Fitch Ratings

RCom, GCX ratings unaffected by debt restructuring plan: Fitch

RCom, GCX ratings unaffected by debt restructuring plan: Fitch

The ratings on GCX are driven by its "relatively weak" trading position and its liquidity, it said cautioning that reduction of its cash balance to below USD 40 million could lead to negative rating action.

Nov 01, 2017, 17:19 PM IST
Indian banks need $65 billion capital to meet Basel rules by March 2019: Fitch

Indian banks need $65 billion capital to meet Basel rules by March 2019: Fitch

That is far above the $11 billion in capital infusions into state-run lenders the government has budgeted through March 2019.

Sep 12, 2017, 12:16 PM IST
Fitch affirms rating of 8 banks at 'BBB-'; outlook stable

Fitch affirms rating of 8 banks at 'BBB-'; outlook stable

Bank of Baroda (New Zealand), Punjab National Bank, Canara Bank, Bank of India, ICICI Bank and Axis Bank's rating has been also affirmed at 'BBB-'.

Jun 27, 2017, 15:34 PM IST
India's economy to grow at 7.4-7.6% in next two fiscals: Fitch Ratings

India's economy to grow at 7.4-7.6% in next two fiscals: Fitch Ratings

Demonetisation of old Rs 500 and 1,000 notes had a "material impact on spending" as reflected in significant slowing of GDP growth in January-March, Fitch Ratings said today, warning that the ongoing steep decline in investment could spell risks to growth potential.

Jun 20, 2017, 14:33 PM IST

Telecom sector woes do not pose systemic threat to banks: Fitch

In the wake of recent liquidity crisis at Reliance Communications, global rating agency Fitch Ratings today said though the country's banks do not have large exposure to the telecom sector, but defaults could affect lenders with weak financials.

Jun 06, 2017, 12:21 PM IST

Fitch affirms PFC rating at BBB- on strong govt support

Fitch Ratings has affirmed Power Finance Corporation (PFC) rating at BBB- and maintained a stable outlook due to strong government support and its healthy financial performance.

Jun 02, 2017, 16:27 PM IST

Fitch affirms Bharti Airtel credit rating at BBB

Credit rating firm Fitch on Friday affirmed Bharti Airtel's long-term foreign currency issuer default rating at 'BBB' with stable outlook, reflecting the firm's ability to repay debt.

May 26, 2017, 21:58 PM IST
India making concerted push to tackle bad loan: Fitch

India making concerted push to tackle bad loan: Fitch

Fitch Ratings on Friday said Indian authorities are making a more concerted push to clean up bad loans in the banking sector but the move would impinge on banks' profitability in the short-term.

May 12, 2017, 13:01 PM IST
Fitch keeps India's sovereign rating unchanged at 'BBB-' with stable outlook, projects 7.7% growth rate for this fiscal

Fitch keeps India's sovereign rating unchanged at 'BBB-' with stable outlook, projects 7.7% growth rate for this fiscal

Global rating agency Fitch Ratings on Tuesday kept India's sovereign rating unchanged at 'BBB-' -- the lowest investment grade -- with a stable outlook, citing a "weak fiscal position and difficult business environment".

 

May 02, 2017, 17:14 PM IST
Fed rate hike marks normalisation of US monetary policy: Fitch

Fed rate hike marks normalisation of US monetary policy: Fitch

The Federal Reserve's move to hike interest rates by 25 basis points, only the third hike in over 10 years and second in 3 months, marks the beginning of a new phase of US monetary policy normalisation, says Fitch Ratings.

Mar 16, 2017, 12:50 PM IST
'Bad bank' to speed up stressed assets resolution: Fitch

'Bad bank' to speed up stressed assets resolution: Fitch

Setting up of a 'bad bank' can accelerate the resolution of stressed assets in the banking sector but that would also require a credible capital infusion plan by the government, Fitch Ratings said on Friday.

Feb 24, 2017, 12:07 PM IST
Demonetisation affected repayment of auto loans: Fitch Ratings

Demonetisation affected repayment of auto loans: Fitch Ratings

Fitch Ratings on Friday said repayment of Indian auto loans got affected by demonetisation and it would take a couple of months for collections to come back to normal levels.

Jan 27, 2017, 11:56 AM IST
Note ban will hit property sales by 20-30% this year: Fitch

Note ban will hit property sales by 20-30% this year: Fitch

Disruptions caused by demonetisation and the general caution on the part of buyers will hit property sales in India by at least 20-30 percent in 2017, Fitch Ratings said in its latest report.

Jan 25, 2017, 14:54 PM IST
Housing sales may see 20-30% decline this year: Fitch

Housing sales may see 20-30% decline this year: Fitch

Residential property sales in India are expected to witness at least 20-30 percent dip in 2017 due to demonetisation impact, Fitch Ratings said today.

Jan 23, 2017, 23:58 PM IST
Rating agencies assign investment grade to SBI bond programme

Rating agencies assign investment grade to SBI bond programme

Rating agencies have accorded investment grade to the proposed USD 500 million bond raising programme of the country's largest lender SBI.

Jan 17, 2017, 15:14 PM IST
'Reliance Jio's subscriber base may touch 100 mn by March 2017'

'Reliance Jio's subscriber base may touch 100 mn by March 2017'

When Mukesh Ambani launched the Reliance Jio Welcome Offer in September, it was expected to take the market by storm and it did with a world record 16 million subscribers in just 26 days.

Dec 22, 2016, 22:32 PM IST
Scope for further monetary easing on softer retail inflation: Fitch

Scope for further monetary easing on softer retail inflation: Fitch

Ahead of the monetary policy announcement by RBI, Fitch Ratings today said there is scope for monetary easing in India as retail inflation is holding below the 5 percent target.

Dec 06, 2016, 16:05 PM IST
Fitch cuts India's GDP outlook to 6.9% for 2016-17

Fitch cuts India's GDP outlook to 6.9% for 2016-17

Fitch Ratings has lowered India`s GDP outlook for the current year to 6.9 percent from the 7.4 percent estimated earlier.

Nov 29, 2016, 16:05 PM IST
Notes ban to sooth property prices, impact developers: Fitch

Notes ban to sooth property prices, impact developers: Fitch

Prices of residential properties will fall and real estate sector will face the negative impact of demonetisation of Rs 500 and Rs 1,000 notes over the next 1-2 years, Fitch Ratings said Thursday.

Nov 10, 2016, 21:19 PM IST
Indian economy to grow at slower pace, 8% growth not before 2018-19: Fitch

Indian economy to grow at slower pace, 8% growth not before 2018-19: Fitch

Fitch also said that RBI, led by its new Governor Urjit Patel, is expected to cut its policy rate by 25 basis points to 6.25 percent before the end of 2016, followed by one more rate cut in 2017.

Oct 03, 2016, 18:12 PM IST