Latest Articles in fitch ratings
India Auto Production To Shrink By 8.3% In 2020; Coronavirus Spread May Hit Supply Chain: Fitch
The agency said that it believes that the weak domestic demand for new vehicles will see India''s vehicle production continue to contract in 2020.
Read MoreBudget Targets Slide Amid Growth Slowdown: Fitch Ratings
Finance Minister Nirmala Sitharaman projected that the deficit will fall from 3.8 per cent of GDP in FY20 to 3.5 per cent in FY21.
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Fitch Cuts India GDP Growth Forecast To 4.6% in FY20
Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a strong medium-term growth outlook.
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Hong Kong's Role In Global Finance Intact Despite Unrest: Fitch Ratings
Fitch now expects the economy to shrink by 1.5 per cent in 2019 with tourism, retail, hotels and catering, and air transport among the sectors most severely hit.
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Indian Banks' Loan Write-offs To Continue: Fitch Ratings
The state-owned banks account for a dominant share (around 90 per cent) of impaired loan stock and have cumulatively written-off nearly 30 billion dollars in bad loans over the past three years.
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India's Credit Squeeze Pushes Growth To A Six-Year Low: Fitch Ratings
Weakness has been fairly broad-based, with both domestic spending and external demand losing momentum.
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Stimulus Package 'Too Little, Too Late' To Prevent Decline In Auto Sector: Fitch
Initial stimulus package is not enough to stop the decline in the automotive market, Fitch said.
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More Forced Lending To NBFCs Can Land Banks In Trouble: Fitch
Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.
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RBI First APAC Central Bank To Begin Interest Rate Easing Cycle: Fitch
Fitch has a 'BBB-', the lowest investment grade, rating on India, with a stable outlook.
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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.
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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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