June 18, 2020 / 4:28 AM / 16 days ago

BRIEF-Fitch Revises India's Outlook To Negative, Affirms IDR At 'BBB-'

June 18 (Reuters) - Fitch Ratings:

* FITCH REVISES INDIA’S OUTLOOK TO NEGATIVE, AFFIRMS IDR AT ‘BBB-‘

* FITCH REVISES INDIA’S OUTLOOK TO NEGATIVE, AFFIRMS IDR AT ‘BBB-‘

* FITCH EXPECTS ECONOMIC ACTIVITY IN INDIA TO CONTRACT BY 5% IN FISCAL YEAR ENDING MARCH 2021 (FY21)

* FITCH SAYS CORONAVIRUS PANDEMIC SIGNIFICANTLY WEAKENED INDIA’S GROWTH OUTLOOK FOR THIS YEAR;EXPOSED CHALLENGES ASSOCIATED WITH HIGH PUBLIC-DEBT BURDEN

* FITCH SAYS INDIA’S MEDIUM-TERM GDP GROWTH OUTLOOK MAY BE NEGATIVELY AFFECTED BY RENEWED ASSET-QUALITY CHALLENGES IN BANKS AND LIQUIDITY ISSUES IN NBFC

* FITCH SAY IT EXPECTS RBI TO CUT ITS POLICY RATE BY AT LEAST ANOTHER 25BP THIS FISCAL YEAR Source text for Eikon:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below