fitch-ratings - Latest News on fitch-ratings | Read Breaking News on Zee News

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.

Govt fiscal prudence supports credit ratings: Fitch

Last Updated: Monday, January 13, 2014, 15:17

The government is maintaining fiscal discipline before the general elections, which is supporting the country`s credit ratings, a Fitch Ratings analyst said on Monday.

Fitch sees govt pushing Rs 45000-cr oil subsidy to next fiscal

Last Updated: Monday, November 25, 2013, 19:27

The rating agency said out of the oil subsidies allocation of Rs 65,000 crore in the budget for this fiscal, the government has already given out Rs 45,000 crore to pay oil marketing companies for the subsidy gap incurred in FY13.

India to rely on 2014-15 budget for oil subsidies: Fitch

Last Updated: Monday, November 18, 2013, 13:05

Fitch Ratings on Monday said the Indian government will have to depend on its FY 2014-15 budget to fund part of the current financial year’s oil subsidies bill.

Indian passenger vehicle demand to remain weak: Fitch

Last Updated: Friday, November 15, 2013, 09:55

Fitch Ratings expects demand for passenger vehicles in India to remain weak through the first half of 2014 because of high interest rates and weak consumer sentiment.

Fitch says bad loans of Indian banks likely to peak by FY16

Last Updated: Friday, September 27, 2013, 22:38

International rating agency Fitch today said bad loans in India's banking system are likely to peak in FY2015-16, but stopped short of putting a number to the same.

Fitch downgrades PNB, BoB viability ratings

Last Updated: Monday, September 23, 2013, 20:59

Global rating agency Fitch Monday dowgraded viability ratings of the state-run Punjab National Bank and Bank of Baroda by one notch to 'bb+' from 'bbb-' while retaining their long-term issuer default ratings at 'bbb-'.

Rupee slide to add to credit pressures on Indian banks: Fitch

Last Updated: Thursday, August 29, 2013, 21:30

The depreciation in rupee's value would add to credit pressures on Indian banks, especially public sector lenders, because their stress-absorption capacity is comparatively lower than their private-sector peers, global rating agency Fitch said Thursday.

Rupee slide to impact IOC, BPCL most: Fitch

Last Updated: Thursday, August 29, 2013, 17:54

Global rating agency Fitch Thursday said the rupee depreciation will have highest impact on state- owned oil marketing companies, including IOC and BPCL.