Fitch Ratings

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

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

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