June 11, 2022 12:27 am
Fitch Ratings kept the rating unchanged at 'BBB-'.
March 03, 2022 4:53 pm
While Moody's Investors Service downgraded Russia's long-term issuer and senior unsecured (local-and foreign-currency) debt ratings to 'B3' from 'Baa3', Fitch pulled down the rating on the country to 'B' from 'BBB', putting it on 'Rating Watch Negative'.
December 08, 2021 3:35 pm
Fitch, which had previously forecast a GDP growth of 8.7 per cent in 2021-22 (April 2021 to March 2022), however, raised the economic growth projection for the next financial year (FY23) to 10.3 per cent from previously forecast 10 per cent.
November 17, 2021 1:15 am
Last month, Moody’s Investors Service had affirmed India’s sovereign rating and upgraded its outlook to ‘stable’, from ‘negative’ citing receding downside risks to economy and financial system.
October 07, 2021 7:26 pm
Fitch said it has further lowered India's GDP forecast for the fiscal year ending March 2022 (FY22) to 8.7 per cent from 10 per cent in June as a result of the severe second virus wave.
February 05, 2021 5:30 pm
Among other highlights, Fitch expects industry monthly ARPU (average realisation per user) to grow by 5-10 per cent in 2021-22 as 2G and 3G customers gradually upgrade to pricier 4G plans.
January 14, 2021 5:11 pm
In a report titled 'India Set for Slow Medium-Term Recovery', Fitch said after an initial strong rebound in the fiscal year beginning April 2021, growth will slow to around 6.5 per cent a year over FY23-FY26 (April 2022 to March 2026).
December 08, 2020 10:41 am
In its Global Economic Outlook, Fitch said the coronavirus recession has inflicted severe economic scarring and the country needs to repair balance sheets and increase caution about long-term planning.
September 08, 2020 3:33 pm
"We believe Vodafone Idea will gradually lose market share given its weak balance sheet and limited financial flexibility," a Fitch release said, adding that Jio and Bharti, on the other hand, are expected to gain market share on the SC verdict.
September 08, 2020 10:54 am
"GDP should rebound strongly in 3Q20 (October-December) amid a re-opening of the economy, but there are signs that the recovery has been sluggish and uneven," Fitch said.