Page 5 - Fitch

Coronavirus impact: Fitch cuts banks' score of operating environment

Increasing challenges from the pandemic are expected to worsen an already difficult operating environment, Fitch said

Slowdown: Fitch cuts India GDP forecast for FY20 to 4.9% on weak demand

The GDP growth is forecast to recover slightly to 5.4 per cent in 2020-21 (April 2020 to March 2021)

Auto production to slide 8.3% in 2020; coronavirus may hit supply: Fitch

The agency said that it believes that the weak domestic demand for new vehicles will see India's vehicle production continue to contract in 2020

RBI may cut rates by 40 bps in FY21 as Budget did little for growth: Fitch

The RBI held its benchmark repurchase (repo) and reverse repo during its February 6 monetary policy meeting at 5.15 per cent and 4.90 per cent respectively

Global e-commerce players in India under pressure on policy changes: Fitch

While an e-commerce policy is still in the works, it is likely to take effect in March, Fitch Solutions said in a statement

Global iron ore production set for modest growth during 2019-2028: Research

Iron ore supply growth woul be primarily driven by India, Brazil where major miner Vale is set to expand output with its new mine

Top headlines: M&M's board rejig, Fitch lowers India GDP growth, and more

In a statement, the firm said Pawan Kumar Goenka has been re-appointed the managing director with additional responsibilities of CEO for a year

Declining domestic copper grades compel China to look overseas: Fitch

Meanwhile, China remains by far the largest global consumer of copper despite consumption faltering this year due to rising trade tensions with the US

Fitch lowers 2019 zinc price to $2,500 a tonne despite strong fundamentals

Ongoing US-China trade war weighing on prices even as production declines by 1.1% y-o-y in Jan-Jun, while consumption grows by 2.3% in the same period

India has limited room to ease fiscal policy due to high debt: Fitch

It said GDP (gross domestic product) growth is likely to rebound to 7.1 per cent next year

India's GDP growth rebound expected to be weaker: Fitch Solutions

India's real GDP growth slumped further in Q1 of FY2019/20 (AprilMarch) to 5 per cent year-on-year, from 5.8 per cent in Q4

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

Boeing's credit rating at risk because of 737 Max crisis, says Fitch

Max's grounding presents a significant public-relations challenge that will remain a risk for the company, says Fitch.

Budget 2019 lacks meaningful fiscal consolidation plan: Fitch Ratings

It further said some measures could weigh on growth over time, such as higher import duties on many products to 'provide a level playing field to domestic industry'

Credit growth expected to stay slow despite RBI's interest rate cut: Fitch

DHFL's debacle shows grave funding challenge to NBFCs

High govt support to banks to deal with stressed asset 'negative' : Fitch

Said note ban can boost govt revenue by moving economic activity from informal to formal sector

Rising NPAs to put pressure on bank ratings in 2017: Fitch

Noting that there has been a rapid build-up of private sector debt--both corporates as well as households-- in a number of APAC economies since 2009, the report said the resultant vulnerabilities will continue to be tested in 2017

Residential property sales to suffer 20-30% next year, says Fitch

Fitch expects leverage of 7 large developers to increase in 2017, from around 87% at March-end (FY16) and 82% at FY15

Eleven Indian banks risk breaching Basel III capital triggers: Fitch

The rating agency previously estimated that India's banks will need $90 billion in new capital to comply with the Basel III banking rules

Urjit Patel to institutionalise policy changes at RBI: Fitch

It said that low inflation will positively impact India's credit rating by improving investment climate