Fitch

  • Defeat of Congress may lead to higher fiscal deficit: Fitch 10-12-2013 02:45 PM

    Global rating agency Fitch on Tuesday expressed fear that the defeat of Congress in four of the five state Assembly elections could lead to higher fiscal deficit target as the government would be constrained to curb expenditure. "The setback faced by the Congress Party in state elections could potentially raise...
  • Fitch revises India's outlook to stable from negative 12-06-2013 05:05 PM

    New Delhi: Bringing cheer to the government struggling to arrest rupee's slide, global rating agency Fitch on Wednesday revised India's sovereign credit outlook to stable from negative. Taking note of the government's efforts to contain fiscal deficit, Fitch Ratings revised India's Outlook to Stable from Negative and affirmed 'BBB-' rating....
  • Rupee recovers from record low; up 60 paise as Fitch revises outlook 12-06-2013 09:49 AM

    Mumbai: Raing agency Fitch has revised India's rating from negative to stable. Fitch has said that fiscal deficit targets will be met, which will strengthen the rupee. The rupee on Wednesday gained 60 paise to close at 57.79 against the dollar after Fitch revised India's credit outlook. Also, heavy dollar...
  • Abercrombie & Fitch CEO doesn't want XL or XXL people shopping in his store 09-05-2013 04:24 PM

    New Delhi: Mike Jeffries, the eccentric CEO of the US clothing retailer Abercrombie & Fitch has done it again. Vocally against large sized men and women, Jeffries has been quoted as saying in news reports that he doesn't want "larger people shopping in his store" triggering a social media backlash....
  • Finance Ministry pitches for ratings upgrade with Fitch 12-04-2013 04:53 PM

    New Delhi: The Finance Ministry on Friday made a strong case for rating upgrade of Indian economy by global agency Fitch on the back of increasing investments, declining import of gold and government's commitment to fiscal prudence. The issue of rating upgrade was raised by Finance Ministry officials at a...
  • Sony at greater risk than Panasonic in electronics downturn: Fitch 23-11-2012 02:53 PM

    Tokyo:<>/b Panasonic Corp has a better chance than rival Sony Corp of surviving Japan's consumer electronics slump because of its unglamorous but stable appliance business of washing machines and fridges, credit rating agency Fitch said Friday. Fitch cut Panasonic's rating by two notches to BB and Sony three notches to...
  • Fitch downgrades Hungary to junk status 07-01-2012 12:26 AM

    Budapest: Fitch Ratings downgraded Hungary's credit grade to junk status on Friday, citing a standoff between the country and the European Union and the International Monetary Fund over rescue loans. Fitch, which followed similar moves from Moody's and S&P, kept a negative outlook, indicating a more than a 50 per...
  • Rising coal costs to hit India power projects: Fitch 21-12-2011 04:51 AM

    Mumbai: The rising cost of imported coal, coupled with a weakening rupee, could force some Indian power projects to default on their debt obligations, ratings agency Fitch said on Tuesday. Fitch estimated that the average cost of generation could rise to 4.41 rupees (8 cents) per kilowatt hour for projects...
  • Fitch warns may downgrade 6 euro zone nations 17-12-2011 09:37 AM

    New York: Fitch Ratings on Friday warned it may downgrade Belgium, Italy, and four other euro zone countries in the absence of a "comprehensive solution" to the region's debt crisis. The ratings agency placed the ratings of Belgium, Spain, Slovenia, Italy, Ireland and Cyprus in credit watch negative, which means...
  • Fitch warns of US downgrade if no budget deal 29-11-2011 07:58 AM

    New York: Fitch Ratings gave the United States until 2013 to come up with a "credible plan" to tackle its ballooning budget deficit or risk a downgrade of the country's coveted AAA rating. The ratings agency on Monday revised to negative from stable the outlook on the US credit rating...
  • US rating likely to be downgraded again: Merrill 24-10-2011 07:30 AM

    New York: The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts. The trigger would be a likely failure by Congress to agree on...
  • Fitch downgrades Italian, Spanish debt ratings 08-10-2011 02:57 AM

    Rome: The Fitch agency downgraded its sovereign credit rating for Italy and Spain on Friday and said its long-term outlook for both countries was negative, citing high debt and poor prospects for growth. Separately, Fitch also said it was keeping Portugal's debt rating on watch for a possible downgrade, with...
  • Vodafone deal not really 'cheap' 15-02-2007 01:28 AM

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