Fitch revises RIL's rating upward to 'stable'

Last Updated: Monday, December 1, 2014, 18:40

Fitch Ratings Monday revised upwards outlook on Reliance Industries' (RIL) long-term local currency rating at 'BBB stable' from 'positive', citing better than expected show by its US shale gas business which offset the dip in the domestic exploration business.

Efforts to meet 4.8% fiscal deficit credit positive: Fitch

Last Updated: Monday, January 13, 2014, 19:10

Government efforts to avoid "fiscal pump-priming" ahead of general elections, so as to achieve the fiscal deficit target of 4.8 percent of the GDP in 2013-14, are supportive for the country's credit rating, Fitch Ratings said on Monday.

Govt fiscal prudence supports credit ratings: Fitch

Last Updated: Monday, January 13, 2014, 15:17

The government is maintaining fiscal discipline before the general elections, which is supporting the country`s credit ratings, a Fitch Ratings analyst said on Monday.

Fitch sees govt pushing Rs 45000-cr oil subsidy to next fiscal

Last Updated: Monday, November 25, 2013, 19:27

The rating agency said out of the oil subsidies allocation of Rs 65,000 crore in the budget for this fiscal, the government has already given out Rs 45,000 crore to pay oil marketing companies for the subsidy gap incurred in FY13.

India to rely on 2014-15 budget for oil subsidies: Fitch

Last Updated: Monday, November 18, 2013, 13:05

Fitch Ratings on Monday said the Indian government will have to depend on its FY 2014-15 budget to fund part of the current financial year’s oil subsidies bill.

Indian passenger vehicle demand to remain weak: Fitch

Last Updated: Friday, November 15, 2013, 09:55

Fitch Ratings expects demand for passenger vehicles in India to remain weak through the first half of 2014 because of high interest rates and weak consumer sentiment.

Fitch says bad loans of Indian banks likely to peak by FY16

Last Updated: Friday, September 27, 2013, 22:38

International rating agency Fitch today said bad loans in India's banking system are likely to peak in FY2015-16, but stopped short of putting a number to the same.

Fitch downgrades PNB, BoB viability ratings

Last Updated: Monday, September 23, 2013, 20:59

Global rating agency Fitch Monday dowgraded viability ratings of the state-run Punjab National Bank and Bank of Baroda by one notch to 'bb+' from 'bbb-' while retaining their long-term issuer default ratings at 'bbb-'.

Rupee slide to add to credit pressures on Indian banks: Fitch

Last Updated: Thursday, August 29, 2013, 21:30

The depreciation in rupee's value would add to credit pressures on Indian banks, especially public sector lenders, because their stress-absorption capacity is comparatively lower than their private-sector peers, global rating agency Fitch said Thursday.

Rupee slide to impact IOC, BPCL most: Fitch

Last Updated: Thursday, August 29, 2013, 17:54

Global rating agency Fitch Thursday said the rupee depreciation will have highest impact on state- owned oil marketing companies, including IOC and BPCL.

No immediate trigger for changing India's rating: Fitch

Last Updated: Thursday, August 22, 2013, 18:00

Global rating agency Fitch Thursday said there is no trigger for rating action, but India's economy is likely to continue facing pressure on account of rupee depreciation.

Fitch warns of downgrade if confidence falls further

Last Updated: Thursday, August 22, 2013, 16:58

India and Indonesia could see their credit ratings lowered if their governments fail to halt the current slump in investor confidence towards the countries, Fitch ratings said on Thursday.