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
Among the negative indicators accompanying the crisis in which Lebanon has been mired for more than three years, Fitch Solutions presented positive indicators. In its report “Lebanon’s Consumer Outlook 2023: High Inflation and a Fragile Political Climate Preventing a Full Recovery in Spending,” the agency sees that real household spending will increase 3% year-on-year during … Read more
Normal It plans to post a fiscal surplus of 19.2% of GDP in 2022 October 24, 2022 17:32 Abu Dhabi: Ahmed Al-BashirFitch confirmed Abu Dhabi’s long-term and short-term sovereign credit ratings at AA and F1 +, respectively, with a stable outlook.The agency said the ratings granted to Abu Dhabi reflect a number of supporting factors, … Read more
The agency Fitch Ratings has cut down to 5% the growth forecasts of the Gross Domestic Product (GDP) of Spain for 2022 from the 6,3% earlier, due to rising energy prices, fueled by the war in Ukraine. – “This is probably weakness in consumer spendinglinked to an increase in Covid-19 cases during the winter, continue … Read more
A credit rating is an important guide for investors, as it shows them the likelihood of properly repaying loans. It has a significant effect on the willingness of creditors to lend to the State or another entity concerned, as well as on the terms of the loan, such as the interest rate. The higher the … Read more