Fitch Ratings | The Asian Age

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The rating agency expects growth to be 7.1 per cent in 2020-2021.

Fitch cuts GDP growth to 6.8 per cent for next fiscal

It has also cut the GDP growth forecast for current fiscal to 6.9 per cent from 7.2 per cent projected in December.

23 Mar 2019 1:59 AM

The Nifty broke the resistance levels of 10,500 this week which was a strong barrier to cross.

Slim chances of fresh triggers now

According to analysts, major indicators are currently in the overbought zone, a pullback is imminent to retest the recent breakout levels.

23 Mar 2019 1:55 AM

NTPC's ratings benefit from the company's dominant market position in the country's power-generation industry and regulated business model, which provides cash flow certainty.

Fitch assigns investment grade rating to NTPC's proposed notes

The proposed notes are to be issued out of NTPC's USD 6 billion medium-term note programme.

22 Mar 2019 4:08 PM

The agency has also affirmed the company's senior unsecured rating and the rating on its senior unsecured notes at 'BB'.

Fitch revises outlook on JSW Steel to stable from negative

Shares of JSW Steel were trading 0.51 per cent lower at Rs 310.50 apiece on BSE.

01 Mar 2018 1:41 PM

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying “growth has repeatedly disappointed in recent quarters.”

Fitch cuts India’s GDP forecast to 6.7 per cent for FY18

It said FY19 forecast has been cut to 7.3 per cent from 7.4 per cent.

05 Dec 2017 12:54 AM

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. (Photo: File)

Fitch cuts India's GDP growth forecast for current fiscal year to 6.7 per cent

It also cut GDP growth forecast for 2018-19 fiscal year to 7.3 per cent from 7.4 per cent predicted in its Sept Global Economic Outlook.

04 Dec 2017 8:56 PM

Fitch Ratings has lowered India's economic growth forecast for the current fiscal to 6.9 per cent from 7.4 per cent.

Fitch downgrades India's growth forecast to 6.9 per cent

Fitch Ratings said the global economy has improved markedly this year and is on course to recording its fastest expansion since 2010.

02 Oct 2017 7:23 PM

Bank of Baroda is one of largest public sector banks. (Photo: Representational/File)

Banks face $65 bn capital shortage to meet Basel III norms: Fitch

Weak capital positions have a major negative influence on Indian banks' Viability Ratings.

12 Sep 2017 2:52 PM

This is lower than the US-based credit rating agency's previous estimate of USD 90 billion.

Banks need $65 bn additional capital to meet Basel III norms: Fitch

Gross non-performing loan ratio reached 9.7 per cent in 2016-17, up from 7.8 per cent in 2015-16.

12 Sep 2017 2:51 PM

Demonetisation impacted 'material spending' and slowed GDP: Fitch

According to Fitch, consumption growth fell substantially to 7.3 per cent, from 11.3 per cent in the fourth quarter of 2015-16.

20 Jun 2017 11:59 AM

Fitch keeps Lodha's rating at 'B'

Fitch Ratings has affirmed India-based home builder Lodha Developers Pvt Ltd's Long-Term IDR at 'B', and maintained the negative outlook

09 Jun 2017 5:35 PM

RCom disagrees with Moody's and Fitch ratings

RCom said the agencies' views apply only on its USD 300 million bonds, which are being serviced regularly.

07 Jun 2017 6:19 PM

Fitch said state banks, which hold the bulk of stressed assets are likely to report low returns on assets for FY17.

India praised for measures taken against NPAs: Fitch

A week after promulgation of ordinance, RBI Governor Urjit Patel met senior finance ministry officials to discuss operational issues.

13 May 2017 12:17 AM

The budget for FY18 signalled continued commitment to a broad reform agenda, with a greater focus now on widening the tax base.

High govt support to deal with stressed asset 'negative': Fitch

Fitch has a 'BBB-minus', the lowest investment-grade rating on India with a 'stable' outlook.

07 Apr 2017 2:25 PM

Some Indian banks risk skipping coupon payments

Fitch Ratings says mid-sized banks are the most at risk of breaching capital triggers.

09 Mar 2017 2:55 PM

Fitch's projection of 7.1 per cent economic growth for this fiscal is in line with the estimates of CSO and global think-tank OECD.

December quarter GDP growth surprising: Fitch

The rating agency, however, projected a robust 7.1 per cent growth for 2016-17.

07 Mar 2017 12:41 PM

The positive impact on funding conditions will depend on the deposits remaining in banks beyond the next few months.

Note ban gains 'highly uncertain', says Fitch

Rating agency revises down GDP growth estimate to 6.9 per cent from earlier 7.4 per cent.

11 Jan 2017 1:30 PM

According to some estimates Modi may need until May to replace the 23 billion bank notes he's sucked out. (Photo: PTI)

GDP report to be presented tomorrow, will reveal impact of Modi's note ban

The biggest concern though is how soon the Indian economy will be able to rebound from Modi’s measure.

29 Nov 2016 12:22 PM

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Shobhaa De