However, Fitch has warned that a sharp or sustained rise in energy prices, given the ongoing geo-political risks, presents downside risks to the projection. On the economy, it expects the country to be among the world s fastest-growing large sovereigns, with resilient GDP growth of 6.5 per cent in FY25, marginally down from a likely 6.9 per cent GDP print this fiscal.
Fitch Ratings has affirmed Pan American Energy S.L. s Long-Term Foreign Currency Issuer Default Rating and its Long-Term Local Currency IDR at BB- .
The Rating Outlook is Stable.
Fitch has also.
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Elevated ATF prices will continue to pose a major threat to earnings and the liquidity profile of the airlines in the near to medium term. Also, the depreciation of the Indian Rupees against the US dollar (which adversely impacts lease rentals, maintenance cost and other overheads) will have a major bearing on the airlines cost structure. This apart, likely near-term relaunch of Jet Airways and the entry of low-cost domestic carrier, Akasa Air, will further intensify competition in the domestic aviation industry. The