Fitch Ratings
- World
Could the Ukraine invasion spark a global financial crisis?
By Nasir Aminu, Senior Lecturer in Economics and Finance, Cardiff Metropolitan University Cardiff: The Russian assault on Kyiv and other Ukrainian cities has intensified uncertainty in the world economy. To condemn Putin’s…
- Business
A-Pac banks to face portfolio valuation losses as yields rise: Fitch
Singapore: A rise in yields for long-dated sovereign bonds will result in near-term losses for the Asia Pacific (A-Pac) banks as they recognise valuation changes on their available-for-sale (AFS) bond portfolios, according…
- Business
Bharat Petroleum divestment makes headway, more steps needed: Fitch
New Delhi: Acknowledging progress in Bharat Petroleum’s divestment process, Fitch Ratings said that multiple steps are still needed. Accordingly, BPCL has made headway on a key pre-condition to its divestment and other key…
- Business
Coronavirus impact on GDP will be felt for years to come: Fitch
London: The impact of 2020 coronavirus recession on GDP will continue to be felt for years to come with GDP levels in the largest advanced economies expected to remain around 3 to…
- India
Fitch revises India’s outlook to negative from stable
NEW DELHI: Fitch Ratings on Thursday revised India’s outlook to negative from stable and affirmed the sovereign rating at ‘BBB-‘. Accordingly, Fitch said the revision of the outlook to negative on India’s…
- India
India’s stringent lockdown lasted longer than expected: Fitch
NEW DELHI: India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-) 5 per cent from an earlier projected growth of…
- Business
Slowdown in agriculture, manufacturing may pull GDP down to 6.6 pc: Fitch
NEW DELHI: Global rating agency Fitch Ratings has cut forecast for India’s gross domestic product (GDP) growth to 6.6 per cent for the current fiscal 2019-20, from 6.8 per cent projected three…
- Business
DHFL demise highlights funding risk at Indian non-bank lenders: Fitch
Mumbai: Dewan Housing Finance Corporation Limited’s (DHFL) liquidity problems and its failure this week to pay coupons highlight the funding challenges faced by India’s non-bank finance sector, according to Fitch Ratings. The…
- India
India vote may bolster economic reform prospects: Fitch Ratings
London: The victory of Bharatiya Janata Party (BJP) in India’s general election reduces policy uncertainty in the near term and gives the party a mandate to continue its economic reform efforts, according…
- Business
Weak fiscal position constrains India’s sovereign ratings: Fitch
New Delhi: The next government’s medium-term fiscal policy in India will be of particular importance from a rating perspective, Fitch Ratings said on Monday. Election-connected government spending is supporting growth but may…
- World
New US tariffs on China imports to signal prolonged corporate headwind: Fitch
Chicago: US-China trade tension may become a longer-than-expected headwind for US corporations as the prospect of additional US tariffs, retaliation from China and prolonged negotiations rise, according to Fitch Ratings. Although credit…
