Fitch
- Business
OYO raises $660M through debt funding
New Delhi: OYO on Friday announced that it has raised a TLB (Term Loan B) funding of $660 million from global institutional investors. A company statement said that the offer was oversubscribed…
- 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 from CCC-plus…
- 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 Fitch Ratings.…
- 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 industry. A+…
- 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 on Friday.…
- 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 Ratings Inc.…
- 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. Khalid al-Falih…
- 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 while the…
- 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 of recovery…
- 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 chance” at…
