Newsroom24x7 Network Mumbai: Fitch maintains a negative sector outlook on Indian banks, to reflect the ongoing struggle of state banks with weak core capitalisation amid rising macro headwinds and poor profitability. Indian […]
Newsroom24x7 Network Hong Kong/Singapore/Mumbai: Indian Rupee has depreciated by around 9% against the US dollar since the start of 2018, making it the worst-performing major currency in Asia, according to Fitch. Fitch […]
Newsroom24x7 Network Hong Kong/Singapore: Rising fuel prices could strain India’s commercial vehicle operators and lead to a rise in auto-loan delinquencies, says Fitch Ratings. That said, the upbeat economic outlook suggests operators […]
Newsroom24x7 Network Singapore: Fitch Ratings has placed Punjab National Bank’s (PNB) Viability Rating of ‘bb’ on Rating Watch Negative (RWN), following the large fraud reported by PNB. Fitch will resolve the Rating […]
Newsroom24x7 Network Mumbai/Singapore: Indian banks are likely to require around USD65 billion of additional capital to meet new Basel III capital standards that will be fully implemented by the financial year ending […]
Newsroom24x7 Network About 24% of households in India are yet to be electrified. Sporadic outages continue to plague the country. New Delhi: Though the overall coal-fired plant load factor (PLF) in India […]
Newsroom24x7 Network Singapore/Hong Kong: Fitch Ratings has downgraded India-based Reliance Communications Limited’s (Rcom) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘CCC’ from ‘B+’. Fitch has also downgraded the rating on […]
Newsroom24x7 Network India’s Long-Term Foreign- and Local-Currency Issuer Default Ratings is affirmed at ‘BBB-‘. The Outlooks are Stable. The Country Ceiling is also affirmed at ‘BBB-‘ and the Short-Term Foreign- and Local-Currency […]
Newsroom24x7 Desk Demonetisation has disrupted economic activity – particularly in the informal sector – and is likely to have hit borrowers’ incomes. — Fitch Ratings Hong Kong/Singapore: Demonetisation appears to […]
Newsroom24x7 Staff Singapore/Mumbai: Fitch Ratings expects SBI’s core capitalisation to improve in the financial year ending-March 2017 (FY17), from a core equity Tier 1 ratio of 10.3% at end-September 2016. SBI is […]
Thoughts on several sovereign-related developments in India. Straight talk by Thomas Rookmaaker, Director, Asia-Pacific Sovereigns Group, Fitch Rating Dr. Urjit Patel taking over as the next governor of central bank. As a rating […]
Newsroom24x7 Staff Singapore: Fitch Ratings says in a Special Report published today that the voluntary rehabilitation scheme of India’s central government – Ujwal Discom Assurance Yojana (UDAY) – for financial and operational […]
Newsroom24x7 Desk Singapore/Mumbai: The recent issuance of the first offshore masala bonds by Indian companies could pave the way for a broader opening and development of the market, says Fitch Ratings. This […]
Newsroom24x7 Desk Singapore/Hong Kong: Maritime disputes in the South China Sea underscore the growing importance of geopolitics in shaping the international policy agenda of countries in the Asia Pacific. Fitch Ratings believes […]
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