Tag: Fitch

• Friday, May 17th 2019 - 09:24 UTC

  Fitch rating agency says uncertainty overflying the Brazilian economy

  

  Brazil’s push to overhaul its costly social security system is a welcome step toward healing public finances and the economy, but is not enough to stabilize public debt or trigger a positive review on the country’s credit rating, directors at rating agency Fitch said on Thursday.

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• Wednesday, January 30th 2019 - 08:48 UTC

  Emerging markets vulnerable to US higher rates and stronger dollar

  

  Emerging markets face more downgrades than upgrades this year as foreign debt levels leave them vulnerable to rising U.S. interest rates and the strength of the dollar, according to Fitch Ratings. Latin America, the Middle East and Africa will be impacted more by lower credit scores because of the high share of their foreign-currency debt, said James McCormack, Hong Kong-based global head of the sovereign and supranational group at Fitch.

• Thursday, November 8th 2018 - 08:20 UTC

  Fitch lowers prospects for Argentine sovereign debt to negative

  

  The credit rating agency Fitch lowered the prospects for Argentine sovereign debt to negative, arguing the overall weakness of the economy and an uncertain scenario for fiscal consolidation in coming years.

• Sunday, October 28th 2018 - 18:00 UTC

  Fitch cautious about UK as no-deal Brexit scenario looks inevitable

  

  The increased likelihood of a no-deal Brexit scenario has led ratings agency Fitch to envision serious damages to the United Kingdom's economy for future assessments, although it maintained Britain's long-term AA grade... For now.

• Friday, February 1st 2013 - 07:38 UTC

  Chile and Uruguay banks outlook for 2013 stable and negative for Argentina, says Fitch ratings

  

  The outlook for Southern Cone Banks is mixed in 2013, with a stable outlook for Chile and Uruguay, while Argentina faces a negative outlook and the potential for downgrades, according to a new Fitch Ratings report.

• Friday, November 25th 2011 - 02:48 UTC

  Fitch downgrades Portugal’s rating to junk status; pressure mounting on Spain

  

  Rating agency Fitch downgraded Portugal's rating to junk status, citing large fiscal imbalances, high debts and the risks to its EU-mandated austerity program from a worsening economic outlook.

• Tuesday, April 5th 2011 - 10:08 UTC

  Based on signs of greater fiscal restraint, Fitch raises Brazil’s credit rating to BBB

  

  Brazil’s credit rating was raised one level by Fitch Ratings, which cited the economy’s growth prospects and budget policy under President Dilma Rousseff.