Tag: Fitch Ratings

• Wednesday, October 31st 2012 - 04:44 UTC

  S&P lowers Argentina’s rating, as credit-default insurance soars to highest in the world

  

  Argentina’s credit rating was cut one level by Standard & Poor’s, which referred to a US appeals court ruling that prevents the country from honouring its debt without also paying holders of its defaulted bonds.

• Wednesday, October 31st 2012 - 04:00 UTC

  Fitch Ratings downgrades Argentine bonds following Judge Griesa ruling

  

  Fitch Ratings has placed Argentina's Long-term foreign currency Issuer Default Rating (IDR) of 'B', Short-term IDR of 'B' and the international bonds issued under New York Law on Rating Watch Negative (RWN).

• Wednesday, October 17th 2012 - 20:34 UTC

  Brazil’s slowdown impacts on neighbouring Argentina and Uruguay says Fitch

  

  Brazil's deeper-than-expected economic slowdown is amplifying the deceleration already being experienced by Argentina and Uruguay as a result of the global slowdown, according to a new Fitch Ratings report.

• Thursday, October 11th 2012 - 04:09 UTC

  S&P cuts Spain’s credit rating to BBB minus just above junk territory

  

  Standard & Poor's cut Spain's sovereign credit rating to BBB-minus, just above junk territory, citing a deepening economic recession that is limiting the government's policy options to arrest the slide.

• Friday, June 15th 2012 - 19:16 UTC

  Euro-zone financial turmoil will have significant impact on global economy, says Fitch

  

  Fitch Ratings says a new round of adverse shocks centred on the Euro zone is slowing the fragile global economic recovery. In its latest quarterly Global Economic Outlook (GEO), Fitch forecasts real GDP growth of major advanced economies (MAE) to remain weak at 1.1% in 2012, before only a modest rebound to 1.7% in 2013 and 2.2% in 2014.

• Friday, June 8th 2012 - 21:06 UTC

  Fitch downgrades Repsol rating to BBB- on fears of YPF seizure impact

  

  Repsol, the Spanish oil producer whose Argentine unit YPF was nationalized in April, was cut to the lowest investment grade by Fitch Ratings, the first downgrade since reducing dividends to shore up its finances.

• Monday, June 4th 2012 - 04:13 UTC

  Fitch: Chile, Peru best prepared for downturn of global economy; Argentina and Venezuela most vulnerable

  

  Chile and Peru are best positioned in Latin America to withstand a downturn in the global economy and a drop in commodity prices, while Argentina and Venezuela are the most vulnerable to any turmoil, according to a senior official from Fitch Ratings.

• Wednesday, May 23rd 2012 - 01:44 UTC

  Fitch downgrades Japan’s credit rating fearful of political stalemate and snowballing debt

  

  Fitch cut Japan's sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing debt.

• Wednesday, April 25th 2012 - 06:41 UTC

  Fitch upgrades rating outlook to positive; warnings about Argentina and inflation

  

  Fitch Ratings revised Uruguay's rating outlook to positive from stable on Tuesday, citing the country's ability to cut external and budget vulnerabilities. However Fitch warns about the deteriorating situation in neighbouring Argentina and inflation.

• Wednesday, April 18th 2012 - 08:26 UTC

  Fitch places Repsol on Rating Watch Negative following the YPF takeover operation

  

  Fitch Ratings has placed Repsol YPF, SA's ratings on Rating Watch Negative (RWN) following news that YPF takeover has been set in motion by the Argentine government.