Page 12 - Fitch Ratings

Fitch assigns stable outlook to ReNew RG II's $525 million notes at BB

Fitch Ratings has assigned a stable outlook to ReNew RG II's $525 million senior secured notes due in 2024 and affirmed the rating at BB.

Fitch cuts India growth forecast to 10%, says vaccination to help revival

Rapid vaccination could support a sustainable revival in business and consumer confidence: Fitch

Fitch affirms Glenmark Pharmaceuticals at BB with a stable outlook

Fitch Ratings has affirmed Glenmark Pharmaceuticals Ltd's long-term issuer default rating at BB with a stable outlook

Fitch affirms gas utility GAIL India at BBB-minus with negative outlook

Fitch Ratings has affirmed GAIL India Ltd's long-term foreign-currency issuer default rating at BBB-minus with a negative outlook.

Fitch upgrades Reliance rating a notch above India's sovereign rating

Fitch Ratings has upgraded Reliance Industries Ltd's rating to 'BBB', one notch above India's sovereign rating, as the company benefits from cash flow generation across diversified business segments

Capex pace, receivables to drive ratings of Indian renewable holdcos: Fitch

Capex intensity and the pace of receivables collection from distribution companies will dictate ratings trajectory for Greenko Energy Holdings and ReNew Power, Fitch Ratings has said in a new report

Fitch Ratings affirms Adani Ports at 'BBB-'; outlook negative

About 56% of firm's cargo is sticky, which includes contractual take-or-pay cargo, or that which is unlikely to be diverted to other ports due to infra curbs

Top headlines: Jubilant FoodWorks Q4 net soars; Fitch downgrades APSEZ

Business Standard brings you the top news of the evening

Indian pharma companies' sales to rise after resilience in FY21: Fitch

Indian pharmaceutical companies' sales will grow robustly in the financial year ending March 2022 (FY22) as sales normalise in categories affected by the pandemic in previous year, Fitch Ratings said

India's bank privatisation may face hurdles amid Covid-19: Fitch

Political resistance; stress from pandemic may drag

Second Covid-19 wave impact manageable for most of India Inc: Fitch

'Weaker domestic demand is a key channel of risk transmission for businesses. However, lockdowns in 2021 have been less stringent,' says the rating agency

Indian cement makers' price hikes to support margins: Fitch Ratings

The recent price increases by India's cement companies will counter the higher energy costs: Fitch

Fitch affirms India's rating at 'BBB-'; outlook negative due to Covid surge

A resurgence in Covid-19 in the country has increased downside risks to growth

Fitch revises positive outlook on Future Retail Ltd, affirms rating at 'C'

Fitch Ratings has affirmed Future Retail Ltd's (FRL's) issuer default rating at 'C' and the rating on its USD500 million 5.6 per cent senior secured notes due 2025 at 'C'

Top headlines: Fitch warns banks over second Covid wave; Prince Philip dies

Business Standard brings you top news of the evening

Fitch upgrades India's GDP growth to 12.8% for FY22

Fitch said revision is on the back of 'a stronger carryover effect, a looser fiscal stance and better virus containment'

Progress on BPCL privatisation, but need for further clarity: Fitch Ratings

There is need for further clarity on the future of subsidies paid to BPCL customers on the sale of LPG, kerosene as well as the freedom on pricing of petrol, diesel before the divestment can conclude

Fitch affirms IIFL Finance's rating at 'B+'; outlook stable

Fitch sees sufficient headroom at the current rating to absorb further downside risk, says the ratings agency

Emerging markets bank support robust despite resolution regimes: Fitch

Government support for banks in emerging markets is unlikely to weaken materially despite greater adoption of bank resolution regimes, Fitch Ratings has said

Adani Ports credit profile unaffected by Gangavaram Port acquisition: Fitch

The company says the proportion of cargo from western and eastern coasts will shift to 60 percent and 40 percent respectively from 67 percent and 33 percent currently