Page 15 - Fitch Ratings

Covid-19 impact on GDP to be felt for years in advanced economies: Fitch

Huge uncertainties surround the economic outlook in aftermath of the massive shock in H1 2020

$6 bn capital raised by PSBS inadequate to safeguard against stress: Fitch

PSB divestment may trigger negative rating action

State-owned banks need more capital from govt to mitigate risks: Fitch

Fitch said state banks already face significant execution risks in raising equity due to depressed stock market valuations and weak investor interest

Fitch downgrades Future Retail's long-term rating to 'C' on missed coupon

The company has a 30-day grace period to meet its obligations; if it can't Fitch could downgrade its IDR and bond rating further

Fitch affirms IOC at 'BBB-', outlook negative on refining volume, margins

The rating assigned to IOC is equal to its largest shareholder, the state of India, Fitch said in a statement.

Liquidity and asset quality risks for Indian NBFI to continue, says Fitch

Risks due to impact of coronavirus pandemic on borrowers' repayment capabilities and the effects of the moratorium on collections, says ratings agency

Indian banks will need $15 billion capital to meet Tier I norms: Fitch

The amount could rise to about $58 billion in a high-stress situation where the domestic economy fails to recover from the coronavirus pandemic-related disruption.

Fitch slashes India's growth projection from 9.5% to 8% for FY22

It retained its projection of Indian economy contracting by 5 per cent in the current fiscal

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

However, credit risk remains manageable, reflecting the sector's resilience during the coronavirus pandemic

Fitch Ratings, CRISIL, SBI Research see India economy shrinking in FY21

CRISIL said it expected the current quarter's GDP to shrink 25 per cent year on year.

India's medium term fiscal outlook key for rating action: Thomas Rookmaaker

Fitch Ratings expect India's economic activity to contract by 5% in FY21 due to the strict lockdown measures imposed, before rebounding by 9.5% in FY22

Fitch revises Indian GREs', HPCL's outlook to negative; IDRs at BBB-minus

Fitch has also revised the outlook on Hindustan Petroleum Corporation to negative from stable and affirmed the long-term IDR at BBB-minus

Fitch revises outlook on 9 Indian banks' IDRs from stable to negative

Action follows change in outlook on India's rating

Fitch revises outlook on Airtel to negative from stable; affirms at 'BBB-'

Fitch, last week, lowered India's sovereign rating outlook to 'negative' from 'stable', saying the coronavirus pandemic has significantly weakened the country's growth outlook

Fitch downgrades India's sovereign credit rating outlook to negative

Retains ratings at lowest investment grade

Top headlines: Saudi fund buys stake in RIL arm, Fitch cuts India ratings

Reliance has sold almost 25 per cent of equity in Jio Platforms since April. Read about that story and more in our morning news wrap.

Here are the rating agencies' forecasts on India in the last 2 months

Amid the coronavirus pandemic, the pace of credit rating downgrades has accelerated with average monthly downgrades increasing by 22 per cent in the past few months, ICRA said in a report

Top headlines: Fitch revises India's rating, employment for migrant workers

From AGR dues to employment for migrant workers, Business Standard brings to you the top headlines of the day

Fitch revises India's rating: A third view which is different yet again?

Fitch has used the pandemic impact to comment on lower growth for India, which can be -5 per cent this year due to the lockdown and its effects

Fitch revises India's sovereign rating outlook to negative from stable

Retains ratings at lowest investment grade