Fitch India Ratings

NBFCs, HFCs to Face Funding Headwinds: Fitch India Ratings

India Ratings and Research (Ind-Ra) has revised its sector outlook on NBFCs to negative from stable. The agency has maintained its negative outlook on large ticket HFCs. Ind-Ra expects structured finance (SF) rated transactions to remain stable in the second half of FY20, on account of cherry-picked loans, significant amortisation, minimum utilisation of credit enhancement and the consistently robust performance of underlying retail and commercial loan assets when compared to overall industry trends, it said.