
Fitch downgrades US credit rating to AA+; will it impact Indian markets?
The impact on the Indian stock markets could likely to be negative but not large since the U.S. economy is now headed for a soft landing and not a recession, says expert
The impact on the Indian stock markets could likely to be negative but not large since the U.S. economy is now headed for a soft landing and not a recession, says expert
Fitch expects RBI to pause its rate cycle for the time being before cutting early next year
Adani Green Energy Restricted Group 1's (AGEL RG1) $500 million five-year senior secured notes due in 2024 will be used to refinance its debt.
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.
Adani Ports’ internal cash surplus is sufficient to cover its near-term operations and debt obligations as well as its budgeted capex, says Fitch
Adani Transmission's restricted group credit assessment is not directly affected by the alleged malpractices at Adani group highlighted in Hindenburg report, says Fitch.
Increased write-offs, higher loan growth, and improvement in asset quality have boosted the financial performance of Indian banks, says Fitch.
Fitch expects the Indian banking sector's average NIM to slightly contract by about 10 basis points in FY24 to 3.45%.
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.
India's foreign-exchange reserves to remain robust, says Fitch Ratings.