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May 28, 2020 05:45 PM IST Forced lending to cripple

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canada goose outlet Jun 30, 2020 06:22 PM IST Fitch slashes India’s FY22 growth forecast to 8% The rating agency, however, retained its projection of Indian economy contracting by 5 percent in the current fiscal.Jun 29, 2020 07:42 PM IST Fitch affirms ‘BBB ‘ rating at GAIL, outlook negative GAIL’s dominant market position in the regulated utility gas transmission business, complemented by its diversification into other business segments, and healthy credit metrics were factors governing the rating.Jun 24, 2020 06:50 PM IST Fitch revises outlook on Housing and Urban Development Corporation to negative from stable HUDCO is a policy institution that provides housing finance and non commercial urban infrastructure financing. It is regulated by the National Housing Bank (NHB) and is under the administrative control of the Ministry of Housing and Urban Affairs.Jun 23, 2020 09:46 PM IST Auto volumes likely to recover partially in second half of FY21: Fitch Automakers reported zero sales volumes in April and more than 75 per cent Y o Y decline in May because of weaker demand as well as production disruption owing to plant closures, supply chain disruption and the lack of labour availability, the rating agency said.Jun 22, 2020 04:36 PM IST India very likely to announce another set of fiscal stimulus measures: Fitch Fitch Director Sovereign Ratings Thomas Rookmaaker said COVID 19 is still in India and it is “very likely” that the government will have to spend a bit more on fiscal measures to support the economy.Jun 11, 2020 04:52 PM IST Delisting may create governance issues in companies, Fitch Ratings warns Corporates can also simplify or reorganise complex group structures without the interference of minority shareholders through such moves, the agency noted.Jun 11, 2020 12:42 PM IST Fitch places Cairn India Holdings on Rating Watch Negative on delisting plan “The action follows the announcement by (Agarwal’s) Vedanta Resources Ltd (VRL) of its intention to delist the shares of its Indian subsidiary and CIHL’s parent, Vedanta Ltd (VLTD). CIHL’s rating is aligned with the credit profile of VLTD, which owns 100 per cent of CIHL, reflecting their strong linkages,” Fitch said in a statement.Jun 10, 2020 03:10 PM IST Indian economy to grow at 9.5% in next fiscal: Fitch Ratings Fitch ratings said that after the global crisis, India’s GDP growth is likely to return to higher levels than ‘BBB’ category peers, provided it avoids further deterioration in financial sector health as a result of the pandemic.May 28, 2020 05:45 PM IST Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings The impact of forced lending on banks’ impaired loan ratios can be anywhere between 200 and 600 basis points (bps), depending on the severity of stress and banks’ individual risk exposures and the higher regulatory provisions, Fitch Ratings said in the report on Thursday.May 26, 2020 10:30 PM IST Fitch projects Indian economy to contract 5% this fiscal “India has had a very stringent lockdown policy that has lasted a lot longer than initially expected and incoming economic activity data have been spectacularly weak,” Fitch said.May 21, 2020 06:25 PM IST Indian telcos’ mobile growth weakens on coronavirus; remains robust: Fitch Ratings “Notwithstanding the effect of the pandemic, we expect FY21 industry mobile service EBITDA to increase by about 15 percent YoY, which will outperform our Indian GDP growth forecast of 0.8 percent, as the industry will realise the full year benefit of industry wide tariff hikes of around 30 percent, effective from December 2019,” the rating agency said in a note.May 12, 2020 03:15 PM IST Fitch affirms Delhi, Hyderabad airports’ ratings at ‘BB+’ with negative outlook The Negative Outlook reflects the ongoing uncertainty relating to the timing and duration of the traffic shock and recovery caused by the coronavirus pandemic, the rating agency said on Tuesday.May 11, 2020 07:05 PM IST Fitch Ratings says higher risks to Indian oil marketing firms’ standalone profiles Fitch in a statement said the FY20 financial profiles of the three companies were likely to have been affected by large inventory losses due to the steep fall in crude oil prices in the last fortnight of March 2020 and by weakened demand during the period.Apr 30, 2020 10:05 PM IST COVID 19: Fitch downgrades viability ratings of SBI, BoB, ICICI, Axis Bank “The rating actions are driven by rapid deterioration in the operating environment for banks in the country following the coronavirus pandemic and measures to contain its spread,” the agency said.Apr 29, 2020 04:40 PM IST Fitch downgrades Italy’s debt rating to BBB Italy has been one of the hardest hit by the outbreak of the new coronavirus and is also one of the developed countries that can least afford its costs..

“We were able to lift it enough to give him some breathing space. We couldn lift it off him because it was too big,” Rapana said. “Then [Leilua] went back and got the other four Islander boys that were behind us from the Brumbies and then there was eight of us and we had enough then to lift it off this guy and help him.” That was the last time they saw Bell.

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