Fitch retains India growth forecast at 7 per cent this fiscal, cuts projections for next two years

In its December edition of the Global Economic Outlook, Fitch projected India's GDP to grow at 7 per cent in the current fiscal and slow to 6.2 per cent in 2023-24 and 6.9 per cent in 2024-25.

published on : 6th December 2022

WB revises upwards FY23 GDP to 6.9per cent, Fitch pegs growth at 7 per cent

However, it has been said that India’s economic growth will slow down to 6.6 per cent in FY24.

published on : 6th December 2022

Fitch cuts India's GDP growth forecast to 7 per cent for FY23

The rating agency said the GDP growth of 13.5 per cent in April-June, as per official data, was below its June expectation of 18.5 per cent increase.

published on : 15th September 2022

CreditSights discovers errors in debt report on Adani Group firms

These corrections did not change our investment recommendations,” CreditSights said in a new report dated September 7.

published on : 9th September 2022

Adani group could eventually spiral into a massive debt trap: Report

Starting out as a commodities trader in the late 1980s, the Adani group has diversified from mines, ports and power plants into airports, data centers and defence.

published on : 23rd August 2022

Sri Lanka way? Moody's, Fitch and S&P downgrade Pakistan's rating

Pakistan has a weak external position, high commodity prices, and is witnessing a huge slump in its currency in comparision to the US Dollar.

published on : 30th July 2022

Fitch revises upwards India outlook to ‘stable’

Fitch says high nominal GDP growth has facilitated a near-term cut in debt-to-GDP ratio, even if public finances remain a credit weakness.

published on : 11th June 2022

Fitch cuts economic growth forecast to 7.8 per cent; revises India rating outlook to 'Stable' from 'Negative'

"The Outlook revision reflects our view that downside risks to medium-term growth have diminished due to India's rapid economic recovery," it said.

published on : 10th June 2022

Fitch slashes FY23 India growth forecast to 8.5 per cent on high energy prices

Fitch said the post-COVID-19 pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation.

published on : 22nd March 2022

State-owned banks on course to book better profits next fiscal: Report

The report expects earnings and profitability of banks to recover next fiscal on the back of falling loan impairment charges that improved to 1.2 per cent in H1 of FY22, from 1.7 per cent a year ago.

published on : 11th March 2022

Money matters: Bangalore Metro gets stable ratings

The good rating is an affirmation that the BMRCL has enough cash in hand to service its loan interests and manage its borrowings.

published on : 7th March 2022

Fitch Ratings downgrades Russia's credit points, cites 'severe shock​' over Ukraine war

It said that, in turn, it will weaken the country's finances and slow its economy, further raising geopolitical risks and uncertainty.

published on : 3rd March 2022

India's near-term fiscal deficit target higher than expected: Fitch

In the Budget for 2021-22, Sitharaman unveiled a massive spending plan, which would be met partly from enhanced borrowings, to pull the economy out of the trough.

published on : 2nd February 2021

A day after Budget, Sensex crashes 840 points, Nifty below 10,800

This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.

published on : 2nd February 2018

Jio to change from a hunter to farmer by 2018: Fitch Ratings

The new entrant in the telecom industry, Reliance Jio, is expected to shift its approach from a hunter to a farmer by 2018, said Nitin Soni, Director at Fitch Ratings.

published on : 23rd October 2017