Updated : 1 week, 4 days ago IST
Ernakulam (Kerala) [India], Oct 11 (ANI): Muthoot Finance, the country's largest gold financing company in terms of loan portfolio, has obtained credit ratings from three global agencies as it prepares to access the debt market.
Updated : 1 month, 1 week ago IST
Mumbai (Maharashtra) [India], Sep 11 (ANI): The proposed further consolidation of Indian state-owned banks should be a long-term positive for the industry but not necessarily a remedy for its near-term challenges, Fitch Ratings said on Wednesday.
Updated : 1 month, 2 weeks ago IST
Mumbai (Maharashtra) [India], Sep 6 (ANI): Risks in India's banking sector may rise as a result of the central bank's steps encouraging more lending to non-bank financial institutions (NBFIs) and retail borrowers, Fitch Ratings said on Friday.
Updated : 2 months, 1 week ago IST
Singapore, Aug 16 (ANI): Fitch Ratings said on Friday it has downgraded leading real estate player Macrotech Developers Ltd (MDL) due to the concerns on liquidity management.
Updated : 3 months ago IST
Mumbai (Maharashtra) [India], July 24 (ANI): Fitch Ratings on Wednesday downgraded the long-term issuer default rating of Tata Motors Limited to BB- from BB with a negative outlook.
Mumbai (Maharashtra) [India], July 23 (ANI): Fitch Ratings on Tuesday affirmed Indian Oil Corporation Ltd's (IOC's) long-term foreign currency issuer default rating at BBB- with stable outlook.
Updated : 3 months, 1 week ago IST
Mumbai (Maharashtra) [India], July 11 (ANI): Fitch Ratings on Thursday affirmed Glenmark Pharmaceuticals Ltd's long-term issuer default rating at 'BB' with a stable outlook.
Updated : 3 months, 2 weeks ago IST
London [Britain], July 10 (ANI): Financial information services major Fitch Ratings said on Wednesday that the Union Budget for 2019-20 outlines some economic reforms that could support the economy but its fiscal stance remains broadly unchanged with no plans for meaningful consolidation.
Updated : 4 months ago IST
London [Britain], June 18 (ANI): 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 months ago, largely due to persistent slowdown in manufacturing and agricultu
Updated : 4 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], June 7 (ANI): 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.
Updated : 4 months, 3 weeks ago IST
Mumbai (Maharashtra) [India] May 30 (ANI): Fitch Ratings said on Thursday that healthy earnings before interest, tax, depreciation and amortisation (EBITDA) margins, which allowed Indian steelmakers like JSW Steel and Tata Steel to maintain stable leverage profiles in the past financial year
Updated : 4 months, 4 weeks ago IST
London [Britain] May 27 (ANI): 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 to Fitch Ratings.