The wider deficits and more gradual pace of consolidation will lift India's government debt
Fitch had placed India's "BBB-" rating on a negative outlook in June 2020 due to the pandemic's impact on growth prospects and the challenges of the high debt burden
The proposed changes to India's regulatory framework for non-bank financial institutions (NBFIs) unveiled in the RBI discussion paper on January 22 are likely to enhance the sector's stability
Fitch Ratings on Thursday affirmed GMR Hyderabad International Airport Ltd's (GHIAL's) long-term issuer default rating
Fitch downgraded Delhi International Airport Ltd's Long-Term Issuer Default Rating from "BB+" to "BB" on the sharp drop in volume in 2020 due to significant travel restrictions to curb Covid spread
Medium-term growth to slow around 6.5 per cent a year over FY23 to FY26
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The Indian economy will suffer lasting damage from the coronavirus crisis and after an initial strong rebound in FY22 growth will slow to around 6.5 per cent a year over FY23-FY26, Fitch said
Fitch expects economy to contract by a record 9.4 per cent in the current fiscal year ending March 2021 amid coronavirus but this represents a 1.1 percentage point improvement from previous forecast
The outlook is negative and the outlook on IREDA's long-term IDRs mirrors that on the 'BBB-' sovereign rating
Upgrades viability rating for IDBI Bank by a notch due mainly to improved core capitalisation and the high loan-loss coverage
Sri Lanka relies on tourism and garment exports for foreign exchange reserves. It's been hit hard by the pandemic, which has undercut consumer demand and curtailed almost all global travel this year
With lockdowns pummelling fuel demand in India, Fitch Ratings expects the marketing and refining volume of oil firms to fall by over 15 per cent this fiscal year before a gradual recovery in FY22
Fitch Ratings on Tuesday said Indian banks face a tough operating environment in the near term as stressed loans and write-offs increase due to the economic fallout from the coronavirus pandemic
Most companies have reported robust deal wins that should support growth in 2021-2022, despite the revenue decline in the second quarter of 2020, said the report
Lenders face a tough operating environment in the near term, with a spike in stressed loans and write-offs due to the economic fallout of the coronavirus pandemic
The companies' long-term IDRs were placed on RWN in March this year, as Fitch expected the pandemic to present further macroeconomic
Attributes it to Covid-19 cases and lack of stimulus from govt
Fitch Ratings has affirmed BPCL's long-term foreign-currency issuer default rating at BBB-minus with a negative outlook
Impact on wages to severely dent consumption and decelerate recovery, says India Ratings