American credit rating agency
Fitch's negative outlook for China is bad news for stalling economy: Beijing is battling deflation and an ongoing property-market crisis that the ratings agency ...
businessinsider.com/china-economy-debt-property-market-crisis-fitch-downgrade-xi-jinping-2024-4
Quick Glance: Fitch downgrades China's sovereign credit outlook
- Fitch Ratings has downgraded China’s sovereign credit outlook to negative, prompting pushback from Beijing.
- The downgrade reflects “increasing risks to China’s public finance outlook” as the country attempts to move away from real estate-led growth.
- Fitch said it expected the government deficit to rise to 7.1 percent of gross domestic product (GDP) in 2024, up from 5.8 percent last year.
- China’s economy, the world’s second-largest, is grappling with slowing growth amid a host of headwinds, including a shrinking population, weak consumption, a prolonged real estate slump, and capital outflows.
S&P, Fitch Ratings Say Thailand Debt Binge Pose Risk to Fiscal Consolidation: Thailand’s surprise move this week to take on more debt to stimulate its economy ...
bloomberg.com/news/articles/2024-04-05/s-p-fitch-say-thai-debt-binge-pose-risk-to-fiscal-consolidation
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Thames Water Parent Kemble's Rating Cut by Fitch to Two Steps Above Default: Fitch Ratings cut Kemble Water Finance Limited, the holding company of Thames ...
bloomberg.com/news/articles/2024-04-04/fitch-cuts-thames-water-parent-kemble-to-two-steps-above-default
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#MintCharts | The International Monetary Fund (IMF) on Tuesday raised India’s economic growth projection for 2024-25 to 6.8% from 6.5% projected in January ... Show more
Israel Retains A+ Rating as Fitch Assesses Ongoing Gaza War: Fitch Ratings affirmed Israel’s long-term sovereign debt rating at A+ while downgrading the ...
bloomberg.com/news/articles/2024-04-02/israel-retains-a-rating-as-fitch-assesses-ongoing-gaza-war
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Delta Air's revenue reaches a record altitude; more disclosure for broadband prices
postandcourier.com/delta-airs-revenue-reaches-a-record-altitude-more-disclosure-for-broadband-prices/article_b84feede-f73d-11ee-818a-237778c0ba74.html
Immigration boosting US economy and labor, but risks oversupply: Fitch: The surge of immigration into the US is supporting the blowout jobs market ...
businessinsider.com/immigration-us-labor-jobs-market-growth-recession-oversupply-outlook-layoffs-2024-4
What Thames Water parent firm’s default means for customers: Kemble Water Finance has announced it will default on interest payments on a £400m debt
inews.co.uk/news/business/thames-water-parent-firm-default-customers-2994166
Ringgit to strengthen in 2H24, end 2025 at RM4.40 vs US$ - BMI: KUALA LUMPUR: BMI, a Fitch Solutions company, expects ringgit to continue to strengthen in the ...
thestar.com.my/business/business-news/2024/04/08/ringgit-to-end-2025-at-rm440-vs-us---bmi
CX Daily: China Regrets Fitch’s Downward Revision of Its Outlook - mailchi.mp/caixin/cx-daily-june-9-asias-ruined-run-of-pandemic-success-279575
Central Bank eases securities maintenance rules for lenders - Latest News: The Central Bank has announced that it will scrap the implementation regarding ...
hurriyetdailynews.com/central-bank-eases-securities-maintenance-rules-for-lenders-192239
Fitch ratings affirms Israel's A+ rating with negative outlook : Fitch ratings has affirmed Israel's long-term sovereign debt rating at a+ ...
wionews.com/videos/fitch-ratings-affirms-israels-a-rating-with-negative-outlook-707114
Pan Brothers posts 2023 loss amid cash flow trouble - Companies - The Jakarta Post
thejakartapost.com/business/2024/04/01/pan-brothers-posts-2023-loss-amid-cash-flow-trouble.html
Panama at a Crossroads: Credit Downgrade Shakes Market Confidence: Fitch Ratings has downgraded Panama's credit rating to BB+, removing its investment grade ...
riotimesonline.com/panama-at-a-crossroads-credit-downgrade-shakes-market-confidence/
Panama Credit Rating Cut to Junk by Fitch Amid Mine Spat; Bonds Slide: Fitch Ratings stripped Panama of its investment-grade credit rating as the closure of a ...
bloomberg.com/news/articles/2024-03-28/panama-cut-to-junk-by-fitch-amid-mine-spat-bonds-slide
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Boeing might be headed for a ratings downgrade as the 2024 hits keep coming: Moody's put two of Boeing's ratings on review for downgrade
qz.com/boeing-moodys-ratings-review-downgrade-1851367459
Paid articlePaidQuick Glance: Implications of Boeing CEO's Resignation on Aircraft Manufacturer
- Dave Calhoun, the CEO of Boeing, is set to resign by the end of the year, with additional top executives leaving the company amidst safety concerns tarnishing its reputation following an incident involving an Alaska Airlines 737 Max in January.
