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- and Local-Currency IDRs are affirmed at ‘F3’. –Fitch Ratings Hong Kong: On India’s sovereign ratings balance, Fitch Ratings has affirmed a strong medium-term growth outlook… Read More India’s sovereign ratings balance: Fitch points to weak fiscal position and difficult business environment

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 appears to have had a negative impact on Indian auto-loan repayments, based on collection reports from Fitch-rated securitisation transactions. Small auto-loan borrowers have been affected… Read More Indian small auto borrowers face more short-term pressure

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. SBI is likely to receive around USD835 million in new capital from the government shortly (of the total USD1.1 billion earmarked for FY17; around 5%… Read More SBI’s core capitalisation to improve in the financial year ending-March 2017