Fitch Ratings

Chinese property developer's debt struggle rattles investors

One of China's biggest real estate developers Evergrande Group appears likely to be unable to repay all of the USD 89 billion it owes banks and other bondholders, financial rating agencies say.

published on : 15th September 2021

India continues to 'lag way behind' in COVID-19 vaccination: Fitch Ratings

Fitch Ratings Senior Director, Head of Asia-Pacific Sovereign Ratings, Stephen Schwartz said vaccination is the key to economic recovery across the world.

published on : 7th September 2021

BPCL privatisation may get delayed over bidder delay, process complexity: Fitch Ratings

Affirming BPCL's rating at 'BBB-' with a negative outlook, Fitch said that it continues to treat the potential divestment of the company by the Indian government as an event risk.

published on : 6th September 2021

Fitch Ratings upgrades Reliance Industries' rating a notch above India's sovereign rating

The firm has cut its foreign-currency borrowings outside India by 36 per cent following pre-payments of USD 7.8 billion in the financial year ending March 2021.

published on : 24th June 2021

Central bank digital currencies may disrupt financial systems: Fitch Ratings

For central banks in some emerging markets, a key driver for researching CBDCs is the opportunity to bring underbanked communities into the financial system and improve the cost, speed and resilience.

published on : 22nd May 2021

Economic activity down in April, May but shock less severe than 2020: Fitch

It said currently authorities are implementing lockdowns more narrowly, and companies and individuals have adjusted behaviour in ways that cushion the effects.

published on : 10th May 2021

Fitch affirms India’s sovereign rating, retains negative outlook

However, while the agency noted that the second wave may delay India’s economic recovery, it is unlikely to derail it. 

published on : 23rd April 2021

Resurgence of COVID-19 infections to take a toll on Indian healthcare system: Fitch Ratings

With 8.5 hospital beds per 10,000 population and 8 physicians per 10,000, the country's healthcare sector is not equipped for such a crisis.

published on : 16th April 2021

GDP growth expected at 12.8 per cent in FY22:  Fitch Ratings

Fitch Ratings has revised its forecast for India’s GDP growth for the next financial year beginning April 1 to 12.8 per cent from its previous estimate of 11 per cent.

published on : 25th March 2021

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