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.…
- 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…