Fitch
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Business
Fitch downgrades Future Retail’s IDR to C on missed coupon
Mumbai: Fitch Ratings has downgraded Future Retail’s long-term issuer default rating and the rating on its 500 million dollars 5.6 per cent senior secured notes due in 2025 to C…
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Business
Asia Pacific telecoms on course for muted growth, 5G delays: Fitch
Singapore: The average revenue growth for Asia Pacific telecom sector will be flat to low-single-digit this year (2019: 4 per cent) before recovering to pre-pandemic levels in 2021, according to…
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Featured News
Fitch downgrades Saudi credit rating over military tensions
Dubai: Fitch Ratings on Monday downgraded Saudi Arabia’s credit rating by one notch, citing “rising geopolitical and military tensions in the Gulf region” after unprecedentedly large attacks on the kingdom’s oil…
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Real Estate
NBFI funding squeeze to hit property developers hardest: Fitch
Mumbai: Liquidity risk is increasing for Indian real estate developers as non-bank financial institutions (NBFIs) including housing finance companies are shying away from lending to the sector, Fitch Ratings said…
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Business
Trade wars causing collateral damage to global economic outlook: Fitch
New York: Threats to global growth outlook from protectionism have become much more significant in recent months which raise the possibility of disruptions to trade and investments, according to Fitch…
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Business
Saudi Aramco bond sale to close Wednesday: minister
RIYADH: A bond sale by energy giant Saudi Aramco to raise $10 billion towards its purchase of a controlling stake in chemicals behemoth SABIC closes Wednesday, Riyadh’s energy minister said.…
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Stock Market
Stock markets trade in green during morning session
Mumbai: Equity benchmarks gained some ground on Friday morning tracking global cues. At 10:15 am, the BSE S&P Sensex was up nearly half per cent or 168 points at 38,853…
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Business
Indian banks benefit from lower slippages but challenges remain: Fitch Ratings
Mumbai: The banking sector’s non-performing loan (NPL) ratio improved in first nine months of current financial year but slow resolution and weak capital are likely to keep the overall pace…
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News
Modi will “Struggle” to win a simple majority, Cong has “Fair Chance” of forming govt: Fitch
According to Fitch Solutions Macro Research, in the upcoming general election, Prime Minister Narendra Modi will “struggle” to win a simple majority and the opposition Congress party has a “fair…
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