Tag: Fitch Ratings

• Thursday, June 8th 2023 - 10:55 UTC

  Fitch upgrades Uruguay's rating

  

  Thanks to Uruguay's ”solid fiscal performance that allowed it to absorb the shock of the Covid-19 pandemic, added to the track record of compliance with the fiscal framework, which has improved its credibility, increased resilience to economic shocks and reduced the risk of a potential increase in the stock of public debt.

• Saturday, April 29th 2023 - 10:33 UTC

  Fitch highlights Peru's performance

  

  Peru's macroeconomic strength proved decisive for the international agency Fitch Ratings to grade the South American country with a BBB quotation thanks also to its moderate public debt, strong external liquidity, and its fiscal discipline, it was reported.

• Tuesday, April 12th 2022 - 10:55 UTC

  Fitch Ratings believes the Lacalle Pou coalition has sufficient political capital to face challenges and much needed reforms

  

  The ruling coalition of Uruguayan president Luis Lacalle Pou expects to use its political capital following victory in the 27 March referendum which rejected overturning a third of his government's program, enacting reforms in the second half of his five year period, according to the latest Fitch Rating report on Uruguay.

• Tuesday, December 28th 2021 - 20:28 UTC

  Paraguay's economy blooming after 2021; next year looks even better

  

  Paraguay's economy will close in 2021 with a growth of around 5% and good prospects for 2022, Finance Minister Oscar Llamosas announced in a radio interview.

• Thursday, November 26th 2020 - 09:30 UTC

  Fitch Ratings more optimistic about Latin America's “improving economic” environment

  

  Latin American corporate credit indicators point to an improving economic and operating environment for most countries across the region in 2021, according to a series of new reports from Fitch Ratings.

• Saturday, December 21st 2019 - 11:03 UTC

  Argentina's credit rating downgraded to near-default by Fitch and S&P

  

  Argentina’s credit rating was downgraded to near-default status by two of the biggest global rating companies, Fitch Ratings, and S&P Global after the government said it would delay payments on its short term dollar-denominated local debt.

• Saturday, November 9th 2019 - 10:45 UTC

  Brexit-era paralysis: Moody's downgrades UK's debt to negative

  

  Moody's on Friday downgraded the outlook for Britain's debt, citing mounting policy challenges amid the Brexit debate. The agency cut the outlook to negative from stable but kept the debt at the investment-grade Aa2.

• Thursday, August 22nd 2019 - 09:55 UTC

  Argentina default “possible”, but not “probable”, says credit rating agency Fitch

  

  Argentina could be downgraded again by Fitch Ratings if further weakness in the Peso boosts the risk of default, the agency’s head of sovereign ratings said in an interview. Argentina has issued billions of dollars worth of bonds denominated in U.S. currency.

• Sunday, August 18th 2019 - 10:09 UTC

  Macri reshuffles cabinet: Argentina has a new Economy minister

  

  Argentine Economy Minister Nicolas Dujovne resigned on Saturday, capping a week of market chaos that followed President Mauricio Macri’s stunning loss in a primary vote. Apparently, his resignation was on the table since last Tuesday.

• Saturday, August 17th 2019 - 08:53 UTC

  Fitch downgrades Argentina's long term debt, fearing the risk of default

  

  Argentina's Peso ended a tumultuous week on Friday having shed 20% in its value against the dollar as Fitch cut the South American country's long-term debt by two notches, citing increased uncertainty and a rising risk of default.