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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.

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.