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Fitch retains India's rating; revision depends on bold reforms

Last Updated: Thursday, July 31, 2014, 16:35

Fitch Ratings on Thursday said it has retained the 'BBB-' sovereign rating - the lowest investment grade - on India and a revision will depend on the government's efforts to usher in bold reforms.

Rating revision hinges on reform measures: Fitch

Last Updated: Wednesday, July 30, 2014, 22:53

Global rating agency Fitch has retained 'BBB-' sovereign ratings of the country with a "stable" outlook and said rating revision depends on the new government's willingness to make difficult choices.

Fitch Ratings assigns BB+ to Tata Steel $1.5 billion notes

Last Updated: Tuesday, July 29, 2014, 19:08

The notes were issued by Singapore-based ABJA Investments Co Pte Ltd, a wholly owned subsidiary of TSL, and unconditionally and irrevocably guaranteed by India-based TSL.

Fitch says no major new measures for oil&gas sector in Budget

Last Updated: Friday, July 18, 2014, 20:33

Fitch Ratings on Friday said the Budget did not introduce any major new measures for the oil and gas sector and would be neutral for its rated oil and gas entities.

PSU banks' asset quality woes likely to continue: Fitch

Last Updated: Monday, June 16, 2014, 14:17

Gross NPA level of commercial banks stood at 3.9 per cent as of March-end as compared with 4.2 per cent till September 2013.

Nayak report implementation can improve ratings of PSBs: Fitch

Last Updated: Tuesday, May 27, 2014, 18:45

Fitch Ratings on Tuesday hinted at an upward revision of state-run banks' credit ratings if the government lets RBI implement key suggestions of P J Nayak panel report which it termed as wider sectoral reform push by the central bank.

Clear mandate to BJP improves prospects for reforms: Fitch

Last Updated: Tuesday, May 20, 2014, 18:10

The clear electoral mandate given to the Narendra Modi-led BJP has reduced political uncertainty and improved the prospects for economic policy reform, Fitch Ratings said Tuesday.

Crisis-hit Thai economy shrinks 0.6% in Q1: govt

Last Updated: Monday, May 19, 2014, 13:37

Thailand`s economy shrunk 0.6 percent year on year in January-March, data showed Monday, as the kingdom`s festering political crisis battered consumer confidence and frightened off tourists.

Fitch revises outlook on Tata Steel to stable

Last Updated: Monday, April 14, 2014, 18:33

Credit rating agency Fitch on Monday revised outlook on Tata Steel and its subsidiary Tata Steel UK Holdings Ltd to stable from negative on possible improvement in its financial profile.

Fitch affirms US ratings, removes downgrade danger

Last Updated: Friday, March 21, 2014, 11:49

Fitch Ratings on Friday affirmed the United States` credit ratings at "AAA" with a stable outlook, removing the distant danger that it might downgrade the world`s largest economy.

India's economy likely to grow 4.7% in FY14: Fitch Ratings

Last Updated: Friday, March 14, 2014, 16:05

India's economy may grow 4.7 percent in the current financial year, lower than the official estimate of 4.9 percent, Fitch Ratings said on Friday.

Efforts to meet 4.8% fiscal deficit credit positive: Fitch

Last Updated: Monday, January 13, 2014, 19:10

Government efforts to avoid "fiscal pump-priming" ahead of general elections, so as to achieve the fiscal deficit target of 4.8 percent of the GDP in 2013-14, are supportive for the country's credit rating, Fitch Ratings said on Monday.