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  Fitch retains India's FY2024 growth forecast at 6.3%, raises year-end inflation projection

  Business | September 14, 2023 21:54 IST

  India's economy experienced robust growth of 7.8% in the April-June quarter of the current fiscal year, driven by strong activity in the services sector and robust demand.

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  Fitch downgrades US credit rating: What are these ratings? How do they impact economy?

  Business | August 03, 2023 13:41 IST

  The ratings of Fitch, one of the three credit rating agencies along with Moody's and Standard & Poor's, impacts the economy of a nation as investors and top companies take them as one of the major factors in taking investment-related decision.

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  Fitch Ratings affirms India's sovereign rating at 'BBB-', with stable outlook

  India | December 21, 2022 6:13 IST

  Fitch ratings has affirmed India's sovereign rating at 'BBB-', with stable outlook. More to follow

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  Fitch slashes India's FY23 GDP growth forecast to 7% on slowing global economy, rising interest cost

  Business | September 15, 2022 17:02 IST

  The rating agency said inflation moderated in August as crude oil prices eased but the risk to food inflation persists given negative seasonality towards the end of this year.

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  Fitch expects RBI to raise interest rates to 5.9% by December-end to tide over inflation

  Business | June 14, 2022 13:54 IST

  Last month in an unscheduled policy announcement, the Reserve Bank of India (RBI) raised rates by 40 basis points to 4.4 per cent, and subsequently to 4.9 per cent last week.

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  Fitch revises India rating outlook to 'Stable' from 'Negative'

  Business | June 10, 2022 14:09 IST

  "The Outlook revision reflects our view that downside risks to medium-term growth have diminished due to India's rapid economic recovery and easing financial sector weaknesses, despite near-term headwinds from the global commodity price shock," the ratings said.

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  Fitch slashes FY23 India growth forecast to 8.5 pc on high energy prices

  Business | March 22, 2022 10:16 IST

  In its Global economic Outlook-March 2022, Fitch said the post-COVID-19 pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation.

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  Reliance's proposed business reorganisation credit neutral: Fitch

  Business | February 23, 2021 19:26 IST

  The proposed reorganisation plan by Reliance Industries Ltd to transfer its refining, marketing and petrochemical (oil-to-chemicals) businesses to a wholly-owned subsidiary is a step towards facilitating participation by strategic investors in the unit, Fitch Ratings said on Tuesday. 

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  India's GDP to expand by 11% in 2021-22 after falling by 9.4%: Fitch

  Business | January 14, 2021 10:39 IST

  Fitch said India's coronavirus-induced recession has been among the most severe in the world, amid a stringent lockdown and limited direct fiscal support.

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  Fitch revises India GDP forecast, sees contraction at 9.4 pc

  Business | December 08, 2020 10:38 IST

  In September, Fitch had sharply lowered its forecast for India's gross domestic product (GDP) to a contraction of 10.5 per cent in current fiscal 2020-21 (FY21) versus its previous estimate of 5 per cent contraction.

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  Fitch expects marketing, refining volume of oil firms to fall 15% in FY21

  Business | October 15, 2020 15:01 IST

  With coronavirus lockdowns pummelling fuel demand in India, Fitch Ratings expects the marketing and refining volume of state-owned oil firms to fall by more than 15 per cent in the current fiscal year before a gradual recovery in 2021-22.

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  Dues payment over 10 years not enough to aid VIL; expect market gains for Airtel, Jio: Fitch

  Business | September 08, 2020 14:55 IST

  The Supreme Court's decision to allow telcos to pay outstanding dues over 10 years will not be enough to help Vodafone Idea to stabilise its position, while Jio and Airtel are expected to strengthen their market shares through subscriber gains, Fitch Ratings has said. It further said another tariff hike of at least 20 per cent is probable in the next 12 months.

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  NBFI recovery unlikely in near-term: Fitch Ratings

  Business | July 13, 2020 16:26 IST

  Fitch Ratings on Monday said recovery of non-banking financial institutions (NBFIs) in near-term is not probable as the sector continues to wrestle with the fallout from the COVID-19 pandemic. 

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  Fitch upgrades Reliance Industries' rating

  Business | June 25, 2020 19:50 IST

  Fitch Ratings on Thursday said it has upgraded Reliance Industries Ltd's rating to 'BBB+' from 'BBB' as the company's financial profile has improved following sale of nearly 25 per cent stake in Jio and Rs 53,124 crore equity raise.

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  Auto volumes likely to recover partially in H2 FY21: Fitch

  Business | June 23, 2020 20:38 IST

  Auto volumes are expected to recover partly in the second half of the ongoing financial year as sales gradually increase after the easing of lockdown measures since May, Fitch Ratings has said.

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  Fitch Ratings revises India’s outlook to ‘negative’ from ‘stable’

  Business | June 18, 2020 11:06 IST

  The move comes after another rating agency Moody’s earlier this month downgraded India’s sovereign rating by a notch to lowest investment grade of ‘Baa2’ for the first time in 22 years.

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  India's rating could come under pressure if fiscal outlook deteriorates: Fitch

  Business | April 28, 2020 13:13 IST

  The rating agency has revised down its economic growth forecast for India to 0.8 per cent for the fiscal year ending March 2021 (FY21), reflecting the impact of the coronavirus pandemic and official efforts to contain it. This is down sharply from its forecast of 5.6 per cent prior to the outbreak.

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  Facebook deal to help Reliance monetise platforms, deleverage: Fitch

  Business | April 23, 2020 10:32 IST

  Facebook Inc's USD 5.7 billion investment in Jio Platforms, subsidiary of Reliance Industries Ltd (RIL), will help to monetise the digital platforms of both companies and aid in deleveraging of RIL's balance sheet, Fitch Ratings said on Thursday. 

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  Fitch Solution cuts India's FY21 GDP growth forecast to 1.8 per cent

  Business | April 20, 2020 11:29 IST

  Fitch Solutions on Monday cut India's economic growth forecast for the financial year 2020-21 to 1.8 per cent saying private consumption is likely to contract due to large-scale loss of income in the face of worsening domestic outbreak of COVID-19.

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  Fitch Group pledges USD 50,000 towards Give2Asia coronavirus relief fund

  Business | April 15, 2020 10:38 IST

  In a statement, Fitch Group has said, "it has donated USD 50,000 to Give2Asia in support of the organisation's crisis response to the outbreak of COVID-19".