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India To See Higher Consumer Spending With Ease In Inflation: Rating Agency Fitch
Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.
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Rating Agency Fitch Raises India's GDP Growth Forecast For 2024-25 To 7.2%
Global rating agency Fitch today raised India's GDP growth forecast for FY25 to 7.2 per cent, from 7 per cent.
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Fitch Downgrades Pakistan's Rating, Warns Default A 'Real Possibility'
The beleaguered Pakistani economy faces substantial credit risks with "critically low levels" of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday.
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Coronavirus Crisis: Rating Agencies Peg Contraction In India's GDP At Up To 11.8% In 2020-21
Days after official data showed India's GDP or gross domestic product shrank a record 23.9 per cent in the April-June period, economists have pegged overall economic contraction for the full financial year 2020-21 above 10.5 per cent. In its Global Economic Outlook report released on Monday, credit ratings major Fitch said it expects the country's ...
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Global Car Sales To Decline By 3.1 Million Units In 2019: Study
A study done by the Economics team of Fitch ratings has said that the global car sales is likely to decline by 3.1 million units in 2019. This, according to the study is a larger decline than in 2008.
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Rupee Up 46 Paise As Crude Prices Ease: 10 Things To Know
The rupee rose by 46 paise to 70.44 against the US dollar in early trade today amid softening crude oil prices, reported news agency Press Trust of India (PTI). Weakness in the American currency, the domestic equity markets trading in the green and sustained foreign fund flows lent support to the rupee, forex traders were quoted as saying in the PT...
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Fitch Holds India's Sovereign Rating At Lowest Investment Grade
Global credit rating agency Fitch projected India's growth at 7.3 per cent in the current fiscal year and further to 7.5 per cent in 2019-20. Growth is projected to be 6.7 per cent in the last fiscal year, which ended on March 31, 2018.
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Fitch Lowers India's Growth Forecast To 6.9% From 7.4% For FY18
The credit rating agency expects economic activity to accelerate in second half of fiscal year.
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Strong JioPhone Demand Boosts Reliance Industries Shares
Global rating agency Fitch had earlier said that JioPhone will attract first-time 4G users and help Jio gain revenue market share.
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Half Of State-Run Lenders Can Be Impacted By Revised PCA Framework: Fitch
More than half of state-owned banks would breach at least one of the new thresholds, mainly owing to high NPLs, based on their latest financial reports," global ratings agency Fitch on Thursday said.
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SBI Eyes Up To $1.5 Billion Capital Raising Next Fiscal Year
Ratings agency Fitch estimates India's banks will need about $90 billion to meet global Basel III rules which are due to be fully implemented by March 2019.
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Indian Pharma's Focus On Acquisitions To Limit Deleveraging: Fitch
New Delhi: In line with global trends in thepharmaceuticals sector, the focus of domestic drug firms on acquisitionsto consolidate their position will limit deleveraging for thetime being, rating agency Fitch has said. "The ongoing focus of the top Indian pharma companies' onselective acquisitions to limit deleveraging over the shortterm," Fitch...
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Masala Bonds To Help NBFCs More: Fitch
With two companies raising Rs 5,000 crore via offshore masala bonds last month, global ratings agency Fitch has said it will help diversify funding for India Inc, especially non-banking finance companies (NBFCs).
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Fitch Forecasts UK Investment To Drop 5% Next Year After Brexit Hit
Credit ratings agency Fitch forecast on Wednesday that investment in the British economy will fall 5 per cent next year, two days after it downgraded Britain's credit rating after last week's vote to leave the European Union.
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After GDP Surge, Government Pitches For Rating Upgrade With Fitch
The government on Tuesday pitched for a rating upgrade with global agency Fitch citing improvement in macroeconomic conditions and its commitment to fiscal consolidation.
-
India To See Higher Consumer Spending With Ease In Inflation: Rating Agency Fitch
Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.
-
Rating Agency Fitch Raises India's GDP Growth Forecast For 2024-25 To 7.2%
Global rating agency Fitch today raised India's GDP growth forecast for FY25 to 7.2 per cent, from 7 per cent.
-
Fitch Downgrades Pakistan's Rating, Warns Default A 'Real Possibility'
The beleaguered Pakistani economy faces substantial credit risks with "critically low levels" of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday.
-
Coronavirus Crisis: Rating Agencies Peg Contraction In India's GDP At Up To 11.8% In 2020-21
Days after official data showed India's GDP or gross domestic product shrank a record 23.9 per cent in the April-June period, economists have pegged overall economic contraction for the full financial year 2020-21 above 10.5 per cent. In its Global Economic Outlook report released on Monday, credit ratings major Fitch said it expects the country's ...
-
Global Car Sales To Decline By 3.1 Million Units In 2019: Study
A study done by the Economics team of Fitch ratings has said that the global car sales is likely to decline by 3.1 million units in 2019. This, according to the study is a larger decline than in 2008.
-
Rupee Up 46 Paise As Crude Prices Ease: 10 Things To Know
The rupee rose by 46 paise to 70.44 against the US dollar in early trade today amid softening crude oil prices, reported news agency Press Trust of India (PTI). Weakness in the American currency, the domestic equity markets trading in the green and sustained foreign fund flows lent support to the rupee, forex traders were quoted as saying in the PT...
-
Fitch Holds India's Sovereign Rating At Lowest Investment Grade
Global credit rating agency Fitch projected India's growth at 7.3 per cent in the current fiscal year and further to 7.5 per cent in 2019-20. Growth is projected to be 6.7 per cent in the last fiscal year, which ended on March 31, 2018.
-
Fitch Lowers India's Growth Forecast To 6.9% From 7.4% For FY18
The credit rating agency expects economic activity to accelerate in second half of fiscal year.
-
Strong JioPhone Demand Boosts Reliance Industries Shares
Global rating agency Fitch had earlier said that JioPhone will attract first-time 4G users and help Jio gain revenue market share.
-
Half Of State-Run Lenders Can Be Impacted By Revised PCA Framework: Fitch
More than half of state-owned banks would breach at least one of the new thresholds, mainly owing to high NPLs, based on their latest financial reports," global ratings agency Fitch on Thursday said.
-
SBI Eyes Up To $1.5 Billion Capital Raising Next Fiscal Year
Ratings agency Fitch estimates India's banks will need about $90 billion to meet global Basel III rules which are due to be fully implemented by March 2019.
-
Indian Pharma's Focus On Acquisitions To Limit Deleveraging: Fitch
New Delhi: In line with global trends in thepharmaceuticals sector, the focus of domestic drug firms on acquisitionsto consolidate their position will limit deleveraging for thetime being, rating agency Fitch has said. "The ongoing focus of the top Indian pharma companies' onselective acquisitions to limit deleveraging over the shortterm," Fitch...
-
Masala Bonds To Help NBFCs More: Fitch
With two companies raising Rs 5,000 crore via offshore masala bonds last month, global ratings agency Fitch has said it will help diversify funding for India Inc, especially non-banking finance companies (NBFCs).
-
Fitch Forecasts UK Investment To Drop 5% Next Year After Brexit Hit
Credit ratings agency Fitch forecast on Wednesday that investment in the British economy will fall 5 per cent next year, two days after it downgraded Britain's credit rating after last week's vote to leave the European Union.
-
After GDP Surge, Government Pitches For Rating Upgrade With Fitch
The government on Tuesday pitched for a rating upgrade with global agency Fitch citing improvement in macroeconomic conditions and its commitment to fiscal consolidation.
