Fitch Ratings
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Multi-notch sovereign ratings downgrade likely in 2020: Fitch
Business | Apr 07, 2020, 11:42 AM ISTFitch said for developed market sovereigns, multi-notch downgrades have taken place historically amid large and sudden increases in government debt and this looks to be a certainty in many countries in 2020.
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Fitch slashes India growth forecast to 30-year low of 2 per cent for FY21
Business | Apr 03, 2020, 04:42 PM ISTFitch Ratings on Friday said it has slashed India's growth forecast for the current fiscal to a 30-year low of 2 per cent, from 5.1 per cent projected earlier, as economic recession gripped global economy following the lockdown due to COVID-19 pandemic.
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Fitch Ratings takes Bharti Airtel off 'watch negative'; affirms BBB- rating
India | Feb 20, 2020, 04:51 PM ISTFitch Ratings on Thursday said it has taken Bharti Airtel off 'watch negative' and affirmed the telecom operator's long-term foreign currency issuer default rating at 'BBB-' with a stable outlook.
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Budget 2020 light on new structural reforms: Fitch Ratings
Business | Feb 05, 2020, 12:08 PM ISTThe Union Budget 2020-21 implies a modest degree of slippage from previous targets to consolidate public finances, it said. "However, its contents are consistent with our expectations when we affirmed the country's sovereign rating at 'BBB-'/Stable in December 2019."
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NBFCs to look for growth opportunities in offshore markets: Fitch
Business | Dec 10, 2019, 11:31 AM ISTIndia's non-banking financial companies will look increasingly to offshore financing as local funding conditions may remain under pressure, Fitch Ratings said on Tuesday.
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Fitch places Bharti Airtel on 'rating watch negative' on SC ruling
Business | Oct 30, 2019, 06:19 PM ISTFitch Ratings has placed Bharti Airtel Ltd on 'rating watch negative' over unpaid regulatory dues arising from a recent Supreme Court ruling.
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Fitch Solutions lowers 2019 global steel price forecast
Business | Sep 03, 2019, 12:18 PM ISTFitch Solutions Macro Research on Tuesday said it has revised downwards its 2019 global steel price forecast as global prices continue to be hammered by poor sentiment amid ongoing US-China trade tensions and increasing downside risks to the global economy.
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Fitch pegs India's growth at 6.6% in 2019-20
Business | Jun 17, 2019, 09:39 PM ISTFitch was optimistic on India's growth, saying that the monetary and regulatory easing from the Reserve Bank of India, along with a recovery in portfolio inflows, should support a recovery in credit to the private sector and reverse the drag from the negative credit impulse.
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Fitch warns of fiscal slippage if govt goes for populist interim budget
Budget | Jan 31, 2019, 04:54 PM ISTAhead of BJP-led NDA government presenting the final budget of its tenure, Fitch Ratings on Thursday warned of a second consecutive year of fiscal slippage in the event of Finance Minister Piyush Goyal resorting to populist spending to win over lost vote base.
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Fitch slashes India growth forecast to 7.2 per cent on reduced credit availability
Business | Dec 06, 2018, 02:39 PM ISTFitch estimated India's GDP growth to be 7 per cent and 7.1 per cent in financial years 2019-20 and 2020-21 respectively. Indian economy grew 6.7 per cent in 2017-18 fiscal.
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Fitch revises India's growth forecast for 2018-19 to 7.8% from 7.4%
India | Sep 21, 2018, 06:01 PM IST"We have revised up our forecast for FY2018-2019 growth to 7.8 per cent from 7.4 per cent on the back of the better-than-expected 2Q18 outturn. India's growth likely peaked in 2Q18 (April-June) though," Fitch said.
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Fitch retains India rating at 'BBB-', stable outlook; projects growth at 7.5% in 2019-20
Business | Apr 27, 2018, 02:50 PM ISTIt projected India's growth at 7.3 per cent in current the fiscal and further to 7.5 per cent in 2019-20. Growth is projected to be 6.7 per cent in the last fiscal, ended March 31.
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High govt debt burden constrains India's rating upgrade: Fitch Ratings
Business | Feb 02, 2018, 03:55 PM ISTThe 2018-19 Union Budget unveiled yesterday contains a number of policy measures with the potential to support economic demand and social wellbeing.
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Fitch Ratings cuts India's 2018 GDP growth forecast to 6.7%, says 'rebound weaker than expected'
Business | Dec 04, 2017, 09:51 PM ISTIt also cut GDP growth forecast for 2018-19 fiscal year to 7.3 per cent from 7.4 per cent predicted in its September Global Economic Outlook (GEO).
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GST to boost long-term growth, unlikely to increase revenue in short-term: Fitch Ratings
Jul 04, 2017, 03:03 PM IST“GST will unify the indirect tax system and remove domestic barriers to trade, which should support productivity gains and GDP growth over the long term,” Fitch said.
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Cash crunch led to 'material impact on spending', says Fitch
Jun 20, 2017, 02:31 PM IST'It appears that the cash squeeze of November 2016 whereby the government pulled 86 per cent of cash in circulation out of the economy virtually overnight finally did have a material impact on spending,' it said
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Telecom sector woes do not pose systemic threat to banks: Fitch
Jun 06, 2017, 12:40 PM ISTAnil Ambani-led Reliance Communications is struggling to repay Rs 45,000 crore of debt to its lenders.
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Indian economy to grow 7.1 pc in FY 2017, figures for Oct-Dec quarter surprising: Fitch
Mar 07, 2017, 02:28 PM ISTGlobal ratings agency Fitch today said that the Indian economy will grow by 7.1 per cent in the current fiscal before stepping up to 7.7 per cent in the next two financial years.
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Notes ban hits auto loan repayments, normalcy to return in 3 months: Fitch Ratings
Jan 27, 2017, 12:22 PM ISTGlobal credit rating agency Fitch Ratings on Friday said demonetisation has had a negative impact on repayment of Indian auto loans and that it would take a couple of months for collections to come back to normal levels.
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India's 2016-17 budget credit positive: Moody's and Fitch Ratings
Mar 01, 2016, 04:54 PM ISTChennai: Global credit rating agencies -- Moody's Investors Service (Moody's) and Fitch Ratings -- termed India's fiscal budget for 2016-17 as credit positive for sovereign rating, but pointed out certain uncertainties."The budget is modestly credit