Tag: Fitch Ratings

Health

Fitch, Well being Information, ET HealthWorld

Mumbai: Indian pharmaceutical corporations' gross sales will develop robustly within the monetary 12 months ending March 2022 (FY22) as gross sales normalise in classes affected by the pandemic in earlier 12 months, Fitch Ratings has stated.Most pharma corporations reported resilient working efficiency in FY21, benefitting from gradual stabilisation after 1Q FY21, geographical diversification and gross sales of pandemic-related medication.Fitch expects gross sales of medication used to deal with acute medical situations and elective procedures to proceed to recuperate in FY22. Gross sales in these classes fell in FY21 as journey restrictions lowered physician visits and hospitals prioritised Covid-19 treatment over elective procedures.Gross sales of a few of these merchandise are nonethele...
Business

GDP development projections tumble like ninepins as Covid will get deadlier, Authorities Information, ET Authorities

The expansion projections which had been wanting rosy for the fiscal forward are all of the sudden turning awry with lockdowns and restrictions forcing downward projections.Whereas S&P has warned of a lower in its GDP growth outlook, SBI and ICRA have lower projections because the lethal Covid wave spreads hinterland. Care Rankings revised downwards its FY22 GDP forecast to 10.2 per cent from 10.7-10.9 per cent. International ranking company Fitch Ratings has forecast a 12.8 per cent GDP development in FY22.Different international and home brokerages together with Nomura, JP Morgan, UBS, Care Rankings, Citi Financial institution, have revised their development projections for India downwards. Equally, India Rankings and Analysis now forecast India’s GDP development fee to be 10.1 per c...
Business

Fitch withdraws Reliance Capital rankings

NEW DELHI: Fitch on Friday mentioned it has withdrawn the rankings on as the corporate has determined to cease collaborating within the company's score course of. "The rankings have been withdrawn as Reliance Capital has chosen to cease collaborating within the score course of. Due to this fact, Fitch will not have enough data to offer rankings or analytical protection of Reliance Capital," Fitch Ratings mentioned in a press release. A number one monetary providers firm Reliance Capital, an Anil Ambani group agency, has pursuits in various areas together with asset administration, mutual funds, portfolio administration providers, life and normal insurance coverage. Source link
Business

Discoms’ poor monetary well being poses dangers for energy merchants: Fitch

NEW DELHI: The poor monetary well being of state electrical energy boards may pose vital enterprise dangers for energy merchants within the nation, says ranking company Fitch. In a report launched at present, Fitch Ratings stated the credit score threat of energy merchants has turn out to be "riskier" because of profitability and liquidity constraints confronted by state energy utilities. "If these utilities are having liquidity issues that are resulting in delays or defaults of their obligation to energy merchants, then this in flip will increase the enterprise threat for energy merchants," it famous. This might lead buyers in energy buying and selling firms to both search larger return on the investments or search alternate avenues for funding. Main energy merchants embrace...