Tag Archives: fitch ratings

International coal prices to stay firm: Fitch Ratings

Kolkata: Prices of Asian thermal coal, used in generating electricity, are likely to stay firm as global supplies are under pressure and demand for the dry fuel is steady in Asia, said Fitch Ratings in a recent report. Falling mining … Continue reading

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Gas price hike may hit urea companies’ profits; raise govt subsidy

NEW DELHI: The hike in domestic natural gas price is likely to put an extra fertiliser subsidy burden of Rs 8,300 crore on the exchequer and will hit operating profits of urea companies, a rating agency said. The government recently … Continue reading

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India to install 54.7 GW wind capacity by 2022: Fitch Solutions

New Delhi: India is likely to install 54.7 GW of wind capacity by 2022 against the 60-GW target set by the government, Fitch Solutions Macro Research has said in a report. The country has set an ambitious target of installing … Continue reading

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Diesel deregulation, gas price to have positive impact on oil companies: Fitch Ratings

NEW DELHI: Key oil and gas sector reforms like diesel deregulation and a new gas pricing policy will have a positive impact on companies engaged in fuel retailing and gas production, says a report by Fitch Ratings. But the rating … Continue reading

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Japan’s Toyota says profit soared in January-March amid pandemic

Toyota reported Wednesday its profit more than doubled in January-March from a year earlier to 777 billion yen ($7 billion), as the Japanese automaker’s sales recovered from the pandemic. Toyota Motor Corp.‘s profit in January-March 2020 was 327 billion yen. … Continue reading

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India faces downgrade by Moody’s, change in outlook to negative by Fitch: Nomura

Mumbai: India is on the cliff ’s edge of an imminent downgrade by Moody’s and an outlook change by Fitch to negative in the backdrop of coronavirus outbreak and lockdowns that have derailed fiscal discipline and are biting into growth, … Continue reading

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Inflation | Economic reforms to drive India sovereign rating, says K V Kamath

Veteran banker K V Kamath on Wednesday expressed optimism that India’s sovereign rating would go up on the back of efforts being taken by the government to push economic reforms. Participating in a virtual event organised by India International Centre … Continue reading

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Inflation | Corporate rating recovery may stall as Covid-19 cases rise across APAC markets: Fitch Ratings

A resurgence in Covid-19 cases during July and August across several Asia Pacific (APAC) markets could affect a number of corporates in the region in the second half of this year, which may weaken the prospects for the reversal of … Continue reading

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Agriculture | Can Jain Irrigation overcome its crisis of rising debt and rating downgrades?

Just over 10 million hectares in India are equipped with micro-irrigation systems, according to the ministry of agriculture. That is just 15% of the area that could potentially be covered in a country where 16% of the gross domestic product … Continue reading

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debt markets | The $22 billion spooking India’s bond market

By Andy MukherjeeIndia’s economy is slowing, inflation is sputtering and the central bank is cutting interest rates. But the cost of long-term money is refusing to budge. The reason, in a single word: elections.Polls will be called any day now. … Continue reading

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