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Fitch Ratings

Airtel results signal Indian mobile sector rebound: Fitch Ratings

Bharti's ratings headroom is likely to improve with an equity infusion, planned asset sales and growing Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) from Africa, it noted.

May 09, 2019, 10:06 AM IST

Patel's resignation highlights risks to RBI's policy priorities: Fitch

The Government Tuesday appointed former Economic Affairs Secretary Shaktikanta Das as the new Governor.

Dec 12, 2018, 13:34 PM IST

Fitch slashes India growth forecast to 7.2% on reduced credit availability

Indian economy grew 6.7 percent in 2017-18 fiscal.

Dec 06, 2018, 12:30 PM IST

BoB-Vijaya-Dena Bank merger plan shows govt willingness to pursue sector reform: Fitch

The boards of each bank will meet to give a go-ahead to the proposed merger.

Sep 28, 2018, 11:11 AM IST

Fitch revises Tata Motors outlook to negative

It affirmed the long-term issuer default rating of Tata Motors' at 'BB+'.

Sep 20, 2018, 18:26 PM IST

Banking sector outlook to stay negative till capital positions improve: Fitch

Fitch said the USD 151-billion stock of bad loans remains a risk for the sector's weak income base.

Aug 13, 2018, 13:13 PM IST

Fitch rates Bharti Airtel at BBB-; outlook stable

Fitch said, Bharti's IDR reflects its market-leading position in India, solid spectrum portfolio and diversified and integrated operations that are likely to help it withstand intense competition in India's mobile segment.

Jun 26, 2018, 16:45 PM IST

Fitch downgrades PNB's viability rating to BB-

According to a statement from the credit ratings agency, PNB`s other ratings are unaffected by this downgrade.

Apr 10, 2018, 17:48 PM IST

Fitch says Indian ABS not affected by PNB fraud

PNB, it says, still remains eligible as an account bank for Indian ABS transactions rated at 'BBB-sf'.

Feb 26, 2018, 14:59 PM IST

High govt debt burden constrains India's sovereign rating: Fitch

The 2018-19 Union Budget unveiled yesterday contains a number of policy measures with the potential to support economic demand and social well being.

Feb 02, 2018, 11:05 AM IST

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

RCom, GCX ratings unaffected by debt restructuring plan: Fitch

The ratings on GCX are driven by its "relatively weak" trading position and its liquidity, it said cautioning that reduction of its cash balance to below USD 40 million could lead to negative rating action.

Nov 01, 2017, 17:19 PM IST

Indian banks need $65 billion capital to meet Basel rules by March 2019: Fitch

That is far above the $11 billion in capital infusions into state-run lenders the government has budgeted through March 2019.

Sep 12, 2017, 12:16 PM IST

Fitch affirms rating of 8 banks at 'BBB-'; outlook stable

Bank of Baroda (New Zealand), Punjab National Bank, Canara Bank, Bank of India, ICICI Bank and Axis Bank's rating has been also affirmed at 'BBB-'.

Jun 27, 2017, 15:34 PM IST

India's economy to grow at 7.4-7.6% in next two fiscals: Fitch Ratings

Demonetisation of old Rs 500 and 1,000 notes had a "material impact on spending" as reflected in significant slowing of GDP growth in January-March, Fitch Ratings said today, warning that the ongoing steep decline in investment could spell risks to growth potential.

Jun 20, 2017, 14:33 PM IST

Telecom sector woes do not pose systemic threat to banks: Fitch

In the wake of recent liquidity crisis at Reliance Communications, global rating agency Fitch Ratings today said though the country's banks do not have large exposure to the telecom sector, but defaults could affect lenders with weak financials.

Jun 06, 2017, 12:21 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

India making concerted push to tackle bad loan: Fitch

Fitch Ratings on Friday said Indian authorities are making a more concerted push to clean up bad loans in the banking sector but the move would impinge on banks' profitability in the short-term.

May 12, 2017, 13:01 PM IST

Fitch keeps India's sovereign rating unchanged at 'BBB-' with stable outlook, projects 7.7% growth rate for this fiscal

Global rating agency Fitch Ratings on Tuesday kept India's sovereign rating unchanged at 'BBB-' -- the lowest investment grade -- with a stable outlook, citing a "weak fiscal position and difficult business environment".


May 02, 2017, 17:14 PM IST