June 23, 2020 1:56 pm
The PSUs whose rating outlook has been revised include IOC, Bharat Petroleum Corp Ltd (BPCL), Oil India Ltd (OIL), GAIL India Ltd, Power Grid Corp of India Ltd and NTPC Ltd.
June 19, 2020 1:06 am
Fitch Ratings expects economic activity to contract by 5 per cent in FY21, before rebounding by 9.5 per cent in FY22.
June 10, 2020 5:00 pm
Fitch Ratings forecast a 5 per cent contraction in the GDP in the ongoing financial year.
April 28, 2020 7:13 pm
'Further deterioration in the fiscal outlook as a result of lower growth or fiscal easing could pressure the sovereign rating in light of the limited fiscal headroom India had when it entered this crisis', Fitch said in a statement.
April 23, 2020 12:05 pm
In its Global Economic Outlook, Fitch Ratings said India's gross domestic product (GDP) growth will slip to 0.8 per cent for the year April 2020 to March 2021 (FY21) as compared to an estimated 4.9 per cent growth in the previous fiscal.
March 20, 2020 10:25 am
In its Global Economic Outlook 2020, Fitch said the number of people affected by coronavirus will keep rising in the coming weeks but that the outbreak will remain contained.
February 26, 2020 5:12 pm
Fitch said it expects that the initial public offering (IPO), once executed, may also encourage some of the other private sector insurance companies to list some of their shares in the stock market over the medium term, although the current insurance regulation does not require all insurers to be listed publicly.
February 20, 2020 5:36 pm
Fitch Ratings said Bharti is poised to gain at least 30 million subscribers from Vodafone Idea in FY21.
January 06, 2020 5:34 pm
Fitch affirmed HPCL's rating 'BBB-' with a stable outlook, in line with the credit profile of its largest shareholder Oil and Natural Gas Corp Ltd (ONGC).
December 20, 2019 5:28 pm
The Fitch's FY2019-20 growth forecast is lower than 4.9 per cent projection by Moody's and 5.1 per cent by Asian Development Bank.