The rating agency said the post-pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation...

The negative outlook on the rating reflects lingering uncertainty around the medium-term debt trajectory, particularly given India’s limited fiscal headroom...

Fitch Ratings said demand from rural housing, which accounts for nearly a third of the total domestic market, may decrease to a larger extent...

JPMorgan says rating agencies are making “a leap of faith” by holding fire at the moment...

It further said that an increase in infections and social distancing restrictions pose downside risks to its 12.8% growth projection for the current fiscal...

At present, India’s sovereign rating is one notch above junk, and any downgrade will increase borrowing costs both for the government and companies...

Goldman Sachs has sharply cut its 2020-21 GDP forecast to a contraction of 14.8%...

A higher market share, apart from cost-cutting measures, will allow airlines such as IndiGo to improve their performance...

The rating agency said there would now be more uncertainty over the asset quality of banks...

Fitch forecast that the company’s net debt/EBITDA will fall to 0.6x in 2020-21 from 2.3x in 2019-20...