Page 10 - Fitch Ratings

Oil and gas price hike supports upstream profitability of producers: Fitch

The more than doubling of natural gas prices and rise in oil prices will boost the profitability of oil and gas producers like ONGC and Reliance Industries Ltd, Fitch Ratings said on Tuesday

Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices

The rating agency said post-pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation

Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices

The rating agency said post-pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation

Fitch slashes FY23 India growth forecast to 8.5% on high energy prices

Rating agency Fitch on Tuesday slashed India's growth forecast for the next fiscal to 8.5 per cent from 10.3 per cent, citing sharply high energy prices on account of the Russia-Ukraine war. With the Omicron wave subsiding quickly, containment measures have been scaled back, setting the stage for a pick-up in GDP growth momentum in the June quarter this year, the agency said. It has revised upwards the GDP growth forecast for the current fiscal by 0.6 percentage points to 8.7 per cent. "However, we have lowered our growth forecast for FY 2022-2023 to 8.5 per cent (-1.8 pp) on sharply higher energy prices," Fitch said while revising up its inflation forecasts. In its Global economic Outlook-March 2022, Fitch said the post-COVID-19 pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation. "The war in Ukraine and economic sanctions on Russia have put global energy supplies at risk. Sanctions seem unlikely to be rescinded a

Moderate asset quality pressure may re-emerge for banks: Fitch

Moderate pressures on asset quality of Indian banks may re-emerge as forbearance starts to unwind from 2023, Fitch Ratings said on Friday

Fitch cuts Russia's rating further into junk, says debt default is imminent

Fitch on Tuesday downgraded Russia's sovereign rating by six notches further into the junk territory to 'C' from 'B'

Top headlines: US bans Russian crude import; India evacuates students

International rating agency Fitch Ratings has downgraded Russia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'C' from 'B'

Fitch downgrades Russia's long-term foreign-currency issuer rating to 'C'

International rating agency Fitch Ratings said it has downgraded Russia's long-term foreign-currency issuer default rating to 'C' from 'B'.

Fitch Ratings stops commercial operations in Russia with immediate effect

Fitch became the 2nd major credit rating firm to suspend its commercial operations in Russia with immediate effect on Monday, saying its analysts outside the country would provide its coverage instead

Russia cut to 'junk' by Moody's, Fitch; tanks roll into Kherson

Moody's cut Russia's ratings to B3 from Baa3, with the ratings company saying there may be further cuts

Moody's ups India's FY23 growth forecast to 8.4%; Fitch maintains 10.3%

Had predicted 7.9%; says oil & supply could spoil party

Uncertainties remain around India's medium-term debt trajectory: Fitch

Fitch Ratings said India's economy is rapidly recovering from the pandemic but uncertainties remain around its medium-term debt trajectory.

Fitch affirms Power Grid Corporation's 'BBB-' rating, outlook 'negative'

The Fitch ratings on Power Grid Corporation of India Ltd are constrained by the credit profile of the India sovereign (BBB-/negative), which owns 51.34 per cent of the company

Little fiscal headroom for govt to respond to future shocks: Fitch

Rating agency says it revised Outlook on India's rating to Negative from Stable in June 2020, partly due to its assumptions about pandemic impact on public finance metrics

India's fuel demand will continue to recover through this quarter: Fitch

India's fuel demand will continue to recover through the current quarter as the easing of Covid-19 pandemic-related restrictions boosts economic activity, Fitch Ratings said on Monday

Rising Covid cases may add to asset quality risks of NBFIs: Fitch

Fitch Ratings on Friday said the rising COVID cases may delay recovery in MSME and microfinance lending, and add to asset quality risks of non-banking financial institutions.

Fitch downgrades Sri Lanka's sovereign rating to 'CC' from 'CCC'

Fitch has downgraded Sri Lanka's sovereign rating to 'CC' from 'CCC', saying there is an increased probability of a default in coming months.

Evergrande, Kaisa rated 'restricted default' by Fitch after missed payment

Cross defaults triggered for both companies, says rating agency

Fitch raises outlook for India auto loans to 'neutral' from 'deteriorating'

Economic recovery supports stable asset performance

Top headlines: Farmers call off protest; WHO advisory on booster shots

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