Fitch Rating

Fitch Ratings today said the recent search by the enforcement directorate at gold-backed lender Manappuram Finance highlights corporate governance challenges that can arise in emerging markets like India.

Fitch Ratings on Tuesday affirmed India's sovereign rating with a stable outlook saying the country has a robust growth outlook and resilient external finances.

The beleaguered Pakistani economy faces substantial credit risks with "critically low levels" of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday.

The earthquake that has devastated Turkey and Syria could cause economic losses exceeding $4 billion, ratings agency Fitch said on Thursday.

Ratings agency Fitch added that it expected no material changes to Adani Group's cash flow forecast.

The tax rates are revised every fortnight based on prevailing international rates. The levy on petrol export has since been abolished.

Credit demand is expected to stay robust into the next financial year if economic expansion continued, Fitch said.

Fitch Ratings on Friday said it expects India's commercial vehicle sales volume to grow in 14 to 19 per cent over the next few years.

India's external buffers are sufficient to cushion risks associated with rapid monetary policy tightening in the US and high global commodity prices, and risk to the sovereign rating from external pressure is limited, Fitch Ratings said on Wednesday.

The freeze on petrol, diesel and LPG price revision despite rising cost will hit profitability of state-owned Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd this fiscal, Fitch Ratings said on Wednesday.

GAIL is India's largest gas transmission and gas marketing company, with a 14,502-kilo metre gas pipeline network

Fitch Ratings on Tuesday said the Reserve Bank of India is likely to raise interest rates further to 5.9 per cent by December 2022, on deteriorating inflation outlook.

Fitch Ratings has revised India's long term foreign currency issuer default rating (IDR) to stable from negative while retaining the 'BBB-' rating

Fitch has downgraded debt-ridden Sri Lanka's sovereign rating to "restricted default" after the country defaulted on making international sovereign bond payments at the end of the 30-day grace period.

Oil companies may suffer marketing losses in January-March 2022 for holding petrol and diesel prices, however refining margins should mitigate losses

Fitch Ratings today said the recent search by the enforcement directorate at gold-backed lender Manappuram Finance highlights corporate governance challenges that can arise in emerging markets like India.

Fitch Ratings on Tuesday affirmed India's sovereign rating with a stable outlook saying the country has a robust growth outlook and resilient external finances.

The beleaguered Pakistani economy faces substantial credit risks with "critically low levels" of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday.

The earthquake that has devastated Turkey and Syria could cause economic losses exceeding $4 billion, ratings agency Fitch said on Thursday.

Ratings agency Fitch added that it expected no material changes to Adani Group's cash flow forecast.

The tax rates are revised every fortnight based on prevailing international rates. The levy on petrol export has since been abolished.

Credit demand is expected to stay robust into the next financial year if economic expansion continued, Fitch said.

Fitch Ratings on Friday said it expects India's commercial vehicle sales volume to grow in 14 to 19 per cent over the next few years.

India's external buffers are sufficient to cushion risks associated with rapid monetary policy tightening in the US and high global commodity prices, and risk to the sovereign rating from external pressure is limited, Fitch Ratings said on Wednesday.

The freeze on petrol, diesel and LPG price revision despite rising cost will hit profitability of state-owned Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd this fiscal, Fitch Ratings said on Wednesday.

GAIL is India's largest gas transmission and gas marketing company, with a 14,502-kilo metre gas pipeline network

Fitch Ratings on Tuesday said the Reserve Bank of India is likely to raise interest rates further to 5.9 per cent by December 2022, on deteriorating inflation outlook.

Fitch Ratings has revised India's long term foreign currency issuer default rating (IDR) to stable from negative while retaining the 'BBB-' rating

Fitch has downgraded debt-ridden Sri Lanka's sovereign rating to "restricted default" after the country defaulted on making international sovereign bond payments at the end of the 30-day grace period.

Oil companies may suffer marketing losses in January-March 2022 for holding petrol and diesel prices, however refining margins should mitigate losses