Sovereign support to recede for APAC Developed Market Banks

Newsroom24x7 Staff Hong Kong/Singapore: Fitch Ratings says it expects government support for major systemic banks in APAC’s developed markets to wane. That is in line with a broader global trend as authorities seek to implement credible resolution regimes that would let creditors participate in losses should the banks fail. Fitch has revised downward the Hong Kong Banks’… Read More Sovereign support to recede for APAC Developed Market Banks

Outlook stable for India’s EXIM and HUDCO

Newsroom24x7 Desk Singapore/Mumbai: Fitch Ratings has affirmed the ratings of Export-Import Bank of India (EXIM) and Housing and Urban Development Corporation Ltd (HUDCO) at ‘BBB-‘ and described as Stable the Outlooks on the ratings of the two policy institutions. The Key Rating Drivers used by Fitch to affirm the ratings of EXIM and HUDCO are –… Read More Outlook stable for India’s EXIM and HUDCO

Indian telecoms auction to witness intense bidding

Newsroom24x7 Desk The Indian telecoms auction starting today is likely to see intense bidding by telcos to retain their existing spectrum and to acquire new spectrum as supply is limited, says Fitch Ratings. Telcos, according to Fitch, are likely to commit at least USD 13bn in the auctions – over 75% of which is likely… Read More Indian telecoms auction to witness intense bidding