Tag: Fitch

• Saturday, January 25th 2025 - 10:00 UTC

  Fitch downgrades Bolivia's credit rating

  

  The international agency Fitch Ratings Friday downgraded Bolivia's status to “CCC-” and warned that corrective measures were needed urgently to avoid a deeper slide. In issuing its grades, Fitch took into account the unavailability of foreign currency and the country's poorly designed economic and fiscal policy.

• Thursday, July 25th 2024 - 08:41 UTC

  Fitch says default on Argentine bonds in foreign currency likely

  

  The credit rating agency Fitch outlined Wednesday the possible consequences of Argentina's latest measures, which would aggravate the uncertainty about the South American country's reserves, particularly after some of its gold was shipped abroad, in addition to other financial gambits that would allow for the creation of banking pesos that would jeopardize a return to “global capital markets.”

• Thursday, February 8th 2024 - 10:28 UTC

  Bolivian economy minister says Fitch's downgrading was biased

  

  Economy Minister Marcelo Montenegro said the latest grading given to Bolivia by Fitch Ratings entailed a “biased vision” according to which the country's total public debt, internal and external, represented 71.7% of the Gross Domestic Product (GDP) when it actually amounted to 46%.

• Friday, November 3rd 2023 - 08:59 UTC

  Paraguay just one notch short of Fitch's investment grade

  

  Paraguay was given a BB+ rating in Fitch's latest report, which is one step away from investment grade. Although in Asunción the South American country's Economy Ministry highlighted the achievement, the agency also warned about challenges in terms of credibility.

• Wednesday, August 2nd 2023 - 10:34 UTC

  Fitch downgrades US credit rating to AA+; Yellen calls it “arbitrary” and “outdated data”

  

  Fitch has downgraded the United States Government's credit rating following concerns over the state of the country's finances and its debt burden.

• Friday, July 15th 2022 - 09:11 UTC

  How did Fitch rate Brazil in its last report? Last time around it was negative

  

  The worldwide-known risk rating agency Fitch Thursday released a new report in which the outlook for Brazil's public debt has been moved up from May 2020's negative grading after the onset of the COVID-19 pandemic.

• Thursday, September 30th 2021 - 09:20 UTC

  Fitch optimistic about Brazil, but fears fiscal sustainability is precarious

  

  Credit rating agency Fitch improved its prospects for Brazil's primary deficit and overall debt in 2021 but also pointed out several uncertainties among which sustainability of the fiscal front, possible political instability, and the approval of the new food subsidies to help the vulnerable population.

• Friday, January 22nd 2021 - 09:31 UTC

  Fitch forecasts Latin American economies will rebound but with downside risks

  

  Fitch Ratings forecasts Latin American economies will rebound this year from the 2020 recession but risks remain in particular because of the evolution of the COVID-19 pandemic.

• Saturday, October 10th 2020 - 08:55 UTC

  Fitch confirms Uruguay's investment grade at BBB-, but warns about inflation, deficit and public debt

  

  Fitch Ratings, one the world's leading credit rating agency has confirmed Uruguay's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-', however with a Negative Outlook, despite the country faring much better than its neighbors.

• Friday, December 6th 2019 - 08:52 UTC

  Brazilian government optimistic about reforms and the economy's performance forecast

  

  The Brazilian government’s commitment to getting public finances in order and maintaining strict fiscal discipline will lead to the country’s sovereign credit rating being upgraded, Treasury Secretary Mansueto Almeida said on Thursday.