Fitch sees high US fiscal deficits ahead of elections
By Davide Barbuscia and Matt Tracy NEW YORK (Reuters) – Credit rating agency Fitch said on Wednesday it expects U.S. fiscal deficits to remain high this year, and that fiscal…
By Davide Barbuscia and Matt Tracy NEW YORK (Reuters) – Credit rating agency Fitch said on Wednesday it expects U.S. fiscal deficits to remain high this year, and that fiscal…
NEW YORK (Reuters) – Credit rating agency Fitch no longer forecasts a U.S. recession this year due to several signs of strength in the economy, Fitch Ratings’ Chief Economist Brian…
(Reuters) -Abercrombie & Fitch on Monday raised its forecast for fourth-quarter and annual net sales, after strong demand for its apparel brands during the key holiday shopping period. The company…
HONG KONG (Reuters) – Fitch Ratings downgraded Dalian Wanda Commercial Management Group to “restricted default (RD)” from “C” on completion of the distressed debt exchange, and simultaneously upgraded the firm…
SANTIAGO (Reuters) – A vote in Chile to reject a new constitution on Sunday reduced regulatory uncertainty but does not resolve social discontent or political divisions, rating agencies said on…
BEIJING (Reuters) – Fitch Ratings said on Wednesday that its outlook for China in 2024 was neutral, but the country would continue to see headwinds from subdued external demand, property…
By Louise Rasmussen COPENHAGEN (Reuters) – Fitch on Wednesday downgraded Swedish property company SBB’s long-term issuer default rating to CCC+ from B-, and its senior unsecured debt rating to B…
(Reuters) – Ratings agency Fitch on Thursday said the recent cyberattack at ICBC Financial Services will not have a material impact on its Chinese parent, although it highlights growing threats…
(Reuters) – Global ratings agency Fitch said on Monday it plans to withdraw all the ratings on China’s Country Garden Services Holding on or about Dec. 12 for commercial reasons.…
(Reuters) – Global ratings agency Fitch downgraded Ecuador deeper into junk territory on Wednesday, citing financing risks arising from a significant deterioration in fiscal accounts as the country heads to…
(Reuters) – An analyst at Fitch Ratings warned that U.S. banks, including JPMorgan Chase, could be downgraded if the agency further cuts its assessment of the operating environment for the…
By David Lawder and Davide Barbuscia WASHINGTON (Reuters) – When Fitch Ratings dropped its bombshell downgrade of the U.S. credit rating on Tuesday, Biden administration officials cried foul over the…
By Kevin Buckland TOKYO (Reuters) – U.S. Treasury yields edged down in Tokyo on Wednesday after ratings agency Fitch lowered the country’s top credit rating. The 10-year Treasury note declined…
By Asif Shahzad ISLAMABAD (Reuters) – Fitch credit rating agency on Monday upgraded Pakistan’s long-term foreign currency issuer default rating to CCC from CCC-, a positive sign for a country…
MUMBAI (Reuters) – Fitch Ratings raised its growth forecast for the Indian economy to 6.3% for the current fiscal year, from 6% earlier, on the back of robust growth in…
LONDON (Reuters) – Ratings agency Fitch on Friday stuck with its negative outlook for Britain’s sovereign credit rating, citing a weak economy and lingering uncertainty around Brexit trade terms with…
(Reuters) – Ratings agency Fitch on Friday placed a raft of U.S. government-related securities on watch for a possible downgrade, as talks over the debt ceiling dragged on. Fitch said…
(Reuters) – Fitch has placed the ratings of U.S. mortgage finance giants Fannie Mae and Freddie Mac on watch for a possible downgrade as U.S. lawmakers’ negotiations to raise the…
A look at the day ahead in European and global markets from Sonali Desai. The U.S. debt ceiling saga continues to hang over global markets, with the White House and…
(Reuters) – Fitch cut France’s sovereign credit rating on Friday by one notch to ‘AA-‘, saying a potential political deadlock and social unrest posed risks to President Emmanuel Macron’s reform…
By Saeed Azhar NEW YORK (Reuters) – First Republic Bank’s strategic options are “very challenging” because any potential sale is unlikely without the lender taking big writedowns on its mortgage…
NEW YORK (Reuters) – Rising interest rates are eating into the reserves that U.S. life insurers must hold to deal with rate fluctuations, ratings agency Fitch Ratings said on Monday,…
(Reuters) – Ratings agency Fitch said on Thursday that direct exposures to Silicon Valley Bank <SIVB.O> and Signature Bank among its portfolio of rated banks in the Asia-Pacific (APAC) region…
(Reuters) – Rating agency Fitch on Monday downgraded Signature Bank’s long-term corporate ratings to ‘D’ from ‘BBB+’ after state regulators closed the New York-based bank on Sunday. Signature Bank’s short-term…
(Reuters) – Mining companies operating in Peru face “material risk” amid extended protests and blockades in the world’s No. 2 copper-producing nation, Fitch Ratings said on Thursday, warning of possible…