US-China Trade War Escalation Could Knock 0.4pp Off World GDP by 2020: Fitch Ratings
Newsroom24x7 Network The imposition by the US of 25% tariffs on the remaining USD300 billion of imports from China would reduce world economic output by 0.4pp in 2020, Fitch Ratings […]
Fitch downgrades long-term default and viability rating of ICICI and Axis banks
Newsroom24x7 Network Mumbai: Fitch Ratings has downgraded ICICI Bank Limited’s Long-Term Issuer Default Rating (IDR) to ‘BB+’ from ‘BBB-‘ and its Viability Rating to ‘bb+’ from ‘bbb-‘. The Outlook on […]
Indian OMCs to continue to be affected by soft margins, Capex
Newsroom24x7 Network Singapore/Mumbai: The financial profiles of India’s three oil-marketing companies (OMCs) – Bharat Petroleum Corporation Limited (BPCL; BBB-/Stable), Indian Oil Corporation Ltd (IOC; BBB-/Stable) and Hindustan Petroleum Corporation Limited […]
Indian banks reflect weak core capitalisation and poor profitability
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 […]
Indian Rupee becomes the worst-performing major currency in Asia
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 […]
Rising fuel prices pose India Auto-loan delinquency risks: Fitch Ratings
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 […]
Fitch places PNB’s Viability Rating on Rating Watch Negative
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 […]
Indian banks face USD65 billion capital shortage by FYE19
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 […]
Coal-fired plant load factor in India falls by 2.1 percent point in the first half of 2017
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) […]
Fitch downgrades Reliance Communications Limited’s Default Ratings
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 […]
India’s sovereign ratings balance: Fitch points to weak fiscal position and difficult business environment
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- […]
Indian small auto borrowers face more short-term pressure
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 […]
SBI’s core capitalisation to improve in the financial year ending-March 2017
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. […]
Low inflation will improve investment climate
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 […]
India Discom Reforms – Promising start, but efficiency gains key
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 […]
Masala Bonds to Facilitate Indian Funding Diversification
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 […]
