fitch ratings

UAE real estate investors are facing losses as the Iran conflict disrupts markets and halts corporate borrowing. Developers' bonds are the worst-performing in emerging markets, with a potential end to the recent upcycle. The war exacerbates pre-existing oversupply concerns, denting the UAE's stable image and impacting buyer sentiment.

fitch ratings on Thursday revised India's outlook to 'negative' from 'stable', stating that the coronavirus pandemic has significantly weakened growth prospects for the year and exposed the challenges associated with a high public-debt burden. Earlier, Moody's had downgraded India's sovereign rating by to lowest investment grade of 'Baa2' for the first time in 22 years.

The government had made a strong pitch to fitch ratings for an upgrade after rival Moody's Investors Service last November gave the country its first sovereign rating upgrade since 2004.

New Delhi, Jun 15 () fitch ratings today said it has affirmed state-run power producer NTPC's long-term foreign and local-currency issuer default ratings at 'BBB-'. "The outlook is stable.

New Delhi, Feb 6 () Ratings agency Fitch today assigned 'BBB-' rating to USD 500 million notes of Adani Ports and Special Economic Zone (APSEZ). "fitch ratings has assigned India-based Adani Ports and Special Economic Zone Limited's (APSEZ, BBB-/Stable) USD 500 million 3.

New Delhi, Jun 20 () Demonetisation of old Rs 500 and 1,000 notes had a "material impact on spending" as reflected in significant slowing of GDP growth in January-March, fitch ratings said today, warning that the ongoing steep decline in investment could spell risks to growth potential.

A war of words has erupted between the government and fitch ratings over allegations that the agency shared India’s country rating file and confidential data with the US Securities and Exchange Commission (SEC).

fitch ratings on Thursday launched a new brand for its local ratings business in India - 'India Ratings & Research Pvt Ltd' (India Ratings) - in order to comply with new European regulations.

New Delhi, Jul 18 () New indirect tax regime GST is likely to be beneficial for auto, cement and organised retail sectors, but will have a negative impact on oil and gas, and SME sectors, fitch ratings said today.

fitch ratings has upgraded the Viability Ratings of several major Indian lenders, reflecting improved asset quality, stronger underwriting standards, and better risk management. While IDRs remain influenced by potential government support, ICICI Bank emerged as the strongest performer among the nine evaluated banks. Some lenders still face constraints due to aggressive growth strategies.

fitch ratings has withdrawn Reliance Communications Limited's (Rcom) Long-Term Foreign and Local-Currency Issuer Default Ratings (IDR).

New Delhi, May 5 () fitch ratings today said it has affirmed the 'BBB-' rating to Exim Bank, while the outlook on the ratings remains stable. "fitch ratings has affirmed the ratings of Export-Import Bank of India (Exim) at 'BBB-'.

New Delhi, July 19 () fitch ratings has assigned state-owned Bank of India (BoI) with a speculative credit quality rating on its creditworthiness, pointing at its already weak core capitalisation on account of high bad loans.

New Delhi, Jul 20 () Indian banks will need USD 90 billion in total additional funds to meet global capital adequacy norms by 2019, fitch ratings said. Government's decision to inject Rs 22,900 crore (USD 3.

fitch ratings, which recently lowered India’s credit outlook to negative, has said that possibility of downgrading the country’s sovereign rating is more than 50% in the next 12-24 months.

fitch ratings said India's banks have significant asset quality problems that are putting pressure on profitability and capital, as well as constraining their ability to lend.

Rating agency Fitch affirms ratings of India's top three private banks and ranks HDFC bank above other in ability to withstand stress.

fitch ratings on Tuesday affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, saying the rating derives strengths from a robust growth outlook and still-resilient external finances.

fitch ratings has downgraded the US credit rating by one notch to AA+, due to mounting debts at federal, state and local levels; political polarization and a decline in governance standards over the past two decades. This is only the second time in history that the US credit rating has been downgraded despite the economy's size and stability.

India has adequate foreign exchange reserves and its current account deficit is likely to remain at sustainable levels, limiting any risk to the country's sovereign rating from external pressures, fitch ratings said on Wednesday. The ratings agency added that public finances remain the key driver of the country's sovereign rating and its limited reliance on external financing helps.

New Delhi: fitch ratings on Friday upped the outlook on India's sovereign rating to 'stable' from 'negative' after two years, citing diminishing downside risks to medium-term growth on rapid economic recovery. fitch ratings kept the rating unchanged at 'BBB-'."The Outlook revision reflects our view that downside risks to medium-term growth have diminished due to India's rapid economic recovery and easing financial sector weaknesses, despite near-term headwinds from the global commodity price shock," it said.

In a first of its kind case in India, Calcutta high court has restrained fitch ratings from taking any ratings action on Kolkata-based Srei Infrastructure Finance.

fitch ratings has lowered India's GDP growth forecast for the current fiscal year by 0.1% to 6.4%, citing concerns over the escalating global trade war. The agency also reduced global growth projections and anticipates weaker growth in China and the US. Despite this, India's growth for fiscal year 2026-27 is maintained at 6.3%.

fitch ratings predicts challenges for the global chemical industry with weak demand and surplus supply persisting in 2024. Producers in Asia, North America, and the Middle East are strategically targeting markets for exports due to lower production costs. Performance disparities between regions are expected to continue. End-market exposures will play a pivotal role in influencing earnings. European chemical producers face challenges due to higher energy costs. Utilization rates will remain low, impacting commodity producers.

In its December edition of the global economic outlook, Fitch projected India's GDP to grow at 7 per cent in the current fiscal, at a slower rate of 6.2 per cent in 2023-24 and at 6.9 per cent in 2024-25.

fitch ratings revised its outlook on India's long-term foreign currency Issuer Default Rating (IDR) to "Stable" from "Negative," citing diminished downside risks to medium-term growth. The ratings agency said risks to the country's medium-term growth lessened due to rapid economic recovery and easing financial sector weakness, despite near-term headwinds from the global commodity price shock.