Mumbai: Credit rating agency Fitch Ratings has revised the outlook on IIFL Finance’s (IIFL) long-term rating to positive from stable, and affirmed the rating on IIFL’s senior secured debt at ‘B+’. The rating agency expects the company’s credit profile to improve over the next two years, particularly its business and risk profiles, asset quality and…
Indian banks are expected to emerge stronger under the Reserve Bank of India’s (RBI) upcoming regulatory reforms, which aim to bolster the financial system’s ability to absorb shocks and improve long-term stability, according to global rating agency Fitch Ratings. The report, released on Sunday, October 12, noted that the RBI’s 21 proposed measures mark a…
NEW DELHI: Fitch on Friday said it has withdrawn the ratings on Reliance Capital as the company has decided to stop participating in the agency’s rating process. “The ratings have been withdrawn as Reliance Capital has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to provide ratings…
NEW DELHI: The poor financial health of state electricity boards could pose significant business risks for power traders in the country, says rating agency Fitch. In a report released today, Fitch Ratings said the credit risk of power traders has become “riskier” due to profitability and liquidity constraints faced by state power utilities. “If these…