Page 6 - Fitch
Pandemic-driven reform agenda can raise India's medium-term growth: Fitch
For the current fiscal, Fitch Ratings has projected a 10.5 per cent contraction in Indian economy
 "Pandemic-driven reform agenda can raise India's medium-term growth: Fitch")
Fiscal deficit may hit 8% of FY21 GDP on additional govt borrowing: Experts
The development comes at a time when the economy is limping back to normalcy after a stringent lockdown that lasted over two months
 "Fiscal deficit may hit 8% of FY21 GDP on additional govt borrowing: Experts")
Fitch says BPCL privatisation is 'event risk' over little info on bidders
Fitch Ratings said the potential privatisation of BPCL is an "event risk" as there is little information about bidders and potential transaction structure
 "Fitch says BPCL privatisation is 'event risk' over little info on bidders")
Top headlines: EPFO to pay in instalments, Silver Lake to invest in RIL
Business Standard brings you the top headlines of the day
 "Top headlines: EPFO to pay in instalments, Silver Lake to invest in RIL")
Private banks likely to gain market share from state-owners peers: Fitch
Fitch Ratings said private sector banks, with stronger loss-absorption buffers, are likely to gain market share from their state-owned peers in the medium term
 "Private banks likely to gain market share from state-owners peers: Fitch")
Indian automakers' demand outlook cloudy despite respite in July: Fitch
The pandemic has also reduced the availability of financing as lenders exercise caution, particularly to weaker borrowers that form a significant customer base for CVs
 "Indian automakers' demand outlook cloudy despite respite in July: Fitch")
Bahrain gets first rating downgrade in 2 years, says need more Gulf aid
Fitch on Friday cut Bahrain's sovereign rating one step to B+, leaving it four levels below investment grade
 "Bahrain gets first rating downgrade in 2 years, says need more Gulf aid")
Debt recast may reduce transparency, hinder capital raising: Fitch
Private investors may be reluctant to participate in sale of stakes in state-owned lenders until impact of pandemic on their balance sheets is clear, agency says
 "Debt recast may reduce transparency, hinder capital raising: Fitch")
Fitch affirms Indian Oil Corporation at BBB-minus with negative outlook
The agency has also affirmed IOC's senior unsecured rating and the ratings on its outstanding senior unsecured debt at BBB-minus
 "Fitch affirms Indian Oil Corporation at BBB-minus with negative outlook")
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 9 Indian banks' IDRs from stable to negative")
Covid-19: India's biggest single-day jump, steroid dexamethasone approved
The World Health Organisation welcomed the UK's low-cost steroid, dexamethasone, after its successful trial
 "Covid-19: India's biggest single-day jump, steroid dexamethasone approved")
Delisting may create governance issues in companies, warns Fitch
Corporates can also simplify or reorganise complex group structures without the interference of minority shareholders through such moves, the agency said
 "Delisting may create governance issues in companies, warns Fitch")
Covid-19 impact: Moody's cuts rating for SBI, HDFC Bank to 'Baa3'
After India downgrade, agency reduces long-term deposit ratings of 11 banks
 "Covid-19 impact: Moody's cuts rating for SBI, HDFC Bank to 'Baa3'")
After Fitch and CRISIL, S&P projects Indian economy to contract 5% in FY21
New cases have been averaging more than 6,000 a day over the past week as authorities begin easing stringent lockdown restrictions gradually to prevent economic costs from blowing out further
 "After Fitch and CRISIL, S&P projects Indian economy to contract 5% in FY21")
Market Ahead, May 27: All you need to know before the opening bell
Today, a total of 21 companies, including Dabur India, Sun Pharma, and United Spirits are scheduled to announce their results.
 "Market Ahead, May 27: All you need to know before the opening bell")
Fitch forecasts 5% contraction of Indian economy over slump, lockdown
Fitch said it has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO) for May, but the slump in global economic activity is close to reaching its trough
Fitch highlights India's two big challenges in fight against coronavirus
The significant inefficiency, dysfunctioning and acute shortage of the healthcare delivery systems in the public sector do not match up with the growing needs of the population, says the report
 "Fitch highlights India's two big challenges in fight against coronavirus")
RBI's liquidity support for MFs may struggle to be effective: Fitch
The size of the SLF-MF appears broadly commensurate with the scale of the funds most at risk, Fitch notes
 "RBI's liquidity support for MFs may struggle to be effective: Fitch")
Market Ahead, April 29: Top Factors That Could Guide Markets Today
Moody's Investors Service has slashed India's growth forecast for calendar year 2020 to 0.2 per cent, from 2.5 per cent projected in March
World coronavirus dispatch: US firms slashing costs; salary cuts at Disney
From Spain's death toll dropping, to Branson saying his airlines would go bust without govt support, and how using masks is altering the way we communicate - read these and more in today's dispatch
 "World coronavirus dispatch: US firms slashing costs; salary cuts at Disney")
