Credit rating agency Fitch downgraded Russia’s debt again on Tuesday, saying its decision reflected analysts’ view that Moscow’s risk of default was “immediate.” Like the other two so-called “big” rating agencies (S&P Global Ratings and Moody’s), Fitch had already placed Russia’s long-term debt in early March in the category of those who may cease to […]
Tag: Fitch
Fitch: The shock of inflation could threaten the economy with a recession
Her Eleftherias Kourtali The shock of inflation could begin to threaten the global economic outlook this year, Fitch Ratings says in a new report. A scenario where US inflation remains very high in the second half of 2022 and medium-term inflation expectations are rising is reasonable and could cause the Fed to tighten its policy […]
Fitch on Capital.gr: ‘War goes back to ECB decisions on interest rates’
By Leonidas Stergiou The Capital.gr turned to Fitch’s director of financial analysis, Tej Parikh, who two weeks ago ruled out raising interest rates in 2022 and 2023, as the data do not meet all three criteria of the ECB’s monetary policy. On the day of the invasion, all data changed. Asked about this, Tej Parikh […]
Fitch: Upgraded the ratings of all four Greek banks
Fitch gave a new vote of confidence to all four Greek banks, which upgraded their credit rating by two notches for three of the four. In particular, the American house upgraded Alpha Bank’s long-term credit rating (IDR) to B from CCC +, Eurobank and National Bank to B + from B-, and Piraeus Bank to […]
Fitch: Greece’s debt reduction course supports the positive outlook
Greece’s debt reduction course supports the positive outlook on the country’s credit rating, according to Fitch Ratings in an analysis released today. The outlook revision in Greece’s assessment reflects the strong economic growth and the narrowing of the budget deficit, which supports the faster-than-expected debt relief, amid rising borrowing costs, the house notes in its […]
Fitch Ratings downgraded Turkey’s credit rating
The international rating agency Fitch Ratings downgraded Turkey’s credit rating to “B +” from “BB-“, stating that the outlook of the country is negative. “Turkey’s expansionary policy mix (including deeply negative real interest rates) could consolidate high inflation, increase public finance exposure to exchange rate devaluation and inflation, and ultimately erode domestic confidence and “Pressures […]
Fitch: Turkey’s credit rating downgraded
The international rating agency Fitch Ratings downgraded Turkey’s credit rating to “B +” from “BB-“, stating that the outlook of the country is negative. “Turkey’s expansionary policy mix (including deeply negative real interest rates) could consolidate high inflation, increase public finance exposure to exchange rate devaluation and inflation, and ultimately erode domestic confidence and “Pressures […]
Fitch: Russia’s debt threatens severe sanctions
The imposition of new and possibly severe sanctions against Russia could have a negative impact on the credit rating of the country and its banking sector, the rating agency Fitch said on Tuesday, in response to the growing threats of the West for the consequences of a possible Russian invasion. in Ukraine. At the same […]
Fitch: Upgraded Greece’s outlook, rating on ‘BB’ stable
LAST UPDATE: 01.10 The American rating agency Fitch kept the credit rating of Greece unchanged at the “BB” level, while upgrading the outlook to “positive” from “stable”, according to the report that was published late on Friday night. Fitch, opening the cycle of our country’s ratings for 2022, points out that the strong dynamics of […]
Fitch: The improvement that Greek banks have made is huge
Her Eleftherias Kourtali A strong “message” for the Greek banking sector is sent by the rating agency Fitch, just one day before its scheduled rating for Greece. The house has noted many times that in addition to the greater confidence that the country’s public debt / GDP is returning to a steady downward trend, the […]
