...

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

New Delhi (IANS) 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 pre-virus...

India’s steel demand expected to contract in FY21: Fitch Ratings

Mumbai, Aug 21 (IANS) India's steel demand is expected to contract in FY21, Fitch Ratings said on Friday. However, the ratings agency said that volumes should continue to improve over the next few quarters, led by rural consumption and government...

India’s incentives for API production may cut supply risk: Fitch

New Delhi (IANS) The government’s decision to incentivise domestic manufacturing of active pharmaceutical ingredients (API) and key starting materials (KSM) could curtail supply-chain disruption risk for Indian drug makers, Fitch Ratings said on Monday. The ratings agency said that the...

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

Mumbai, June 24 (IANS) 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...

Indian banks staring at significant asset-quality challenges: Fitch

Mumbai, May 29 (IANS) Indian banks are staring at significant asset-quality challenges for at least the next two years despite regulatory measures, Fitch ratings said on Thursday. Accordingly, Fitch estimates that the impact on impaired-loan ratios could be anywhere between...

Fitch sees global growth contracting by 1.9 pc in 2020

Mumbai, Apr 3 (PTI) Fitch Ratings on Friday projected that the global economy will fall into a deep recession in 2020 due to the massive disruptions caused by the Covid-19 pandemic, with growth print contracting by 1.9 per cent,...

Three rating agencies downgrade Vodafone Idea in 2 days

Mumbai, Feb 21 (IANS) Telecom major Vodafone Idea''s survival is under serious doubt as the company''s ratings have been downgraded by three major rating firms within a span of just two days. Shares of Vodafone Idea (VIL), however, closed...

Fitch sees tough operating environment for Indian FIs

Mumbai, Feb 20 (IANS) India's financial institutions would continue to face difficult operating environment amid the macro-economic slowdown and weak funding conditions, Fitch Ratings said here on Wednesday. Fitch expects India's real gross domestic product (GDP) growth to slow to...

India’s GDP growth is still solid against that of peers: Fitch

New Delhi, Dec 20 (IANS) Fitch Ratings on Friday kept India's credit worthiness indicated by its Long-Term Foreign-Currency Issuer Default Rating (IDR) unchanged at 'BBB-' stating that Indias growth outlook was stable. The agency said that India's rating balances a still...

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Northeast has potential to become big tourist hub: Amit Shah

Shillong, Jan 23 (IANS) Union Home Minister Amit Shah on Saturday said that the central government led by Prime...