- It is emphasized that most Boeing aircraft remain safe, but only time will reveal whether the restructuring in the corporate leadership leads to tangible positive changes.
- Implementing a cultural shift in a vast company like Boeing can prove to be a complex task, particularly for the incoming CEO tasked with rebuilding the company's image.
- Despite thorough investigations and changes at the helm of Boeing, it is crucial to highlight that the company's airplanes are safe and continue to be maintained by dedicated professionals to ensure safety in the aviation industry.
US banks face loss risk from multi-family property loan exposure, says Fitch: U.S. banks with significant lending exposure to some multi-family properties and ...
reuters.com/business/finance/us-banks-face-loss-risk-multi-family-property-loan-exposure-says-fitch-2024-03-27/
Swedish Landlord SBB Cut by Fitch Amid Need for Liquidity: SBB, the landlord at the center of Sweden’s property crisis, saw its senior unsecured debt rating ...
trib.al/3mVrlP4
Qatar’s Credit Rating Upgraded to AA From AA- by Fitch: Qatar was upgraded to AA from AA- by Fitch Ratings, lifting the gas-rich country’s credit rating above ...
bloomberg.com/news/articles/2024-03-20/qatar-s-credit-rating-upgraded-to-aa-from-aa-by-fitch
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LAX's long-promised rail link, the People Mover, likely delayed until late 2025: A strained relationship between LAX and the People Mover contractor has led to ...
latimes.com/california/story/2024-03-29/lax-people-mover-likely-delayed-until-2025
Fitch cuts Boeing's rating outlook to 'stable', sees lower MAX deliveries: Fitch Ratings on Friday cut its rating outlook on Boeing to "stable" from "positive ...
reuters.com/business/aerospace-defense/fitch-cuts-boeings-rating-outlook-stable-sees-lower-max-deliveries-2024-03-15/
Fitch says Egypt must prove reforms are lasting before credit rating action: Egypt's blockbuster cash infusions, currency devaluation and interest rate hike are ...
reuters.com/markets/fitch-says-egypt-must-prove-reforms-are-lasting-before-credit-rating-action-2024-03-15/
NYCB Cut to Junk by Fitch After Disclosing Material Weaknesses: New York Community Bancorp’s credit grade was cut to junk by Fitch Ratings ...
bloomberg.com/news/articles/2024-03-01/nycb-cut-to-junk-by-fitch-after-disclosing-material-weaknesses
Paid articlePaid The looming office-real-estate crash will be worse than the 2008 era: Office values have dropped an estimated 35% this cycle and have yet to bottom out ...
businessinsider.com/office-commercial-real-estate-cre-crash-2008-gfc-delinquency-vacancy-2024-3
Germany’s economy is functioning so far below its capacity that a meaningful recovery is likely to take hold in coming years, according to Fitch Ratings trib.al/r7bLvUl
Fitch downgrades NY Community Bancorp to BB+, outlook negative: Fitch Ratings has downgraded New York Community Bancorp and its bank subsidiary Flagstar Bank to ...
reuters.com/markets/us/fitch-downgrades-ny-community-bancorp-bb-outlook-negative-2024-03-01/
Quick Glance: NYCB: Stock Plunges Below $4
- New York Community Bank faces declining stock prices and financial troubles.
- NYCB shares dropped 25% after the company restated its quarterly earnings lower.
- Investors are concerned about loan losses and deposit stability as internal control issues are revealed.
- The bank is grappling with existential questions after credit ratings were downgraded and leadership changes were made.
