Fitch Ratings

Thai Central Bank Expected to Stay on Hold This Year, Fitch Says

Stephen Schwartz, head of sovereign ratings in Asia Pacific for Fitch Ratings, talks about the prospects for the Philippines and Thailand's economies …

Central Banks

Fitch Ratings: Not Happy With ICICI Bank's Board's Management Of The Issue

Fitch Ratings: Not Happy With ICICI Bank's Board's Management Of The Issue<p>June 19, 2018 04:31 UTC

ICICI Bank

Fitch Ratings affirms SA's rating at BB+

The agency warns of low growth and high debt levels but says these are balanced by a favourable government debt structure and a healthy banking sector<p>…

Business (South Africa)

Fitch Ratings affirms SA’s junk status, with stable outlook

Ratings agency Fitch today decided to affirm South Africa’s long term foreign and local currency credit ratings at ‘BB+’, although it maintained a …

South Africa

Fitch Ratings revises outlook for Axis Bank to negative

Rating agency Fitch, on Friday, said it had revised the outlook of Axis Bank to negative while affirming the rating of bbb-.<p>“The negative outlook on …

Axis Bank

D-FW home price gains may be slowing but market is still too hot, Wall Street analysts warn

While North Texas home price gains are slowing, the Dallas-Fort Worth area is still on a watch list of U.S. markets where residential values are …

Business

State, Local Governments Feel the Pinch of Budget Pressure

Laura Porter, managing director at Fitch Ratings, talks about her firm's report on budget pressure on state and local governments. She speaks in this …

Bloomberg Markets

Global growth forecasts remain unchanged: Fitch Ratings

Fitch Ratings says its global growth forecasts for 2018 and 2019 remain unchanged at 3.3 per cent and 3.2 per cent, respectively, but forecasts for …

Globalization

Fitch Ratings: Property insurance premiums could be going up in Florida and Orlando - Orlando Business Journal

By Margie Manning <br>– Finance Editor, Tampa Bay Business Journal<p>Jun 7, 2018, 5:21pm EDT<p>Three major hurricanes caused about $80 billion in insured …

Orlando

Vietnam Electricity (EVN) Achieves its First and Positive Credit Rating from Fitch Ratings

<b>Hanoi, June 7, 2018</b>: Vietnam’s electricity company Vietnam Electricity, or EVN, is one step closer to issuing US dollar bonds and strengthening its …

World Bank

ANZ, Deutsche Bank, Citigroup Face Criminal Cartel Charges

Australia’s banking industry faces an unprecedented criminal prosecution as Australia & New Zealand Banking Group Ltd. and two of its underwriters, …

Deutsche Bank

PSB losses eat up Centre's $13 billion infusion in FY18: Fitch Ratings

Fitch accounts these losses to the acceleration of bad loan recognition, with the introduction of non-performing loans framework

Business (India)

Turkey is 'always at the top of the list' for ratings concerns: Fitch

James McCormack of Fitch Ratings says the credibility of Turkey's central bank is crucial for the confidence of investors.

Central Banks

Fitch Warning Sends Lira to Record Low

Bloomberg's Onur Ant discusses Turkey’s lira and Fitch Ratings' concern about the erosion of the independence of the country’s central bank. He …

Turkish Lira

Turkey's lira slides to new record low

The lira slid as much as 2.8% against the dollar overnight to a fresh record low of 4.7989, after Fitch Ratings said it was concerned about the …

Turkish Lira

Venezuela Sanctions Threat Could Cause Sharper Fall, Fitch Says

Richard Francis, director of Latin American sovereigns at Fitch Ratings, discusses the outlook for Venezuela following Sunday's presidential …

Sanctions

Fitch Cuts Assessment for Hong Kong Banks

Fitch Ratings Senior Director Financial Institutions Sabine Bauer discusses risks for Hong Kong banks. She speaks on "Bloomberg Markets." (Source: …

Hong Kong

There's still a long road to go for the Korean Peninsula: Fitch

Nobody is talking about the fiscal risks of a "possible eventual reunification" between North and South Korea, says Stephen Schwartz of Fitch Ratings.

South Korea

Fitch Ratings maintain Eskom's long-term local currency rating

Johannesburg - International ratings agency, Fitch Ratings, on Wednesday, announced its decision to maintain Eskom's Long-Term Local Currency Issuer …

Financial Markets

Fin24.com | Eskom dodges Fitch ratings cut but stays on negative watch

Global ratings agency Fitch has affirmed Eskom's 'BB-' credit rating despite its liquidity challenges, as South Africans wait to hear if load …

Business (South Africa)

Saudi Arabia-Iran tensions are important to keep an eye on: Fitch Ratings

Heightened geopolitical tensions remain a risk for Saudi Arabia even though there is a low probability of revenues getting hit, a Fitch Ratings …

Middle East

Saudi Arabia is migrating from fiscal consolidation to growth

A rising oil price is positive for fiscal balances, but it slows long-term reform, says Jan Friedrich, head of Middle East & Africa sovereign ratings …

Saudi Arabia

Fitch Ratings: Blockchain Is a Potential 'Game-Changer' for Insurers

One of the "Big Three" credit rating agencies thinks blockchain is a "game-changing technology."<p>Fitch Ratings touted the potential uses for …

Blockchain

Property debt in Australia, New Zealand and Hong Kong

Household "indebtedness" is highest in Australia and New Zealand, says Sabine Bauer of Fitch Ratings.

Hong Kong

UK outlook is related, but not directly linked, to Brexit: Fitch

James McCormack, managing director and global head of sovereign and supranational ratings at ‎Fitch Ratings, speaks about economic issues in the U.K. …

The City

Hearst Acquires Remaining Stake In Fitch Group For $2.8 Bln

(RTTNews) - Hearst said that it has purchased from Fimalac S.A. an additional 20 percent interest in global financial information services company Fitch Group, bringing Hearst's equity interest to 100 percent. The transaction is valued at $2.8 billion. Hearst acquired its original interest in Fitch …

The City

Nine West bankruptcy lifts retailers' default rate to 8.6 pct | Reuters

Friday’s Chapter 11 bankruptcy petition by footwear and apparel company Nine West Holdings Inc has raised Fitch Ratings’ institutional loan default rate for retailers to 8.6 percent and puts it on track to reach 10 percent this year, the credit rating service said on Monday.<p>The default rate rose …

Law

PNB fraud: Fitch Ratings downgrades Viability Rating of Punjab National Bank to 'bb-' from 'bb'

<b>New Delhi:</b> Following the multi-crore fraud that took place in the bank, Fitch Ratings on Tuesday has downgraded the Viability Rating of Punjab …

Business (India)

Element plans $650M in new fleet-lease securitization bonds

Toronto-based Element Fleet Management is issuing its sixth term-note offering through its Chesapeake Funding II trust by marketing $650 million in …

The City

Expect stability from oil-rich Kazakhstan, Fitch Ratings says

April 2 (UPI) -- The outlook for a pipeline company that controls about half of the oil flow in Kazakhstan remains stable and supportive of growth, …

Oil