March 26, 2020 / 7:46 AM / 9 days ago

BRIEF-Fitch Says Coronavirus Worsens Indian Banks' Already Weak Operating Conditions

March 26 (Reuters) - Fitch:

* FITCH SAYS CORONAVIRUS WORSENS INDIAN BANKS’ ALREADY WEAK OPERATING CONDITIONS

* FITCH ON INDIAN BANKS SAYS OUTLOOK ON OPERATING ENVIRONMENT IS ‘NEGATIVE’ DUE TO UNCERTAINTY SURROUNDING SEVERITY AND DURATION OF PANDEMIC

* FITCH SAYS DOES NOT EXPECT INDIAN BANKS’ ISSUER DEFAULT RATINGS TO FACE DOWNWARD RATING PRESSURE IN NEAR TERM Source text for Eikon:

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