Key Points
New Delhi [India], January 26 (ANI): Fitch Ratings has reported a further deterioration in its portfolio of Asia-Pacific (APAC) corporates during the fourth quarter of 2023...
As per Fitch Ratings, the cumulative net downgrades have reached a record high of 235 since early 2019, underscoring the ongoing challenges faced by businesses in the region...
Fitch Ratings notes a modest reduction in the number of net rating actions for the last 12 months, with a negative 25 reported in 4Q23 compared to a negative 28 in the previous quarter and a more significant negative 70 in the same period in 2022...
The stability in the proportion of Negative Outlooks at around 9 per cent by the end of 4Q23, compared with the end of the third quarter, is seen as a noteworthy development...
However, Fitch Ratings highlights weak liquidity as the primary reason for rating actions during the quarter, indicating financial stress across various entities...
You might be interested in
Govt's gross liabilities rise to Rs 160.69 lakh crore at Dec-end: Finance Ministry
28, Mar, 24The finance ministry reported a slight increase in the total gross liabilities of the government to Rs 160.69 lakh crore by December 2023 from Rs 157.84 lakh crore in September. Public debt comprised 90 percent of total gross liabilities during this period. The quarter saw fluctuations in Indian domestic bond yields, influenced by factors like declining crude oil prices, lower-than-expected domestic CPI prints, and news about possible inclusion of Indian Government Bonds in a major global emerging market index.
SBI posts 9.13 per cent rise in consolidated net profit to Rs 16,099 crore in Q2
04, Nov, 23India Business News: The country's largest lender SBI on Saturday reported a 9.13 per cent growth in consolidated net profit for the September quarter to Rs 16,099.58 cror
Fitch affirms United States' ratings at 'AA ', outlook ‘stable’, despite projected slowdown in 2024
02, Mar, 24Fitch maintained strong US credit rating despite economic slowdown, projects improvement in government deficit but warns of rising interest burden. Separately, Fitch downgraded NYCB due to internal control issues and high real estate exposure.
Q1 results today: Adani Total, Metro Brands to PVR INOX — 39 companies to declare Q1 results 2023
01, Aug, 23Q1 results today: 39 listed companies that are going to declares their respective Q1 results 2023 include Dalmia Bharat Sugar, Escorts Kubota, KPR Mills, Anupam Rasayan, etc
HDFC Bank Q4 net profit grows to Rs 17,622 cr
21, Apr, 24Mumbai, Apr 20 (PTI) HDFC Bank on Saturday reported a 2.11 per cent growth in consolidated net profit to Rs 17,622.38 crore for the March 2024 quarter against Rs 17,257.87 crore in the preceding December quarter. On a standalone basis, the country’s largest private sector lender reported a net profit of Rs 16,511.85 crore compared […]
Sansar Trust Nov 2023's proposed pool change has no impact on rating, affirms Fitch Ratings
06, Jan, 24New Delhi [India], January 6 (ANI): Fitch Ratings has clarified that the proposed changes to the pool composition of Sansar Trust Nov 2023 will not impact its current ‘BBB-(EXP)sf’ rating. The credit enhancement (CE) available remains sufficient to absorb potential stresses, according to Fitch Ratings. According to Fitch Ratings, the proposed alterations to the transaction’s […]