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 11, 2020 3:31 pm
Corporates can also simplify or reorganise complex group structures without the interference of minority shareholders through such moves, the agency noted.
June 10, 2020 5:00 pm
Fitch Ratings forecast a 5 per cent contraction in the GDP in the ongoing financial year.
May 21, 2020 3:53 pm
"Dealing with the COVID-19 pandemic has brought out the critical importance of the public sector in health provisioning," Fitch added.
April 29, 2020 12:30 pm
The size of the SLF-MF appears broadly commensurate with the scale of the funds most at risk, Fitch notes.
April 20, 2020 2:07 pm
Fitch Solutions also anticipated a deeper contraction in fixed investments as businesses choose to cut back on capital expenditure to conserve cash amid elevated economic uncertainty.
April 07, 2020 11:48 am
In April 2019, Fitch had retained India's sovereign rating at 'BBB-', the lowest investment grade, with stable outlook, saying a weak fiscal position continues to constrain its rating.
March 18, 2020 1:04 pm
This would take the policy repurchase (repo) rate to 3.40 per cent and 3.00 per cent, respectively, from 5.15 per cent and 4.75 per cent at present.
March 02, 2020 3:36 pm
The GDP growth is forecast to recover slightly to 5.4 per cent in 2020-21 (April 2020 to March 2021), Fitch Solutions said.