India will continue to post good growth despite subdued prospect for the Asia Pacific region amid expected rise in US rates, dollar strength, and lower commodity prices, Fitch said while retaining India's rating.
Among the BRICS grouping, GDP growth will range from 7.8 per cent in India to a contraction of 3 per cent in Russia and 1.5 per cent in Brazil this year, said the Global Economic Outlook released by the Fitch Ratings.
Rating agency Fitch on Friday affirmed 'BBB-' rating with a stable outlook on infra lender IDFC -- which is racing to convert itself as a commercial bank -- despite the company facing severe asset quality issues.
International rating agency Moody's today said the recent international junk bond sales by domestic companies offer the best protection to investors as they have the highest overall covenant quality scores.
Projecting an 8 percent growth for the current fiscal, rating agency Fitch on Thursday said India is less vulnerable to risks from capital flight, on account of of drop in oil prices and the government's reform agenda.
Global ratings agency Standard & Poor's on Wednesday revised upward its outlook on Tata Power to 'stable' and reaffirmed its B+ rating on the company citing the progress, though slow, on tariff revision and stake sale.