(Reuters) – Abercrombie & Fitch Co on Wednesday reported a 41.5% drop in quarterly profit, as higher labor costs and inflationary pressures squeezed margins. The company’s net income attributable to …
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(Reuters) – Rating agency Fitch has revised its forecast for China’s economic growth in 2023 to 5.0% from 4.1% previously as consumption and broader activity are recovering faster thaninitially anticipated …
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(Reuters) – Fitch Ratings affirmed China’s ratings at ‘A+’ with a stable outlook on Thursday. Fitch forecasted China’s economy to grow by 4.1% in 2023, up from 2.8% in 2022, …
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By Rachel Savage JOHANNESBURG (Reuters) – The external debt service burden in Sub-Saharan Africa will continue to climb in the coming years, ratings agency Fitch said on Wednesday, as the …
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(Reuters) – Rating agency Fitch maintained United Kingdom’s sovereign debt rating at “AA-” on Friday, citing Prime Minister Rishi Sunak’s macroeconomic policy framework, deep capital markets and the sterling’s international …
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BENGALURU (Reuters) – Loan growth at Indian banks will accelerate to 13% in this fiscal year despite the RBI raising interest rates, as economic activity picks up after a pandemic …
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JOHANNESBURG (Reuters) -More sovereign defaults are “probable” next year among small emerging market countries, ratings agency Fitch said in its 2023 outlook on Monday, citing a likelihood of sudden jumps …
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MEXICO CITY (Reuters) -Fitch Ratings on Friday downgraded Mexican leasing firm Unifin Financiera’s long and short-term local and foreign currency issuer default ratings (IDRs) to ‘D’ from ‘RD’ due to …
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By Anthony Esposito MEXICO CITY (Reuters) – Fitch Ratings on Friday affirmed Mexico’s long-term local-currency and foreign-currency issuer default rating (IDR) at ‘BBB-‘, with a stable rating outlook. “Mexico’s rating …
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(Reuters) -Ratings agency Fitch on Tuesday downgraded Telecom Italia’s credit rating to ‘BB-‘ from ‘BB,’ citing insufficient debt reduction in 2022. Fitch said its outlook for Italy’s biggest phone group …
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By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s debt service costs will remain elevated in the short to medium term, which will hobble the country’s ability to use fiscal policy to …
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SEOUL (Reuters) – Chances are increasing for the Bank of Korea to scale back to a 25-basis-point rate hike in November, a Fitch Ratings official said on Friday, although the …
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By Adam Jourdan BUENOS AIRES (Reuters) – Ratings agency Fitch on Wednesday downgraded Argentina’s long-term sovereign credit rating by a notch to ‘CCC-‘ from ‘CCC’, citing deep macroeconomic imbalances and …
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(Reuters) -Global ratings agency Fitch cut Pakistan’s sovereign credit rating on Friday by a notch to ‘CCC+’ from ‘B-‘, citing further deterioration in the country’s external liquidity and funding conditions …
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ACCRA (Reuters) – The next 12 to 18 months will be “very difficult” for African banks as widespread inflation, currency devaluations and interest rate hikes sweep the region, a senior …
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MEXICO CITY (Reuters) – Mexico’s economy is forecast to finally claw its way back to pre-pandemic levels sometime next year, ratings agency Fitch Ratings said on Friday, after COVID-19 ground …
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(Reuters) – Ratings agency Fitch on Wednesday upgraded Ukraine’s rating to ‘CC’ from ‘Restricted Default’ following the country’s restructuring of external debt last week. Ukraine’s overseas creditors backed the country’s …
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MEXICO CITY – Fitch Ratings downgraded on Wednesday Mexican leasing firm Unifin’s long- and short-term foreign and local currency issuer default ratings (IDRs) to ‘C’ and ‘C’ from ‘BB-‘ and …
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(Reuters) – Global ratings agency Fitch on Friday raised United States’ outlook to “stable” from “negative” on improved near-term government debt dynamics, driven by a stronger-than-expected post-pandemic economic recovery. The …
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By Rachel Savage LONDON – The share of emerging markets with budget and current account deficits of 4% of GDP or more is set to hit a record this year, …
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HONG KONG – Fitch Ratings said on Thursday it has decided to withdraw its rating on embattled property developer China Evergrande Group and two of its subsidiaries as the firms …
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(Reuters) – Rating agency Fitch said on Tuesday it has withdrawn its ratings of 27 Russian banks, four of their affiliates and related financing special purpose vehicles. The withdrawals are …
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– Fitch said on Friday it has withdrawn Russia’s ratings to comply with European Union sanctions, after the rating agency downgraded the country’s rating to “junk” territory earlier this month. …
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– Rating agency Fitch on Friday revised its outlook on Japan’s long-term foreign-currency issuer default rating to stable from negative on Friday, citing confidence in the stabilisation of the country’s …
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– Fitch will withdraw ratings on all Russian entities and their subsidiaries in order to comply with European Union sanctions, the ratings agency said on Wednesday, as Western nations tighten …