Adani Ports, Adani Transmission at 'higher contagion risk': Fitch
The liquidity position at all Adani Group rated entities or restricted groups would benefit from cash flow generation from January 2023 to March 2024, says Fitch.
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March 2023
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October 2022
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June 2022
Fitch affirms ‘BBB-’ rating to Adani Ports; maintains stable outlook
Adani Ports’ internal cash surplus is sufficient to cover its near-term operations and debt obligations as well as its budgeted capex, says Fitch
Fitch affirms Adani Transmission’s rating at 'BBB-'; stock falls 5%
Adani Transmission's restricted group credit assessment is not directly affected by the alleged malpractices at Adani group highlighted in Hindenburg report, says Fitch.
Improvement in financial performance bodes well for Indian banks: Fitch
Increased write-offs, higher loan growth, and improvement in asset quality have boosted the financial performance of Indian banks, says Fitch.
Indian banks to face margins pressure in FY24: Fitch
Fitch expects the Indian banking sector's average NIM to slightly contract by about 10 basis points in FY24 to 3.45%.
No immediate impact on credit ratings of Adani group firms: Fitch
The agency says it will be looking at any major changes to Adani group entities’ access to financing or cost of financing on a long-term basis.
Risk to India's sovereign rating from external pressures is limited: Fitch
India's foreign-exchange reserves to remain robust, says Fitch Ratings.
Rising rates to improve margins for Indian banks: Fitch
Indian banks’ net interest margins are expected to widen by 20 bps-30 bps in the near term, based on the assumption that the repo rate will reach 5.9% by December 2022 and 6.15% by the end of 2023.
Fitch upgrades outlook on 4 Adani group cos; affirms ratings
The outlook of Adani Ports, Adani Green Energy, Adani International Container Terminal, and Adani Transmission have been revised to stable from negative.
Fitch revises India outlook to stable on recovery, growth prospects
The rating also balances India's external resilience from solid foreign-exchange reserve buffers against some lagging structural indicators.
