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Fitch: Recession in the Eurozone from 2022 with the natural gas tap closed

Recession in the eurozone has now become the most likely possibility against the backdrop of the intensifying natural gas crisis, Fitch Ratings estimates in its new report. In particular, as the rating agency reports, the complete cessation...

Ukraine: S&P and Fitch declare Kyiv in a state of selective bankruptcy

The international rating agencies S&P and Fitch Ratings yesterday downgraded the creditworthiness of the Ukrainian government in terms of bonds and other securities denominated in foreign currencies, explaining that they consider the two-year moratorium on the...

Fitch downgrades Ukraine’s economy after proposal to postpone bond payments

Ratings agency Fitch Ratings downgraded Ukraine's economy after the country began the formal process of suspending payments on its foreign bonds and restructuring $22.8 billion in public debt following Russia's invasion. As Bloomberg reports, the country's...

‘Bell’ from Socete Generale for Turkey: The Turkish lira will reach 22 against the dollar

The Turkish lira is expected to be among the emerging market currencies hardest hit by the global economic downturn, a report by Societe Generale says. In the short term, the pound and the currencies of other developing...

Fitch: Draghi’s resignation portends political uncertainty in Italy

The rating agency Fitch in its analysis underlines that "the resignation of Italian Prime Minister Mario Draghi, after the rift that occurred within the government of national unity, portends greater political uncertainty, even if early parliamentary...

Fitch: ‘Prohibitive’ to any exit of the Greek banks to the markets by the current crisis

Her Eleftherias Kourtalis Although the road to single-digit NPEs for the entire Greek banking sector remains open despite the current difficult economic environment, Fitch estimates that plans to exit the markets will be put on hold due...