Tag: Fitch Ratings

• Friday, August 9th 2019 - 10:40 UTC

  Brazil's pension reform bill could be extended to states and municipal governments

  

  Brazil’s Senate is expected to consider extending pension reform to states and municipal governments as it moves to vote on a bill overhauling the social security system, lawmakers said on Thursday.

• Monday, October 8th 2018 - 12:56 UTC

  Astori surprised by Fitch ratings, confident Uruguay will bounce back

  

  Uruguay's Economy Minister Danilo Astori Sunday said he was surprised at last week's decision by the Fitch agency to maintain Uruguay's investment grade as it lowered the outlook down to BBB- and pointed out that this report “contrasts openly with those of other risk rating agencies and with the market itself.”

• Monday, May 9th 2016 - 11:29 UTC

  Fitch downgrades Brazil's sovereign debt into junk territory, as political crisis deepens

  

  Fitch Ratings downgraded Brazil's sovereign debt further into junk territory on Thursday, citing a deeper-than-expected economic contraction and changing fiscal targets that have undermined credibility. The agency downgraded Brazil to BB from BB+ with a negative outlook a week before a Senate vote that is expected to lead to the suspension of unpopular leftist President Dilma Rousseff.

• Friday, December 18th 2015 - 08:01 UTC

  Brazil's budget targets ignored by Congress; Finance minister could resign

  

  Brazil’s Congress on Thursday approved a 2016 budget with surplus targets lower than what Finance Minister Joaquim Levy wanted, a day after the country lost an investment-grade credit rating on concerns about fiscal restraint.

• Thursday, December 17th 2015 - 07:56 UTC

  Fitch downgrades Brazilian bonds to junk; investors could dispose of 20bn in debt

  

  Fitch Ratings downgraded Brazil government bonds to junk on Wednesday, citing rising concerns about an economic and political crisis that threatens to push President Dilma Rousseff from office and scuttle efforts to close a gaping fiscal deficit.

• Saturday, October 17th 2015 - 06:24 UTC

  Brazil's Finance Levy minister “has not resigned and will stay in his post”

  

  Finance Minister Joaquim Levy has not resigned and will stay in his post, Brazil's government said on Friday, denying a media report that he planned to step down in a dispute over austerity measures. A finance ministry spokeswoman told reporters that Levy “continues to work and is committed to improve the country's future.”

• Friday, October 16th 2015 - 07:43 UTC

  Fitch cuts Brazil's credit rating to the brink of junk; “terrible” news says government

  

  Fitch Ratings cut Brazil's credit rating to the brink of junk, warning the country could soon lose its coveted investment grade rating as government finances deteriorate amid a prolonged recession and persistent political uncertainty.

• Tuesday, October 13th 2015 - 07:26 UTC

  The 'big three' credit rating agencies questioned by UN for their 'subjectivity'

  

  Credit ratings agencies have been questioned by the United Nations Conference on Trade and Development (UNCTAD), who says they favor countries with a certain ideological bent.

• Tuesday, April 28th 2015 - 05:20 UTC

  Fitch cuts Japan's credit rating: high and rising level of government debt

  

  Fitch cut its credit rating for heavily indebted Japan by one notch on Monday, saying it has not done enough to plug a budget gap left by its decision to delay the second stage of a sales tax hike.

• Saturday, November 1st 2014 - 04:28 UTC

  Fitch ratings lowers Argentina Par bonds under foreign law to “D”

  

  Fitch ratings on the last day of October downgraded Argentina's Par bonds issued under Foreign Law to 'D' from 'C', after the country failed to complete an interest payment, raising the risk that creditors could demand that its cash-strapped government immediately repay all of its debt.