fitch ratings - Latest News, Analysis, Opinion

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

Fitch Cuts India Growth Forecast For FY20 To 6.8% On Weak Momentum

Fitch Ratings cut India's FY19 GDP growth forecast to 7.2 per cent from 7.8 per cent on December 6.

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

Fitch Ups India's Growth Forecast To 7.8 Per Cent For FY19

Economy

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

KIIFB To Raise Rs 5,000 Crore From Masala Bonds

Economy

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

RCom Falls Over 2% As Fitch Withdraws Ratings

Companies & Markets Sector Reports Telecom Services

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

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

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

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

‘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

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

Fitch Rates NTPC With Stable Outlook

Banking & Finance Regulations

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.”

Fitch Maintains Stable Outlook For Power Finance Corporation

Energy & Infra Power

The rating agency also affirmed all PFC's senior unsecured outstanding issues and debt instruments at BBB-.

Fitch Cuts Reliance Communications Junk Rating Even Further