Fitch assigns ‘Neutral’ rating to UltraTech post stake buy in India Cements
The agency expects consolidation in India’s cement industry to continue in the medium term.
The agency expects consolidation in India’s cement industry to continue in the medium term.
India's robust economic growth will boost demand at corporates, despite weakness from slowing growth in key overseas markets, says Fitch
Fitch expects RBI to pause its rate cycle for the time being before cutting early next year
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.
The latest note by JP Morgan comes four days after Fitch said there's no immediate impact on the credit ratings of Adani group entities and securities after the Hindenburg report.
Fitch expects the Indian banking sector's average NIM to slightly contract by about 10 basis points in FY24 to 3.45%.
The Adani group is deeply overleveraged, warns CreditSights.
While Indian banks' improved financial metrics do not fully reflect the impact of the Covid-19 pandemic, the under–capitalised PSBs are likely to remain risk averse and lose market share.
The government’s partial credit guarantee on asset purchases does not address investors’ long-term concerns about the sector’s exposure to stressed real estate: Fitch Ratings.
Assumptions that corporate governance at private banks is generally stronger than at state-owned banks due to better-qualified board members and more professional management, could come under question if the investigations expose misconduct at ICICI Bank.