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Recovering petroleum demand to support OMCs profitability: Fitch

Mumbai, Feb 16 : Recovering demand for petroleum products is supporting the profitability of India’s oil marketing companies, Fitch Ratings said. The ratings agency cited...

Fitch may downgrade India to junk rating: Nomura

New Delhi, Feb 3 : Global rating agencies may view Indias fiscally expansive Budget proposals “negatively” and there is a risk of one of...

Centre’s reforms can raise medium-term growth rate: Fitch Ratings

New Delhi, Nov 20 : Global ratings agency Fitch expects that the Centre’s reform agenda in response to the coronavirus pandemic shock has the...

Fitch raises India’s FY21 GDP forecast to (-) 9.4%

New Delhi, Dec 8 : Global credit rating agency Fitch on Tuesday raised its FY21 GDP growth forecast for India by predicting a narrower...

Fitch downgrades Saudi credit rating over military tensions

Dubai: Fitch Ratings on Monday downgraded Saudi Arabia’s credit rating by one notch, citing “rising geopolitical and military tensions in the Gulf region” after unprecedentedly...

India’s banks’ recovery faces asset-quality risks: Fitch Ratings

Mumbai, March 8 : The impact of the Covid-19 pandemic is likely to pose challenges to the Indian banks’ improving financial performance once asset-quality...

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