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Economy Policy

Interest spreads for NBFIs have narrowed since mid-May and funding conditions have begun to improve

India's NBFI Liquidity And Asset-quality Risks Remain Elevated: Fitch

Banking & Finance

These risks revolve around liquidity and asset quality in particular and reflect the impact of the coronavirus pandemic on borrowers' repayment capabilities as well as the effects of the moratorium on collections

Asia Pacific telecoms on course for muted growth, 5G delays: Fitch

Asia Pacific telecoms on course for muted growth, 5G delays: Fitch

Asia Pacific Telecoms On Course For Muted Growth, 5G Delays: Fitch

We expect companies to manage balance-sheet strength through cost-cutting and capex management including delaying 5G capex and reducing dividends

Fitch Revises Indian GREs' And HPCL's Outlook To Negative, Affirms Idrs At BBB-Minus

The agency expects general government debt to jump to 84.5 per cent of GDP in FY21 from an estimated 71 per cent of GDP in FY20.

Fitch Revises Outlook On 9 Indian Banks' IDRs To Negative

They are Export-Import Bank of India (EXIM), State Bank of India, Bank of Baroda, Bank of Baroda (New Zealand) Ltd, Bank of India, Canara Bank, Punjab National Bank, ICICI Bank and Axis Bank.

A-Pac Banks Rating Actions Highlight Importance Of Sovereign Support: Fitch

Developed market (DM) ratings fared worse than EM ratings with negative rating actions comprising just over 65 per cent of actions taken on DM banking groups compared with about 48 per cent for EM.

Fitch Cuts India's Sovereign Rating Outlook To 'Negative'

Economy India

Fiscal metrics have deteriorated significantly and Fitch said it expects government debt to jump to 84.5% of GDP this year from 71% last year and sharply higher than the median 52.6% for other similar rated countries in 2020.

Fitch revises India's outlook to negative, affirms IDR at BBB-minus

Fitch revises India's outlook to negative, affirms IDR at BBB-minus

Credit Impact Of Delistings By Indian Corporates Uncertain: Fitch

Delistings also allow corporates to simplify or reorganise complex group structures without the interference of large minority investors.

Indian Banks' Balance Sheet Risks Rise With Increasing Lending Pressure: Fitch

Banking & Finance

Several of the state banks also have the added challenge of executing mergers and integrating other weaker banks.

Fitch Downgrades Ratings Of JSW Steel, Tata Steel With Negative Outlook

Economy

The Indian Steel Association has forecast an 8 per cent drop in domestic demand in FY21.

NBFI Support Measures Hinge On Execution: Fitch Ratings

Banking & Finance NBFC

Pandemic-related liquidity support measures to date have had limited success in improving funding conditions for the NBFI sector.

RBI's Mutual Fund Support Plan May Struggle To Be Effective: Fitch

Economy India

The Reserve Bank of India's (RBI's) Rs 50,000 crore Special Liquidity Facility for Mutual Funds (SLF-MF) will provide 90-day repo funding to banks

Fitch Warns India Against Further Deterioration In Fiscal Outlook