Tag: Fitch

Monday, September 22nd 2025 - 10:19 UTC
Fitch praises Uruguay's economy, but points out some risks

Fitch Ratings held Uruguay's grading as “BBB” with a “stable” outlook, but pointed out some risks the South American country should avert. In any case, Montevideo still qualified within the agency's “investment grade.”
Tuesday, May 13th 2025 - 09:37 UTC
Fitch ups Argentina's grading by one notch

Fitch Ratings upgraded Argentina's long-term foreign currency debt rating from CCC to CCC+, citing the rapid economic recovery under President Javier Milei. Key factors include a new US$ 20 billion International Monetary Fund (IMF) agreement, with an initial US$ 12 billion disbursement boosting reserves to US$38 billion, and the liberalization of the exchange market an AR$ 1,000 / AR$ 1,400 band per US dollar.
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.