Month: October 2011

Fitch withdraws Reliance Capital ratings

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Fitch withdraws Reliance Capital ratings

NEW DELHI: Fitch on Friday said it has withdrawn the ratings on Reliance Capital as the company has decided to stop participating in the agency’s rating process. “The ratings have been withdrawn as Reliance Capital has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to provide ratings … Read more

Discoms’ poor financial health poses risks for power traders: Fitch

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Discoms’ poor financial health poses risks for power traders: Fitch

NEW DELHI: The poor financial health of state electricity boards could pose significant business risks for power traders in the country, says rating agency Fitch. In a report released today, Fitch Ratings said the credit risk of power traders has become “riskier” due to profitability and liquidity constraints faced by state power utilities. “If these … Read more