Fitch

Fitch questions strength of corp governance at ICICI Bank

Fitch questions strength of corp governance at ICICI Bank

Late last month, the bank admitted that Kochhar did not recuse herself from a credit committee meeting which decided to give a Rs 3,250 crore loan to diversified Videocon Group in 2012.

Apr 09, 2018, 17:28 PM IST
Axis Bank's rating unaffected by not honouring guarantee: Fitch

Axis Bank's rating unaffected by not honouring guarantee: Fitch

The agency has a 'BBB-' rating with a stable outlook on the Shikha Sharma-led bank.

Mar 26, 2018, 15:18 PM IST
Indian economy on right track; after World Bank, now Fitch says India to have 7.3% growth rate in FY19

Indian economy on right track; after World Bank, now Fitch says India to have 7.3% growth rate in FY19

According to Fitch, the pick up in growth is likely as the influence of one-off policy-related factor which was dragging growth has now waned.

Mar 15, 2018, 10:52 AM IST
Finmin pitches for ratings upgrade with Fitch; says will adhere to fiscal prudence

Finmin pitches for ratings upgrade with Fitch; says will adhere to fiscal prudence

Fitch last year kept India's sovereign rating unchanged at 'BBB-', the lowest investment grade, with stable outlook.

Mar 07, 2018, 06:59 AM IST
RBI's new NPA norms may undermine bank earnings: Fitch

RBI's new NPA norms may undermine bank earnings: Fitch

The new framework will give banks less discretion over the reporting and resolution of bad assets.

Feb 22, 2018, 20:16 PM IST
Fitch places PNB on 'Rating Watch Negative' with downgrade possibility

Fitch places PNB on 'Rating Watch Negative' with downgrade possibility

The Viability Rating measures credit worthiness of a financial institution and reflects the likelihood of the entity to fail.

Feb 20, 2018, 10:59 AM IST
India's GDP can clip at 6.7% average for next 5 years: Ficth

India's GDP can clip at 6.7% average for next 5 years: Ficth

The GDP recovered to 6.3 percent in the September quarter from a six-quarter-low of 5.7 percent in the preceding June quarter.

Jan 05, 2018, 09:49 AM IST
RCom slips 5% on bourses as Fitch withdraws ratings

RCom slips 5% on bourses as Fitch withdraws ratings

During the day, RCom stock opened at Rs 11.10 and slumped 5.64 percent to touch an intra-day low of Rs 10.70 on the BSE. At the end of today's trading session the stock was quoted at Rs 10.78, down 4.94 percent.

Dec 06, 2017, 17:05 PM IST
Fitch cuts India's FY18 GDP growth forecast to 6.7%

Fitch cuts India's FY18 GDP growth forecast to 6.7%

Fitch, however, expects GDP growth to pick up in the next two years on back of gradual implementation of the structural reform agenda and higher real disposable income.

Dec 05, 2017, 10:01 AM IST

India's PV, 2-wheeler sales to be in high single digits: Fitch

With India set to adopt BS-VI emission norms by 2020, Firth said it expected automakers' R&D spending to remain high as they focus on new models.

Nov 21, 2017, 22:00 PM IST
Recapitalisation plan positive for banks' ratings: Fitch

Recapitalisation plan positive for banks' ratings: Fitch

The lending growth is still likely to remain weak, at least in the short term, as banks will prioritise asset resolution and provisioning over expansion, Fitch said.

Oct 26, 2017, 11:20 AM IST
GST to be positive for auto, retail; negative for SMEs: Fitch

GST to be positive for auto, retail; negative for SMEs: Fitch

New indirect tax regime GST is likely to be beneficial for auto, cement and organised retail sectors, but will have a negative impact on oil and gas, and SME sectors, Fitch Ratings said on Tuesday.

Jul 18, 2017, 13:40 PM IST
RCom rejects rating downgrades by Moody's, Fitch

RCom rejects rating downgrades by Moody's, Fitch

Telecom operator Reliance Communications on Tuesday rejected credit rating cuts by Moody's and Fitch as the agencies' views apply only on its USD 300 million bonds, which are being serviced regularly.

Jun 07, 2017, 18:16 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
Q3 GDP data surprising; Indian economy to grow by 7.1% in current fiscal: Fitch

Q3 GDP data surprising; Indian economy to grow by 7.1% in current fiscal: Fitch

Indian economy will grow by 7.1 percent in current fiscal, 7.7 percent in 2017-18, rating agency Fitch said on Tuesday.

Mar 07, 2017, 10:29 AM IST
'Acquiring Telenor will raise Bharti revenue market share by 2%'

'Acquiring Telenor will raise Bharti revenue market share by 2%'

Acquisition of Telenor's business will increase Bharti Airtel's revenue market share by two percentage points to 35 percent and will add up to USD 60 million to its pre-tax profits, international ratings agency Fitch said.

Feb 23, 2017, 18:00 PM IST

Donald Trump's victory in US presidential election raises global uncertainties: Fitch

Donald Trump's victory in the US presidential election has created uncertainty for many other sovereigns as the reaction in financial and commodity markets could also affect countries outside the United States, Fitch Ratings said on Thursday.

Nov 17, 2016, 22:03 PM IST
'Raghuram Rajan too may have cut interest rate like Urjit Patel did'

'Raghuram Rajan too may have cut interest rate like Urjit Patel did'

Flamboyant former Reserve Bank Governor Raghuram Rajan too may have cut interest rates like his successor Urjit Patel did at his every first monetary policy review, said rating agency Fitch.

Nov 14, 2016, 14:34 PM IST
Fitch affirms Reliance Industries' rating at 'BBB-' with stable outlook

Fitch affirms Reliance Industries' rating at 'BBB-' with stable outlook

Fitch Thursday affirmed Reliance Industries' rating at 'BBB-' with a stable outlook on robust refinery and petrochemical business as also "strong growth potential" in recently launched telecom venture.

Nov 03, 2016, 15:58 PM IST