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Sunday, July 03, 2022

Fitch Ratings


After 2 years, Fitch raises India outlook to ‘stable’

June 11, 2022 12:27 am

Fitch Ratings kept the rating unchanged at 'BBB-'.

Moody's and Fitch downgrade Russia's rating to 'junk' grade following sanctions by West

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'.

Fitch cuts India GDP forecast for FY22 to 8.4%

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.

Fitch retains rating with negative outlook on ‘higher debt levels’

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.

Fitch cuts India's FY22 GDP growth forecast to 8.7%

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.

Strong performance by Jio and Airtel to buoy telecom industry growth for FY21: Fitch Ratings

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.

India's medium-term growth to slow to around 6.5% after initial rebound: Fitch Ratings

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).

Fitch revises India GDP forecast, sees contraction at 9.4%

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.

Dues payment over 10 yrs not enough to aid Vodafone Idea; expect market gains for Airtel, Jio: Fitch Ratings

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.

Fitch Ratings projects Indian economy to contract 10.5% this fiscal

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.