Latest Articles in fitch ratings
Fitch Sees Rupee Weakening To 75 Against Dollar By End-2019
The currency fell to a two-week low of 71.04 against the dollar in early trade on Thursday, mimicking most Asian currencies
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Fitch Ups India's Growth Forecast To 7.8 Per Cent For FY19
In its Global Economic Outlook for financial year 2018-19, Fitch Ratings today upped India's growth forecast to 7.8 per cent from 7.4 per cent projected earlier, warned of headwinds to growth too
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KIIFB To Raise Rs 5,000 Crore From Masala Bonds
In order to fund large and critical infrastructure projects in the state, Kerala Infrastructure Investment Fund Board (KIIFB) plans to raise Rs. 5,000 crore through Masala Bonds
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RCom Falls Over 2% As Fitch Withdraws Ratings
The company's stock on Wednesday opened at Rs 11.10 and slumped 2.38 per cent to touch an intra-day low of Rs 11.07 on the BSE. Similar movement was seen on the NSE as well, where the stock opened at Rs 11.35, then fell 2.64 per cent to touch an intra-day low of Rs 11.05
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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, with $3 billion due to be injected in the 2017/18 and 2018/19 fiscal years
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Government's Help To Lenders Facing Bond Defaults A 'Moral Hazard': Fitch
The credit agency said the government was seeking to avoid a default that would disrupt markets and prevent other Indian lenders from raising capital from debt investors, but warned that was raising expectations the state would continue to bail out lenders in similar situations
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Canara Bank Hits Overseas Bond Market With $400 Million Issue
Foreign rating agency Moody's has assigned a Baa3 rating to the issue, which is on par with the sovereign rating since the bank is majority owned by the government
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‘Sebi's New Bond Rules To Reduce Corporates' Funding Sources’
Last week, the market regulator had said that foreign purchases of rupee-denominated corporate notes would only be permitted through auction
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GST To Be Revenue Nuetral In Short-term, Says Fitch
The newly-implemented goods and services tax will support productivity and boost the long-term growth prospects but is unlikely to increase tax revenue in the short-term, says a report by Fitch Ratings
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Fitch Rates NTPC With Stable Outlook
The agency said, “The outlook is stable. The agency has also affirmed NTPC's senior unsecured rating of 'BBB-', and the 'BBB-' ratings on its $4 billion medium-term note programme.”
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Fitch Maintains Stable Outlook For Power Finance Corporation
The rating agency also affirmed all PFC's senior unsecured outstanding issues and debt instruments at BBB-.
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Fitch Cuts Reliance Communications Junk Rating Even Further
Fitch Ratings downgraded Reliance Communications further into junk territory on Thursday, becoming the latest credit agency to cast doubt on the Indian mobile phone operator's ability to meet its heavy debts
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Three Years Of Modi Govt: Of Joblessness And Degrowth
Fitch Ratings recently retained its BBB- rating for India, the lowest among investment grade ratings
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India Making Concerted Push To Tackle Bad Loan: Fitch
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: Fitch Ratings
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Fitch Keeps India's Sovereign Rating Unchanged
Global rating agency Fitch Ratings has 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'
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