New Delhi : Fitch Ratings on Tuesday said that the recent heatwaves in India are unlikely to impact the ratings of the power-generation companies (gencos) in their portfolio in the near term, although they could contribute to higher power prices. The India Meteorological Department has forecast that the country would experience above-normal temperatures and an […]
Fitch Ratings Affirms ‘BBB-‘ Rating On ‘Adani’ Ports With Stable Outlook – EQ Mag
Fitch Ratings on Thursday affirmed its ‘BBB-‘ rating on Adani Ports and Special Economic Zone Limited with a stable outlook, saying the Hindenburg report has a limited near-term impact on APSEZ’s cost of funding. Hindenburg Research in a January 24 report accused Adani group of “brazen stock manipulation and accounting fraud” and using a number […]
India’s green bonds show policy focus on climate mitigation: Fitch Ratings – EQ Mag
The sovereign green bonds issued by India reflects the growing policy focus to scale up domestic financing capacity on climate mitigation and adaptation, said credit rating agency Fitch Ratings. “We expect the bonds to be held largely by domestic investors, incentivised by the national climate policy to mobilize financing resources for green activities,” Fitch Ratings […]
Indian Renewable Power Generators Face Modest Gains from Spiking Power Demand – EQ Mag Pro
Hong Kong/Singapore : Supply factors are likely to limit near-term growth opportunities for Indian renewable power generators stemming from the country’s current heat wave and high fossil-fuel prices, says Fitch Ratings. Nonetheless, their medium-term prospects remain strong and are supported by government policies to diversify India’s energy base away from fossil fuels. Rising power demand […]
Portfolio Mix, Debt Structure Drive APAC Renewable Issuers’ Ratings
Fitch Ratings-Singapore-03 May 2021: Portfolio mix, debt structure and financial profile are the key rating differentiators for APAC renewable issuers rated under Fitch Ratings’ Infrastructure and Project Finance Rating Criteria, says the agency in a peer review. The underlying credit assessments of 10 rated portfolios range from ‘bb-‘ to ‘bbb’. Fitch considers variance in actual […]
Fitch Rates Greenko Dutch’s Proposed USD Notes ‘BB’
(The following statement was released by the rating agency) Fitch Ratings-Singapore-02 March 2021: Fitch Ratings has assigned a rating of ‘BB’ to the proposed US dollar senior notes of Greenko Dutch B.V (GBV), which is a restricted group of subsidiaries owned by Greenko Energy Holdings (Greenko; BB/Stable), a Mauritius‐based company focused on renewable-energy generation in […]
Fitch Ratings revises outlook of 9 Indian banks’ IDRs to negative
Fitch Ratings has revised the outlook to negative from stable on long-term issuer default ratings (IDRs) of nine India-based banks while affirming their IDRs, support ratings and support rating floors. They are Export-Import Bank of India (EXIM), State Bank of India, Bank of Baroda, Bank of Baroda (New Zealand) Ltd, Bank of India, Canara Bank, […]