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

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.

Budget has limited short term impact on power sector: Fitch

Last Updated: Wednesday, July 16, 2014, 20:53

The Budget proposals for the power sector are directionally correct but lack specifics to support a meaningful improvement in the short-term, rating agency Fitch said on Wednesday.

Budget lacks 'specifics' for improvement in power sector:Fitch

Last Updated: Wednesday, July 16, 2014, 15:24

Fitch said inadequate domestic production and infrastructure bottlenecks continue to act as constraints for ensuring adequate supplies to power plants.

Budget announcements positive for infra in long term: Fitch

Last Updated: Monday, July 14, 2014, 16:28

Fitch said the new government led by Narendra Modi has made new long-term capital investment cycle as a policy focus.

Malaysian CIMB mega bank merger comes with `risks`: Fitch

Last Updated: Monday, July 14, 2014, 11:50

Ratings agency Fitch warned on Monday that a merger plan by Malaysia`s second largest bank CIMB Group with RHB Capital and Malaysia Building Society to create the country`s biggest lender was fraught with risk.

Union Budget 2014: 'Budget credit positive, but implementation is the key'

Last Updated: Thursday, July 10, 2014, 17:48

All these measures will result in a revenue loss of Rs 22,300 crore to the government this fiscal, the Minister said, while indirect tax increases will fetch only under Rs 8,000 crore.

Diesel subsidy to fall 25% this fiscal to Rs 1 trillion: Fitch

Last Updated: Tuesday, July 08, 2014, 19:25

Global ratings agency Fitch on Tuesday said the regular increase in diesel price to align it with market will lead to a 25 percent fall in fuel under- recoveries this fiscal at about Rs 1 trillion (Rs 1 lakh crore).

Modi effect: Fitch revises economic growth forecast to 5.5%

Last Updated: Tuesday, July 01, 2014, 18:34

International rating agency Fitch Tuesday said India's economic growth will accelerate to 5.5 percent this financial year and 6.5 percent in FY16 due to the clear mandate received by the pro-reform Narendra Modi government.

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.

PSU banks rating outlook likely to be stable: Report

Last Updated: Sunday, June 15, 2014, 12:15

The appointment of Narendra Modi-led BJP government has improved investors sentiments and the key benchmark indices surged to record levels.

Fitch downgrades Vedanta to 'BB'; withdraws ratings

Last Updated: Friday, June 06, 2014, 19:30

International rating agency Fitch today downgraded Anil Agrawal promoted Vedanta's credit rating to 'BB' from BB+ with a stable outlook and then withdrew its ratings.

Mahindra & Mahindra credit rating upgraded to 'AAA'

Last Updated: Thursday, May 29, 2014, 21:38

Mahindra & Mahindra (M&M) on Thursday said its credit rating has been upgraded to the highest level 'AAA' by India Ratings & Research, the domestic arm of global ratings agency Fitch.