Page 11 - Fitch Ratings

Fitch Ratings cut India's FY22 economic growth forecast to 8.4%

It raised GDP growth projections to 10.3 per cent, from the earlier expected 10 per cent for the next fiscal year (2022-23)

Turkish lira weakens after Fitch downgrades outlook to 'negative'

The currency slumped to an all-time low 14.0 this week after President Tayyip Erdogan defended the low-rate economic policy.

Axis Bank stock gains after Fitch affirms rating at 'BB+'

The ratings agency has maintained 'Negative' on the bank's long-term IDR

Fitch affirms Bharti Airtel at 'BBB-'; outlook negative

Fitch has also affirmed Bharti Airtel International (Netherlands) BV's senior unsecured guaranteed bonds at 'BBB-' and Network i2i Limited's subordinated perpetual bond at 'BB'

Rating assessment of India focused on medium-term debt trajectory: Fitch

"We view the persistent level of core inflation and energy price developments, along with global price pressures, as carrying upside risk for our inflation outlook," said Zook,.

Experts analyse Sebi IPO rules, Fitch outlook and their impact on markets

Sebi has proposed tighter rules around the use of IPO proceeds. And, Fitch Ratings has retained India's ratings at the lowest investment grade. How will these impact the primary market? Let's find out

LIVE: ED chief gets one-year tenure extension till November 18, 2022

This, days after the Centre brought ordinances to allow ED and CBI directors to occupy the office up to five years

Fitch's rating disappointing but investors see future in India, its reforms

India's economy can expect a minimum rating of A given that all debt is in rupees and there is no external risk posed.

Fitch refuses to do a Moody's, retains India's outlook at negative

Also retains ratings at the lowest investment grade

China developer Modern Land fails to repay $250-million bond

Fitch Ratings downgraded Modern Land to restricted default from C late Tuesday following the payment miss

Does India have a case for the upgrade it seeks from rating agencies?

The economy is yet to reach pre-pandemic level on many fronts, fiscal deficit and debt-to-GDP ratio remain pain points; however, key reforms could work in the country's favour

Fitch cuts GDP growth projections to 8.7% for FY22 from 10% earlier

A day ahead of policy review, it expects RBI to hold policy rates during FY22

Fitch cuts India's FY22 GDP forecast to 8.7%, but pegs FY23 growth at 10%

Fitch Ratings said India''s 'BBB-/Negative' sovereign rating 'balances a still-strong medium-term growth outlook and external resilience from solid foreign against high public debt, a weak financial

Fitch Ratings cuts China's growth forecast to 8.1% on property curbs

It added that the economic slowdown has already prompted a recalibration of macroeconomic policy settings

India's fuel ethanol consumption to rise to meet E20 target: Fitch

Fitch Solutions said on that India's ethanol consumption will increase over the next few years, driven primarily by the government's desire to support the sugar sector by boosting ethanol production

Climate change: Water risks highest in Asia, says Moody's report

The Moody's report said risks are more pronounced for water-intensive sectors like mining, agriculture and power

Fitch rates Power Finance Corporation's proposed EUR green bond BBB-minus

Fitch Ratings has assigned Power Finance Corporation's (PFC's) proposed Regulation S senior unsecured euro green bond a rating of BBB-minus.

Indian banks' improved performance in contrast to stress from Covid: Fitch

Indian banks' improved performance for the financial year ended March 2021 is in contrast to the stress evident from extension of Covid-19-related relief measures to borrowers, Fitch Ratings has said.

Fitch says BPCL privatisation may get delayed for multiple reasons

Bidders are conducting due diligence, but uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays, says the ratings agency

Bharti Airtel's equity issuance to aid deleveraging, fund 5G capex: Fitch

Bharti will raise equity in three tranches, a quarter of the proceeds to be received upfront and the balance in two instalments within three years