91% of the US housing market is still overvalued, Fitch Ratings says: "High mortgage rates and elevated home prices, which aggravate the affordability issue ...
businessinsider.com/us-housing-market-overvalued-price-growth-mortgage-supply-fitch-ratings-2024-3
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Fitch ups Türkiye Wealth Fund's rating to B+, outlook to positive: The credit rating agency Fitch announced Tuesday it upgraded Türkiye Wealth Fund's (TWF) ...
dailysabah.com/business/economy/fitch-ups-turkiye-wealth-funds-rating-to-b-outlook-to-positive
Tourist arrivals in Oman to breach record levels in 2024: A report by BMI, a Fitch Solutions Company, has forecast arrivals in Oman to grow by 24 ...
muscatdaily.com/2024/03/26/tourist-arrivals-in-oman-to-breach-record-levels-in-2024/
Tourist arrivals into Oman to surpass 5-million mark in 2024: MUSCAT: Affirming the positive outlook surrounding Oman’s rapidly rebounding tourism sector ...
omanobserver.om/article/1151425/business/tourism/tourist-arrivals-into-oman-to-surpass-5-million-mark-in-2024
Ajman Bank Receives BBB+ Fitch Rating with Stable Outlook: Fitch Ratings has affirmed Ajman Bank PJSC's (AJB) Long-Term Issuer Default Rating (IDR) at 'BBB+' ...
emirates247.com/business/economy-finance/ajman-bank-receives-bbb-fitch-rating-with-stable-outlook-2024-03-26-1.730690
Banks set to implement Basel capital: KUALA LUMPUR: The majority of Asia-Pacific banking jurisdictions are set to take the latest global iteration of Basel ...
thestar.com.my/business/business-news/2024/03/26/banks-set-to-implement-basel-capital
Red states are big winners of Biden’s landmark laws: Last month, battery recycling company Redwood Materials broke ground on a $3.5 billion battery plant in ...
cnn.com/2024/02/14/business/manufacturing-jobs-biden/
Paid articlePaid Saudi Arabia Oil Needs Go Up as Fitch Says Budget Balances at Over $90: Saudi Arabia will need oil prices to average more than $90 a barrel this year to balance ...
bloomberg.com/news/articles/2024-02-05/saudi-oil-needs-go-up-as-fitch-says-budget-balances-at-over-90
Paid articlePaid Red Sea attacks sent freight costs up 150% - it's bad news for the Fed: Houthi attacks in the Red Sea have pushed shipping costs up, which could add 0 ...
markets.businessinsider.com/news/commodities/red-sea-attacks-shipping-costs-core-inflation-fed-policy-fitch-2024-2
NorthPark Center lands $650M refinancing, plans $71.4M in improvements: NorthPark Center has scored a $650 million commercial mortgage loan as the mall’s ...
dallasnews.com/business/real-estate/2024/03/01/northpark-center-lands-650-million-refinancing-with-plans-for-improvements/
Fitch affirms Kuwait’s AA- rating with stable outlook : RIYADH: Kuwait’s foreign and local currency sovereign credit ratings have been affirmed at AA- with a ...
arabnews.com/node/2478116/business-economy
Fitch: Scrutiny of private equity deals is short-term positive: Fitch Ratings said the federal government's increased scrutiny of healthcare transactions could ...
modernhealthcare.com/mergers-acquisitions/fitch-ftc-providers-credit
Paid articlePaid Fitch raises global, Türkiye's 2024 GDP growth outlook: The Fitch Ratings agency revised the global economic growth forecast by 0.3 percentage points to 2 ...
dailysabah.com/business/economy/fitch-raises-global-turkiyes-2024-gdp-growth-outlook
Tata Group shares slip by 12% amid talks of Tata Sons trying to avoid IPO: Shares of Tata Group companies are down up to 12 per cent on profit booking on the BSE ...
business-standard.com/markets/news/tata-group-shares-slip-by-12-amid-talks-of-tata-sons-trying-to-avoid-ipo-124031100154_1.html
IIFL Finance hits lowest level since Oct' 22; stock tanks 42% in 2 weeks: Multiple rating agencies including Fitch Ratings, Brickwork Ratings India ...
business-standard.com/markets/news/iifl-finance-hits-lowest-level-since-oct-22-stock-tanks-42-in-2-weeks-124031500320_1.html
Paid articlePaid Türkiye to keep tightening fiscal policy to help trim inflation: Treasury and Finance Minister Mehmet Şimşek on Monday said the government would continue to ...
dailysabah.com/business/economy/turkiye-to-keep-tightening-fiscal-policy-to-help-trim-inflation
Türkiye’s economic policy pivot 'more durable’: Fitch analyst: Fitch Ratings has 'greater confidence” that Türkiye’s current economic policy pivot is 'more ...
dailysabah.com/business/economy/turkiyes-economic-policy-pivot-more-durable-fitch-analyst
Fitch expects IPO momentum in GCC to continue in 2024: RIYADH: Government pledges for privatization will drive the momentum of initial public offerings in the ...
arabnews.com/node/2474836/business-economy
Türkiye hails policy shift success after securing Fitch upgrade: Officials on Saturday praised the success of Türkiye's policy shift since last June ...
