Fitch Ratings News - Latest Updates & Headlines
Fitch affirms Adani Ports' 'BBB-' Rating, removes from Rating Watch Negative; outlook remains negative
New Delhi, March 12: Fitch Ratings has affirmed Adani Ports and Special Economic Zone Limited's (APSEZ) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' and removed it from Rating Watch Negative (RWN), while maintaining a Negative Outlook.
Fitch affirms stable rating on Punjab National Bank
New Delhi, March 11: Fitch Ratings has affirmed Punjab National Bank's (PNB) Long-Term Issuer Default Rating (IDR) at 'BBB-' and its outlook as 'Stable. '
Fitch removes Adani Energy from 'Rating Watch Negative' list, hails long-term revenue visibility
New Delhi, March 10: Fitch Ratings has affirmed Adani Energy Solutions Limited's (AESL) long-term foreign and local-currency issuer default ratings (IDRs) at 'BBB-', removing the company from 'Rating Watch Negative' list.
Fitch removes Adani Energy Solutions from negative watch in first rating upgrade since US indictment
New Delhi, March 10: Fitch Ratings has removed Adani Energy Solutions from 'Rating Watch Negative' and affirmed its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'.
Fitch maintains South Korea's rating at 'AA-' with stable outlook
Seoul, Feb 6: Global credit appraiser Fitch Ratings said on Thursday it has reaffirmed South Korea's sovereign rating at "AA-" with a stable outlook.
Lower Brent prices to support margins for Indian fuel refiners: Fitch
New Delhi, January 31: Indian oil marketing companies' EBITDA will rise in the next financial year - 2025-26 -- as demand growth remains steady and Brent crude oil prices fall -- to USD 70 a barrel in 2025 and USD65 a barrel in 2026, said Fitch Ratings.
Large Indian NBFIs poised to outperform amid economic and regulatory challenges: Fitch Ratings
New Delhi, January 24: India's large non-bank financial institutions (NBFIs) are better positioned to weather economic and regulatory challenges compared to their smaller counterparts, according to Fitch Ratings.
NPAs of Indian banks likely to decline by another 0.4 per cent by March: Fitch
New Delhi, Jan 24: The gross non-performing assets (NPAs) ratio of Indian banks may decline by another 0.4 per cent to 2.4 per cent by March 2025 followed by a further 0.2 per cent dip in the next financial year, according to rating agency Fitch.
Indian corporates headed for better credit metrics in 2025-26: Fitch
Mumbai, Jan 13: The credit metrics of rated Indian corporates are expected to improve in the next financial year (April 2025-March 2026) driven by wider EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margins, despite high capex intensity, according to the latest Fitch report.
India's demand for petroleum products expected to rise by 4 pc: Report
New Delhi, Jan 5: India's demand for petroleum products such as petrol, diesel and LPG is expected to rise by three to four per cent in the current financial year ending on March 31, 2025, according to a Fitch Ratings report.