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
The recent downgrade of the United States’ credit rating has brought to mind the mistakes of Dr. Chocholouk in the film “Jchyme, ho ho do stroje.” From Washington’s perspective, this is a regrettable oversight that occurs at most once every fifteen years. Or maybe twice? Now, it seems it might even be three times. A … Read more
Xinhua News Agency, Washington, August 2 (International Observation) The “cancer” of the U.S. debt crisis is hard to get rid of. The U.S. credit rating has been downgraded Xinhua News Agency reporter Xiong Maoling and Shi Chun On the 1st, the international rating agency Fitch downgraded the US long-term foreign currency issuer default rating from … Read more
A $500 billion corporate debt storm is brewing over the global economy, generating bankruptcies and unemployment, writes Bloomberg, reminding us that the era of easy money is over. A $500 billion corporate debt storm is brewing over the global economy Richard Cooper, a partner at a leading corporate bankruptcy law firm, has advised companies around … Read more
By Le Figaro with AFP Published on 02/06/2023 at 19:01update on 02/06/2023 at 19:14 This content is not accessible. The AAA rating is the highest possible. Stock Adobe The Fitch rating agency maintained on Friday its negative monitoring under which it had placed the valuable AAA rating of the United States due to the Debt … Read more
Fitch’s downgrade of France’s credit rating on Friday underscores how much the eurozone has changed since 2004. Back then, the Czech Republic as a “four-wheeler” should have entered the “one-wheelers”, today the Czech Republic is a “two-wheeler” and should be included among the “worse three-wheelers”. When the Czech Republic joined the EU on May 1, … Read more
Muhammad Jamal wrote Saturday, April 29, 2023 07:45 PM The main activity of the agency Fitchin assessing the ability of countries to pay their debts, by giving them a score represented by letters, similar to the two other major rating agencies Moody’s and Standard & Poor’s, and it is not expected that the “Fitch” rating … Read more