Ratings agency Fitch on Friday downgraded the outlook for the United States to negative from stable, warning of high debt and deficits made worse by the coronavirus downturn.
A flurry of interest rate cuts by the US Federal Reserve and a host of other central banks marks the broadest shift in global monetary policy since the depths of the financial crisis in 2009, analysts at Fitch Ratings said in a report.
Ratings agencies Fitch and Standard & Poor’s (S&P) downgraded Argentina’s sovereign debt rating, flagging higher chances of a default in the wake of a shock primary election result that plunged the country into its latest economic crisis.
Ratings agency Fitch on Tuesday revised its outlook on Pakistan to negative from stable, citing a deterioration in the country’s external liquidity position and financing conditions
Fitch said on Tuesday it has cut China’s GDP growth forecast for 2022 to 4.3 per cent from 4.8 per cent, saying pandemic-related disruptions
Ratings agency Fitch downgraded Turkey’s debt rating to “B” from “B+”, citing increasing inflation and broad concerns about the economy, from a widening current account deficit to interventionist policies.
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has been assigned ‘AA-’ (Very Strong) ratings for the fourth consecutive year by Fitch Ratings, reflecting ECI’s role in supporting
Rating agency Fitch downgraded the US government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago. Traders’ immediate response was to embark on a safe-haven push out of stocks and into government
Major stock markets mostly slid further on Thursday as traders moved out of riskier assets and into havens such as bonds, the dollar and yen after Fitch this week stripped the United States of its top credit rating.