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FITCH RATINGS NEWS
Fitch cites need for 'long-term' fix after US downgradeThe comments by Richard Francis on CNBC came a day after Fitch took the United States' top-tier AAA rating down a notch to AA+, drawing fie...
Fitch cuts US credit rating to AA+; Treasury calls it 'arbitrary'With the downgrade, it becomes the second major rating agency after Standard & Poor's to strip the United States of its triple-A rating. Th...
Contagion risks loom over 2 Adani companies: FitchThe problems at the Ahmedabad-headquartered Indian multinational conglomerate started after a scathing Hindenburg Research report published...
Fitch downgrades cash-strapped Pakistan's Issuer Default Rating to CCC-Fitch typically does not assign outlooks to sovereigns with a rating of CCC+ and below. Its downgrade comes after S&P Global in December cu...
Pakistani rupee's weakness 'still has further to run'Fitch Solutions mentioned that their current forecast for the rupee to reach Rs 248 per dollar by year-end "is therefore now looking out of...
Rupee could average at Rs75/USD in 2021: Fitch RatingsIn the longer term, the overvaluation of the rupee in real terms and higher inflation in India versus the US should exert weakening pressur...
Condition to improve but more airline bankruptcies likely in 2021: Fitch“Spiking coronavirus cases in various regions and inconsistent travel restrictions will keep airline traffic low at least through the first...
World GDP recovery to strengthen from mid-2021 on vaccine rollout, India's GDP to shrink -9.4% in FY21: FitchFitch now expects world GDP to fall by 3.7% in 2020 compared to 4.4% in its September estimate. This is despite the expectation of renewed ...
India Ratings defends rating process; says Fitch Singapore executive no longer employedIt says that its ratings for IL&FS group entities followed a robust and transparent analysis of relevant information.
Voda-Idea will need capex of $3-4 bn in next 18 months: Nitin Soni, Fitch RatingsJio has a revenue market share very close to Voda-Idea and Bharti at about 32-33%, says Soni.
Fitch revises Tata Motors outlook to negativeIn a statement, Fitch said it has affirmed its long-term issuer default rating of 'BB+' to Tata Motors.
Fitch affirms JSW Steel's rating at 'BB', outlook negativeJSW's leverage had jumped in financial year 2016 from FY15, as the company suffered from weak steel prices which hit profitability.
Brexit credit negative for UK, may hit growth: Moody's, FitchThe UK's decision to leave the European Union will lead to a prolonged period of uncertainty that will weigh on the country's economic and ...
Worst over for India, but uncertainty ahead: India Ratings'The worst is behind us, but there is uncertainty ahead of us, which if not handled properly would result in further bad news,' Atul Joshi ...
Fitch gets permission to operate from ChinaChina's Cabinet relaxed the regulation on foreign institutions' distribution of financial information services in October 2012.
- Microfinance companies needs stable regulation to survive: Fitch
Fitch Rating's report stresses on the need for a single regulatory authority instead of multiple regulatory bodies monitoring the industry.
- Fitch puts BHP Billiton on negative watch over Potash bid
Ratings agency Fitch placed miner BHP Billiton on negative watch, citing its 40-bn-dollar hostile takeover bid for Canada's Potash Corp, th...