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Sunday, July 03, 2022



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'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.

India to breach fiscal deficit target in FY22: Fitch Solutions

May 07, 2021 2:41 pm

The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March 2022).

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 Solutions revises forecast for Indian rupee to average at Rs 75.50/USD for 2021

January 04, 2021 5:00 pm

For 2022, it revised the forecast to Rs 77 to a US dollar, from Rs 79 previously, to account for a stronger 2021 forecast.

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.

India's consumer spending to return to growth in 2021: Fitch Solutions

November 30, 2020 6:13 pm

Fitch Solutions forecast a return to pre-COVID-19 levels only over the second half of 2021 and 2022.

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.

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.