Page 10 - Fitch Ratings

Fitch affirms Axis Bank's IDR at BB-plus with stable outlook, downgrades VR

Fitch has cut its forecast for India's GDP growth in the financial year ending March 2021 (FY21) to 0.8 per cent from a pre-pandemic forecast of 5.1 per cent

Fitch downgrades viability rating for four banks on Covid-19 impact

Affirms Issuer Default Ratings for seven banks including these four and Bank of India, Canara and PNB

Fitch fears more 'gating' in debt schemes if RBI plan doesn't take-off

Banks may look at conserving capital, with asset quality concerns rising amid Coronavirus-induced lockdown

Rating downgrade by Moody's, negative outlook by Fitch likely, warns Nomura

India's Achilles heel on ratings, according to Nomura, is its parlous state of fiscal affairs

Best of BS Opinion: Fiscal outlook under pressure, Covid-19 crisis and more

Here's a selection of Business Standard opinion pieces of the day

India's rating could come under pressure if fiscal outlook worsens: Fitch

Fitch had in December 2019 reaffirmed India's 'BBB-' rating with a stable outlook

Fitch Ratings sees India growth dipping to 0.8% in FY21 from estimated 4.9%

The rating agency predicted two consecutive quarters of contraction or negative year-on-year growth in current fiscal -- (-)0.2 per cent in April-June and (-)0.1 per cent in July-September

Covid-19 impact: Fitch slashes India's GDP forecast to below 1% for FY21

Mexico, Brazil, Russia, South Africa and Turkey have all seen big GDP forecast adjustments

Credit profile of Indian power utilities likely to remain steady: Fitch

This is despite cash collection delays amid Covid-19 pandemic, as favourable regulatory frameworks ensure stable operating profits, rating agency says

Covid-19 impact: S&P slashes India's FY21 growth forecast to 1.8%

S&P expects India's growth to bounce back in FY22

Fitch downgrades Tata Motors to 'B' on Covid-19 impact; outlook negative

Agency says Covid-19 will disrupt firms Indian operations and also impact key auto markets globally that are served through its UK-based arm, Jaguar Land Rover

Fitch slashes India growth forecast to 30-year low of 2% for FY21

On March 20, Fitch had projected India's GDP growth for 2020-21 at 5.1 per cent, lower than 5.6 per cent estimated in December 2019

Questions about borrowing

The funding need can change materially

Coronavirus impact: Nomura lowers 2020 GDP growth forecast to -0.5%

"We expect growth to slide from 4.7 per cent YoY in Q4CY19 to 3.1 per cent in Q1CY20 and fall to -6.1 per cent in Q2CY20," said Sonal Varma, MD and chief India economist at Nomura.

Covid-19 crushing GDP growth, world moving towards recession: Fitch Ratings

Falling GDP in China is virtually unprecedented and, in the near term at least, these numbers look worse than most previous hypothetical 'hard-landing' scenarios

Coronavirus impact: Fitch cuts India growth forecast to 5.1% for FY21

The difficulties facing the Indian economy have been exacerbated by Yes Bank failure, it said

Top headlines: S&P cuts India's growth forecast; updates on Covid-19 cases

From RBI considering relaxing bad loan rules to DoT's appeal for AGR relief to telcos, Business Standard brings to you the top headlines of the day

RBI may cut key interest rates by 175 bps in FY21 to tackle slowdown: Fitch

It forecast India's real GDP growth to pick up slightly to 5.4 per cent in 2020-21, from its estimate of 4.9 per cent in the current fiscal.

Crisis at YES Bank highlights governance risk in banking sector: Fitch

The central bank's takeover of Yes Bank appears intended to restore depositor confidence

Fitch removes Bharti Airtel from 'Watch Negative', affirms 'Stable' outlook

Bharti has already paid Rs 10,000 crore towards AGR payments