Page 5 - Fitch Ratings

Fitch Ratings cuts China's growth forecast to 8.1% on property curbs

It added that the economic slowdown has already prompted a recalibration of macroeconomic policy settings

India's fuel ethanol consumption to rise to meet E20 target: Fitch

Fitch Solutions said on that India's ethanol consumption will increase over the next few years, driven primarily by the government's desire to support the sugar sector by boosting ethanol production

Climate change: Water risks highest in Asia, says Moody's report

The Moody's report said risks are more pronounced for water-intensive sectors like mining, agriculture and power

Fitch rates Power Finance Corporation's proposed EUR green bond BBB-minus

Fitch Ratings has assigned Power Finance Corporation's (PFC's) proposed Regulation S senior unsecured euro green bond a rating of BBB-minus.

Indian banks' improved performance in contrast to stress from Covid: Fitch

Indian banks' improved performance for the financial year ended March 2021 is in contrast to the stress evident from extension of Covid-19-related relief measures to borrowers, Fitch Ratings has said.

Fitch says BPCL privatisation may get delayed for multiple reasons

Bidders are conducting due diligence, but uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays, says the ratings agency

Bharti Airtel's equity issuance to aid deleveraging, fund 5G capex: Fitch

Bharti will raise equity in three tranches, a quarter of the proceeds to be received upfront and the balance in two instalments within three years

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