The outlook is stable for Tata Motors Limited

Newsroom24x7 Desk Mumbai, Jan. 30: The consolidated profile of Tata Motors Limited (TML) is expected to remain strong over the medium term despite its large capex plans (FY14 Capex: INR 269bn) says Fitch Ratings. Fitch expects the capex to be funded largely from TML’s operational cash flows supported by the continuing sound operations of Jaguar Land… Read More The outlook is stable for Tata Motors Limited

Fitch Rates Bharat Petroleum’s US$ 2bn MTN Programme as ‘BBB-‘

Company’s net leverage to increase to around 5x over the next two to three years Singapore/Mumbai, Jan.28: Fitch Ratings has assigned a ‘BBB-‘ rating to India-based Bharat Petroleum Corporation Limited’s (BPCL; BBB-/Stable) USD2bn medium-term note programme. KEY RATING DRIVERS Strong Government Linkage: BPCL has very strong linkages – operationally and strategically – with its 54.9%… Read More Fitch Rates Bharat Petroleum’s US$ 2bn MTN Programme as ‘BBB-‘

Stable Ratings Performance in 4Q14 for Non-Japan Asia structured finance

Newsroom24x7 Desk Hong Kong, Jan. 15: Fitch Ratings today projected that structured finance (SF) transactions, backed by assets in Korea, India and Singapore are performing well against a background of stable economies. A total of 14 publicly rated tranches from non-Japan Asia structured finance (SF) transactions were affirmed in 4Q14 as underlying assets continued to… Read More Stable Ratings Performance in 4Q14 for Non-Japan Asia structured finance