dailysabah.com/business/economy/turkiye-hails-policy-shift-success-after-securing-fitch-upgrade
BNM may keep OPR unchanged at 3% for the year: Research houses have forecasted robust gross domestic product growth of 4.4% to 5% for the year 2024 ...
freemalaysiatoday.com/category/business/2024/03/08/bnm-may-keep-opr-unchanged-at-3-for-the-year/
BoU projected to hold policy rate at 9.50%: This was largely driven by statistical base effects and the lagged impact of exchange rate depreciation on import ...
monitor.co.ug/uganda/news/national/bou-projected-to-hold-policy-rate-at-9-50--4542788
Caucasus: The credit outlook for the region is generally good – ratings agency: Geopolitics could cause sudden changes in fiscal conditions.
eurasianet.org/caucasus-the-credit-outlook-for-the-region-is-generally-good-ratings-agency
After lowering their economic outlook for the Czech Republic to negative in 2022, Fitch Ratings has now revised it to stable ... Show more expats.cz/r/bzkkf
Fitch, Moody’s raise concerns about fiscal policy under Prabowo leadership - Economy - The Jakarta Post
thejakartapost.com/business/2024/02/22/fitch-moodys-raise-concerns-about-fiscal-policy-under-prabowo-leadership.html
Credit ratings: Rating agencies put Pfandbriefbank and Aareal under pressure: The investment in US commercial real estate is now having consequences for two ...
handelsblatt.com/finanzen/banken-versicherungen/banken/bonitaetsnoten-ratingagenturen-setzen-pfandbriefbank-und-aareal-unter-druck/100015223.html
Pakistan faces default risks sans IMF deal: Fitch: Amid prevailing political uncertainty following the February 8 general elections marred by rigging allegations ...
thenews.com.pk/latest/1159295-pakistan-faces-default-risks-without-imf-deal-fitch
CBN FX gateway bank may impact banks’ liquidity – Fitch: Fitch Ratings has said that the proposed foreign currency gateway bank announced by the CBN may harm the ...
punchng.com/cbn-fx-gateway-bank-may-impact-banks-liquidity-fitch/
Another agency has improved Oklahoma's credit rating to 'positive.' What does that mean?
oklahoman.com/story/news/politics/state/2024/02/15/what-is-oklahomas-credit-rating-fitch-ratings-moodsy-standard-poor/72604137007/
Paid articlePaid Saudi Arabia closes its February sukuk issuance at $2.10bn: RIYADH: Saudi Arabia concluded its riyal-denominated sukuk issuance above the $2 billion mark for the ...
arabnews.com/node/2459776/business-economy
Fitch Ratings foresees modest recovery for Finnish economy in 2024: The credit agency Fitch Ratings has kept Finland's rating in its second-best category ...
yle.fi/a/74-20073951
China's ailing real estate market is nearing the end of its slump: Land sales and house prices in the Chinese real estate market have improved somewhat ...
businessinsider.de/wirtschaft/international-business/chinas-maroder-immobilienmarkt-naehert-sich-dem-ende-der-talfahrt/
Fitch Sees Hospitals Struggling to Grow With Operating Margins Lower: Not-for-profit hospitals must adjust to financial results falling short of what’s ...
trib.al/hYofiuL
China Bad-Debt Managers Cut by Fitch on Weaker State Support: Four Chinese bad-debt managers were downgraded by Fitch Ratings Inc. on concern over their ...
bloomberg.com/news/articles/2024-01-04/china-bad-debt-managers-cut-by-fitch-on-weaker-state-support
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US national debt surpasses $34T for first time: The U.S. national debt surpassed $34 trillion for the first time last week, according to newly released data from ...
thehill.com/business/4387040-us-national-debt-surpasses-34t-for-first-time/
Quick Glance: Record: US National Debt Exceeds 34 Trillion Dollars
- On Friday, the total public debt reached a new record of $34.001 trillion, just over three months after crossing the $33 trillion mark.
- The growing debt burden has been a repeated source of tension in recent battles over government funding, including the standoff last spring over the borrowing limit.
- Despite reaching an agreement to raise the debt limit just days before the impending U.S. default, Fitch Ratings downgraded the country's credit rating from "AAA" to "AA+" in August.
- According to Fitch, there has been a steady deterioration of government standards over the last 20 years, including in fiscal and debt matters.
