Fitch Rating

Fitch says, two Adani entities facing 'heightened contagion risks'

(Reuters) -Ratings agency Fitch said two Adani Group subsidiaries were exposed to "heightened contagion risks", possibly affecting their financial flexibility

No immediate impact from Hindenburg on Adani firms' credit profiles: Fitch

Rating agency will be monitoring group firms closely for major changes in their access to finance, the cost of financing, regulatory/legal developments and ESG-related matters

TCS revenue growth likely to slow down in FY24, says Fitch Ratings

After strong 3QFY23 results, TCS NSE 0.19 % (TCS NSE 0.19 %) revenue growth is likely to slow in financial year ending March 2024 (FY24) amid the global economic slowdown, according to Fitch Ratings

Indian commercial vehicle sector to log volume growth: Fitch Ratings

The CV sector will register mid-to-high teens over the next couple of years, said Fitch Ratings in a report

Risk to India's sovereign rating from external pressures limited: Fitch

Country relatively insulated from volatility due to limited reliance on external financing, says rating agency

Fitch affirms Bank of Baroda, subsidiary at 'BBB-' with stable outlook

Action factors in a high likelihood of sovereign support to the public sector lender; rating agency says profitability to rise further; high loan growth to resume

Fitch affirms Bangladesh's issuer default rating at 'BB-'; outlook stable

The rating reflects Bangladesh's strong growth prospects, government debt that is below the 'BB' median and a manageable external debt repayment profile

Fitch cuts India FY23 GDP growth forecast to 7%; world GDP growth at 2.4%

At a more macro level, Fitch now expects world GDP to grow by 2.4 per cent in 2022 - revised down by 0.5 percentage points (ppt) since the June assessment

Fitch affirms rating for 4 NBFCs, maintains stable outlook for all

The financial condition of Shriram Transport Finance, Muthoot Finance, Manappuram Finance and IIFL Finance is satisfactory, says agency

Fitch downgrades Jubilant Pharma to "BB-" indicating higher default risk

Rating agency foresees firm's financial leverage worsening as a rise in capex will coincide with lower profitability

Utility vehicles' share in sales expected to rise steadily: Fitch Ratingss

Share of utility vehicles in car sales expected to be on an upward trajectory amid growing popularity of such vehicles and automakers' reduced focus on compact hatchbacks owing to rising production

Relief to only postpone financial stress from India's Covid surge: Fitch

There are growing indications that India's latest wave of Covid-19 infections will add to risks among financial institutions by sapping near-term momentum from the economic recovery

Coronavirus updates: Delhi second most-affected state; drug for patients

Donald Trump may announce foreign workers' visa restrictions today, protect Americans struggling with a job market devastated by the coronavirus pandemic

JSW Steel says Fitch revises outlook on company to negative from stable

The revision of the outlook reflects the risks in the company's ability to deleverage and generate positive free cash flow because of the various challenges in the Indian market

Fitch raises India's FY20 fiscal deficit to 3.6% of GDP on sluggish growth

Fitch said it was revising the fiscal deficit forecast as revenue collection is likely to fall far short of the projections in the FY20 Union Budget due to weak GST collections

Fitch too downgrades Macrotech Developers on low liquidity concerns

Fitch said the risks around Macrotech's ability to meet domestic debt maturities of Rs 2,000 crore, Rs 5,000 crore, and Rs 4,600 crore in FY20, FY21, and FY22, respectively, are rising

Increased forced lending to NBFCs can land banks in trouble: Fitch report

NBFC disbursements have declined steeply as a result, with knock-on effects to other sectors, particularly consumption

Fitch downgrades PNB's viability rating two notches as key ratio plunges

Decline in bank's core capitalisation was due to sharp spike in bad loans, including $2.2 bn in fraudulent deals reported in Feb, and related increase in credit costs

India pitching for sovereign rating upgrade to Fitch: FinMin official

Fitch has a BBB-, the lowest investment grade sovereign rating on India, with a stable outlook

India's concerted push to tackle bad loans to impinge bank profits: Fitch

Banks are said to be straddled with stressed assets worth up to Rs 12 lakh cr