Page 8 - Fitch Ratings

Fitch places Future Retail on rating watch positive on sale to Reliance

Fitch Ratings has placed FRL's issuer default rating of C and the rating on its 500 million dollars 5.6% senior secured notes due in 2025 of C with a recovery rating of RR4 on rating watch positive

Indian private banks to gain market share from PSBs: Fitch Ratings

Indian private banks have had a decade of strong growth, reflected in much higher loan CAGR of 19.6%

Weak oil refining margins to put pressure on fuel retailers: Fitch Ratings

Fitch Ratings on Monday said state-owned oil refiners IOC, BPCL and HPCL may see longer than previously expected time to recover refining margins, increasing downside risks to their credit profiles.

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

India's steel demand expected to contract in FY21: Fitch Ratings

India's steel demand is expected to contract in FY21, Fitch Ratings said on Friday

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

Fitch cuts US credit outlook to 'negative' due to budget loss amid Covid-19

"There is a growing risk that US policymakers will not consolidate public finances sufficiently to stabilize public debt after the pandemic has passed," said the statement

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