Ethiopia defaults on sovereign debt after deadline expires on $33mn payment: Fitch downgrade further formalises default, the third for an African country in as ...
ft.com/content/8225e96f-d3f3-4160-9154-87d2e8aa23e7
Athene parent moves out of Bermuda: A leading Bermudian-domiciled retirement services company that issues, reinsures, and acquires retirement savings products ...
royalgazette.com/reinsurance/business/article/20231228/athene-parent-moves-out-of-bermuda/
'We know what went wrong' – big NZ credit union in trouble: Concern for 45,000 members as Unity is hit by credit downgrade, operating losses and $23m ...
newsroom.co.nz/2024/01/23/rating-agency-downgrades-viability-of-big-credit-union/
Paid articlePaid Fitch Says China’s Outlook Is Neutral, Sees Growing Debt Risks: Fitch Ratings said it has a “neutral” outlook on China’s economy while flagging persistent risks ...
bloomberg.com/news/articles/2023-12-13/fitch-says-china-s-outlook-is-neutral-sees-growing-debt-risks
Paid articlePaid Gaza conflict adds financial pressure on neighboring countries: Fitch: RIYADH: Financial risks are increasing for countries neighboring Gaza ...
arabnews.com/node/2449536/business-economy
Fitch Sees More Credit Rating Downgrades for Hospitals: The not-for-profit hospital sector may continue to see downgrades as their health-care entities struggle ...
bloomberg.com/news/articles/2024-01-04/fitch-sees-more-credit-rating-downgrades-ahead-for-hospitals
Paid articlePaid Fitch Downgrades Thames Water’s Parent as Debt Deadline Looms: Thames Water Ltd’s holding company Kemble Water Finance Ltd was downgraded further into junk ...
bloomberg.com/news/articles/2023-12-21/fitch-downgrades-thames-water-s-parent-as-debt-deadline-looms
Paid articlePaid Vietnam Wins Credit-Rating Upgrade From Fitch on ‘Robust’ FDI: Vietnam earned a sovereign credit rating upgrade from Fitch Ratings on favorable medium-term ...
bloomberg.com/news/articles/2023-12-08/vietnam-wins-credit-rating-upgrade-from-fitch-on-robust-fdi
Braskem Credit Rating Cut to Junk by Fitch After Salt Mine Collapse in Brazil: Latin America’s largest petrochemical firm Braskem SA was stripped of its ...
bloomberg.com/news/articles/2023-12-14/braskem-cut-to-junk-by-fitch-as-sinkholes-upend-brazilian-town
Paid articlePaid Greek bonds: Getting out of debt - that's Athens' plan: Greece must pay off its huge mountain of debt as quickly as possible. Otherwise, another crisis looms.
handelsblatt.com/finanzen/maerkte/anleihen/griechische-bonds-raus-aus-den-schulden-das-ist-athens-plan/100002906.html
Fitch’s Outlook on Brazil Achieving Investment Grade: Fitch Ratings predicts Latin America's economies will face challenges in 2024 ...
riotimesonline.com/fitchs-outlook-on-brazil-achieving-investment-grade/
Chile Constitution Referendum: Fitch Downplays Rating Impact, Keeps A- Grade: Fitch Ratings Inc. reaffirmed its A- credit rating on Chile, dismissing concern ...
bloomberg.com/news/articles/2023-12-13/fitch-downplays-rating-impact-from-chile-constitution-referendum
Digital banks make minor market dent in PH — Fitch Ratings: Despite their rapid growth in the Philippines over the last two years, digital banks hold a minor ...
noypigeeks.com/business/digital-banks-market-share-ph/
Rolls-Royce Gets Boost From Fitch With Investment Grade in Sight: Rolls-Royce Holdings Plc had its credit rating raised to one level below investment grade by ...
bloomberg.com/news/articles/2023-12-12/rolls-royce-gets-boost-from-fitch-with-investment-grade-in-sight
Red Sea crisis to hit EMEA industrial sector: Fitch Ratings : RIYADH: Disruptions in the Red Sea are expected to add to the global economic woes by increasing ...
arabnews.com/node/2446621/business-economy
Fitch Upgrades Greece's Debt to Investment Grade Status: Fitch Ratings upgraded Greece to investment grade, opening the door of a multitrillion-dollar ...
bloomberg.com/news/articles/2023-12-01/greece-s-upgrade-by-fitch-broadens-market-for-country-s-bonds
Paid articlePaid Benefits of Bermuda domicile will endure despite corporate tax: A new 15 per cent corporate income tax in Bermuda will reduce the island’s advantageous status ...
royalgazette.com/international-business/business/article/20240124/benefits-of-bermuda-domicile-will-endure-despite-corporate-tax/
Slovakia Downgraded at Fitch After Budget Deficit Swells
bloomberg.com/news/articles/2023-12-08/slovakia-downgraded-at-fitch-after-budget-deficit-swells
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