Rising prices and high trading activity were seen today in the secondary bond market ahead of tonight’s Fitch ‘verdict’. It is noted that since last June, the international rating agency Fitch has rated Greece with BBB- and the outlook is stable. Fitch recognizes that Greece is recording one of the largest debt reductions among the … Read more
Buenos Aires. Rating agency Fitch Ratings said Friday it upgraded Argentina‘s debt rating to ‘CCC’ amid greater confidence in the country’s ability to make bond payments in foreign currency. The change in credit rating shows a gradual improvement in Argentina’s economic prospects after years of fiscal instability and could potentially expand the country’s access to … Read more
The credit rating agency Fitch upgraded the four Greek systemic banks – Ethnikis, Piraeus, Alpha Bank and Eurobank – which reflects, as it states in its announcements, the improved assessment of Greece’s operating environment to ‘bb+’. Fitch upgraded the credit rating of National Bank and Eurobank to BB+ from BB and the credit rating of … Read more
Loans Fitch upgrade rating for Turkey. September 7, 2024. For the second time this year, Turkey was rated as more credit … 2024-09-07 09:16:06 #Loans #Fitch #upgrades #rating #Turkey #WirtschaftsWoche
Mexico City The current administration has provided support to Petróleos Mexicanos (Pemex) for 81.8 billion dollars, which has helped the oil company to pay its debt immediately. However, the company’s finances represent a pressure for the country’s sovereign rating, and this could be lowered if the debt increases as a proportion of the gross domestic … Read more
In confirming the BBB- score, whereas sustaining a steady outlook for the Greek economic system, the score company Fitch Rankings proceeded, holding any improve for the November score, which can happen on the twenty second of the month. Fitch diverged from S&P’s transfer in April, which additionally affirmed the score at BBB-, however upgraded the … Read more
Scores company Fitch did not do the federal government any favors it anticipated, though it did not say so overtly, to get one other notch in yesterday’s ranking, however it confirmed basic market sentiment that it will give a sign that it “welcomes” an improve in due time. Possibly additionally on November 22, when he’ll … Read more
The UAE accounts for 19% of sustainable sukuks globally Fitch Ratings Agency confirmed that the COP28 conference would increase awareness of sustainability issues in the region, and would contribute to directing investment and financing requirements to be “more environmentally friendly.” Bashar Al-Natour, Executive Director and Global Head of Islamic Finance at Fitch Ratings Agency, said … Read more
Fitch confirms Italy’s ‘BBB’ rating with stable outlook. This is what we read in a note from the agency. “Public support for the Meloni government has held and its parliamentary majority is more stable than many previous administrations, offering a platform for medium-term economic and budgetary planning. In any case it faces considerable political pressure … Read more
Fitch Warns of Possible Downgrade of Dozens of US Banks, Including JPMorgan Chase & Co. In a recent interview with CNBC, Chris Wolfe, an analyst at credit rating agency Fitch, has warned of a potential sharp downgrade in the ratings of dozens of American banks. According How could a substantial downgrade in the ratings of … Read more