Tag: Fitch Ratings

• Friday, March 23rd 2012 - 22:56 UTC

  Fitch lowers Repsol-YPF rating; growing intervention of Argentine government feared

  

  Fitch Ratings has lowered its long-term rating on Spanish oil company Repsol YPF SA by one notch to BBB after its Argentine unit said it would pay out its dividend in shares instead of cash. Last week Moody’s adopted a similar decision. The company is currently in a dispute with the Argentine government.

• Tuesday, February 14th 2012 - 20:57 UTC

  S&P and Fitch downgrade Spain’s top banks: Santander and BBVA

  

  Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA were among 15 Spain-based financial firms downgraded by Standard & Poor's after the credit-ratings company reduced the nation's grade last month.

• Wednesday, January 18th 2012 - 03:20 UTC

  Rating agencies forecast Greece’s default…but in an orderly manner

  

  Like in Colombian Nobel Prize Gabriel Garcia Marquez novel “Chronicle of a Death Foretold” Fitch rating agency said on Tuesday that Greece would default on its debt, although it anticipated that such a default was likely to take place in an orderly manner.

• Friday, December 16th 2011 - 06:32 UTC

  Fitch downgrades the credit rating of the world’s six largest banks

  

  Fitch announced on Thursday it has downgraded the credit rating of six of the world’s largest banks. The banks include US’ Bank of America, British Barclays, and France’s BNP Paribas.

• Tuesday, November 29th 2011 - 02:09 UTC

  Fitch warns of US triple A rating downgrade if policy makers fail on budget cuts

  

  Fitch Ratings on Monday warned it may cut the United States' AAA rating if policymakers fail to agree in 2013 on a plan to reduce the country's ballooning budget deficits.

• Thursday, November 3rd 2011 - 07:55 UTC

  Fitch warns Argentina on foreign exchange controls and inflation

  

  Fitch Ratings agency warned Wednesday that Argentina’s new dollar controls and measures aimed at curbing capital flight could narrow Cristina Fernández political options range.Likewise, the agency stated in the communiqué that the “continuity of such unorthodox policies represent nothing but risk.”

• Saturday, October 29th 2011 - 03:35 UTC

  Fitch downgrades Argentine oil companies following Central bank dollar move

  

  Fitch Ratings has downgraded Argentine oil companies YPF and Pan American Energy foreign (PAE) currency Issuer Default Rating (IDR) to 'B+' from 'BB-' and has affirmed their local currency IDR at 'BB'.

• Wednesday, October 26th 2011 - 13:42 UTC

  Fitch ratifies Brazil’s credit rating and medium term growth prospects

  

  Fitch Ratings said it had decided to maintain Brazil's BBB investment grade credit rating and predicted the outlook for the Latin America’s largest economy would remain stable.

• Friday, October 21st 2011 - 05:34 UTC

  Fitch warns Argentina on ‘inconsistent policies’ that spur inflation and volatility

  

  Argentina’s sovereign rating is “heavily constrained by inconsistent” policies that have accelerated inflation and economic volatility, Fitch Ratings said three days before presidential elections.

• Saturday, October 8th 2011 - 08:20 UTC

  Chronicle of a foretold cut: Fitch downgrades Italy and Spain’s credit rating

  

  Fitch cut on Friday Italy's sovereign credit rating by one notch and Spain's by two, citing a worsening of the Euro zone debt crisis and a risk of fiscal slippage in both countries. Fitch cut Italy's rating to A+ from AA- and lowered Spain to AA- from AA+.