Fitch Downgrades First Republic Bank’s Rating to ‘B’ on Cash Crunch
First Republic’s rating was downgraded again less than a week after a group of Wall Street lenders agreed to deposit $30 billion with the struggling...
Tag : Fitch ratings
Fitch Slits India’s GDP Growth Forecast to 7% in FY23
Fitch Ratings has reduced its growth forecast for the current fiscal year to 7% from the previous estimate of 7.8%. The rating agency also cut...
Bharti Airtel’s Equity Issuance to Aid Deleveraging: Fitch
Bharti Airtel Ltd’s planned $ 2.8 billion equity issuance will improve its net leverage to around 2.0x (end-March 2021: 2.1x) and provide funds to strengthen...
Bajaj Auto Reports 5% Increase in August Sale
Bajaj Auto has reported a 5 per cent increase in total sales at 3,73,270 units in August 2021. The company had sold a total of...
Markets Open Lower as COVID-19 Cases Rise Persistently
Indian equity markets opened 0.5 per cent lower amid fears that the continued surge in covid-19 cases may hit economic recovery. The benchmark Sensex was...
Fitch Cuts India Outlook to Negative, Retains BBB- Rating
Fitch Ratings on Thursday revised downward its rating outlook for India to negative from stable while retaining its sovereign rating at the lowest investment grade of...
COVID19: Fitch Cuts India's FY21 Growth Forecast to 5.1%
Fitch ratings the international agencies forecast for India to 5.1 per cent from 5.6 per cent for 2020-21 as Covid-19 hits sentiment and supply chain...