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Saturday, August 15, 2020

Fitch Ratings

FITCH RATINGS NEWS

Fitch revises outlook of IOC, NTPC among other state-owned firms to negative

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.

Fitch lowers India’s outlook to negative

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.

Indian economy to grow at 9.5% in next fiscal, says Fitch Ratings

June 10, 2020 5:00 pm

Fitch Ratings forecast a 5 per cent contraction in the GDP in the ongoing financial year.

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

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.

Fitch Ratings sees India growth slipping to 0.8 per cent in FY21

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.

Coronavirus impact: Fitch cuts India growth forecast to 5.1% for FY 2020-21

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.

Proposed IPO of LIC to benefit insurance industry: Fitch

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.

Fitch Ratings takes Bharti Airtel off 'watch negative'; affirms BBB- rating

February 20, 2020 5:36 pm

Fitch Ratings said Bharti is poised to gain at least 30 million subscribers from Vodafone Idea in FY21.

Fitch says HPCL refining margins to fall in current fiscal

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).

Fitch cuts India GDP growth forecast to 4.6% in FY20

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.