Tag: Fitch Ratings

Friday, August 1st 2014 - 08:24 UTC
Argentine shares and bonds plunge, while US dollar climbs as operators seek refuge

Argentine shares and bonds plunged on Thursday as investors reacted to the failed negotiations between Argentina and the holdout hedge funds in New York. At the Buenos Aires City stock market the Merval index closed down by 8.4% to 8,187.99 points, far from yesterday’s record 6.9% climb.
Friday, July 11th 2014 - 06:36 UTC
Brazil's next government will have to implement a tough fiscal tightening, says Fitch

Fitch Ratings on Thursday reaffirmed Brazil's “BBB” credit rating with a stable outlook, but added it expects the next government to control spending in order to avoid additional fiscal deterioration that could trigger a downgrade.
Wednesday, April 9th 2014 - 06:30 UTC
Uruguay significantly stronger but still vulnerable to Argentina, says Fitch

While Uruguay's current financial position is significantly stronger than in the early 2000s when its economy suffered from the effects of the Argentine crisis, a severe downturn in Argentina could still have an important impact on Uruguay's economy through a variety of transmission channels, according to a new special report published by Fitch Ratings.
Thursday, May 2nd 2013 - 08:03 UTC
Where is Uruguay’s economy headed?

Fitch Ratings in March joined two other major ratings agencies in giving Uruguay its coveted investment grade, a move that lowers the nation’s borrowing costs and opens up opportunities for new investors.
Saturday, April 20th 2013 - 08:56 UTC
Fitch trims UK top credit rating on weaker economy and fiscal outlook

Britain's credit standing took a further blow when Fitch Ratings became the second major international agency to strip the country of its top-notch credit rating. The move is an embarrassment for the Conservative-led government which promised to protect the country's rating when it took power in 2010, and will heighten the debate about whether austerity is still the right approach.
Wednesday, April 10th 2013 - 07:24 UTC
Fitch ratings downgrades China’s Yuan sovereign credit rating

Fitch Ratings has downgraded China's sovereign credit rating, warning about a credit build-up in the economy that could threaten the recovery. The agency cited “underlying structural weaknesses” and a growing risk from shadow banking. The downgrade is for Yuan-denominated debt, not foreign currency debt.
Sunday, March 10th 2013 - 11:29 UTC
Fitch downgrades Italy’s debt rating; economy forecasted to contract 1.8% this year

Ratings agency Fitch added to Italy's mounting problems this week by cutting its credit rating due to the political uncertainty after last week's election, deep recession and rising debt. Fitch lowered Italy's sovereign rating by one notch to BBB plus, with a negative outlook, raising the risk that its next ratings change will be a further downgrade.
Friday, March 8th 2013 - 07:58 UTC
Uruguay completes investment-grade ‘triple crown’ from the three big credit rating agencies

Uruguay finally managed on Thursday to achieve investment grade debt rating from the three major agencies when Fitch raised the country’s rating to BBB-minus from BB-plus, citing economic resilience as well as the political and social stability of the country, squeezed between Brazil and Argentina.
Thursday, February 14th 2013 - 23:35 UTC
Fitch Ratings downgrades Argentina and Venezuela prospects for 2013

Fitch ratings has lowered Argentina, Venezuela and El Salvador credit and growth prospects to negative, while for the rest of Latinamerica the situation remains stable, according to a seminar in Frankfort, on “Latinamerica opportunities and challenges”.
Wednesday, November 28th 2012 - 05:37 UTC
Fitch downgrades Argentina’s credit rating fearing ‘probable default’

Fitch Ratings agency announced on Tuesday it has downgraded Argentina's long-term foreign currency Issuer Default Rating from “B” to “CC,” with a negative outlook, as it sees a “probable default” if the country misses its payment to holdout investors.