Page 2 - Fitch Rating

JSW Steel says Fitch revises outlook on company to negative from stable

The revision of the outlook reflects the risks in the company's ability to deleverage and generate positive free cash flow because of the various challenges in the Indian market

Fitch raises India's FY20 fiscal deficit to 3.6% of GDP on sluggish growth

Fitch said it was revising the fiscal deficit forecast as revenue collection is likely to fall far short of the projections in the FY20 Union Budget due to weak GST collections

Fitch too downgrades Macrotech Developers on low liquidity concerns

Fitch said the risks around Macrotech's ability to meet domestic debt maturities of Rs 2,000 crore, Rs 5,000 crore, and Rs 4,600 crore in FY20, FY21, and FY22, respectively, are rising

Increased forced lending to NBFCs can land banks in trouble: Fitch report

NBFC disbursements have declined steeply as a result, with knock-on effects to other sectors, particularly consumption

Fitch downgrades PNB's viability rating two notches as key ratio plunges

Decline in bank's core capitalisation was due to sharp spike in bad loans, including $2.2 bn in fraudulent deals reported in Feb, and related increase in credit costs

India pitching for sovereign rating upgrade to Fitch: FinMin official

Fitch has a BBB-, the lowest investment grade sovereign rating on India, with a stable outlook

India's concerted push to tackle bad loans to impinge bank profits: Fitch

Banks are said to be straddled with stressed assets worth up to Rs 12 lakh cr

Fitch assigns NTPC's 500 mn euro notes final 'BBB-' rating

NTPC Ltd has raised 500 million euros through overseas bonds sale