Fitch - CDE News - The Dispatch

‘Big Three’ credit rating firms maintain iron grip in Europe

By Marc Jones LONDON (Reuters) - S&P Global, Moody's and Fitch, the so-called 'Big Three' credit ratings agencies, are maintaining their dominance of Europe's credit score market despite the region's…

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Fitch Affirms Malta at ‘A+’; Outlook Stable

FitchRatings has affirmed Malta's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Stable Outlook. Fitch reported the following in the rating report: Ratings Strengths and Weaknesses: Malta's rating…

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More small emerging market defaults ‘probable’ in 2023 – Fitch

JOHANNESBURG (Reuters) - More sovereign defaults are "probable" next year among small emerging market countries, ratings agency Fitch said in its 2023 outlook this week, citing a likelihood of sudden…

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Fitch slashes U.S. growth forecast for 2022 and 2023 – CNN

Ratings agency Fitch has slashed growth forecasts for the United States for this year and next and will warn on Tuesday that the Federal Reserve's interest rate hikes and inflation will drive…

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Fitch, Moody’s slash Russia’s sovereign rating to junk

March 3 (Reuters) - Fitch and Moody's on Wednesday each downgraded Russia's sovereign credit rating by six notches to "junk" status, saying Western sanctions threw into doubt Russia's ability to service its debt and would weaken its economy. Russia's financial markets…

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Fitch puts 13 Turkish banks on downgrade warnings

LONDON, Dec 13 (Reuters) - Credit rating agency Fitch has put 13 Turkish banks on downgrade warnings following a similar move on the government's sovereign rating last week. The moves…

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Fitch upgrades Italy by a notch to ‘BBB’ on expectations of growth

Fitch upgraded Italy's rating to "BBB" from "BBB-", as it expects the country's economy to grow after reopening from the COVID-19-led pandemic lockdowns. The ratings agency believes high vaccination rates…

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Fitch Affirms Malta At ‘A+’ Outlook Stable

Global credit rating agency Fitch has affirmed Malta's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Stable Outlook. The Stable Outlook reflects Fitch's expectation that GDP growth will…

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Fitch raises UK outlook on economic resilience to pandemic shock

Rating agency Fitch raised Britain's outlook to 'stable' from 'negative’, saying macroeconomic, labour market and fiscal outturns since the start of 2021 showed the economy was more resilient to the…

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Fitch Affirms Malta at ‘A+’

Global ratings agency Fitch affirmed Malta’s credit rating at 'A+', saying Malta's rating is supported by high per capita income levels, a large net external creditor position and a pre-pandemic…

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Global warming could cut over 60 countries’ credit ratings by 2030, study warns

A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody’s and Fitch…

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Record rise in government debt will hit emerging markets harder, Fitch says

A record increase in government debt globally will hit emerging markets disproportionately, with developing nations not benefiting from lower interest rates and debt service burdens providing a cause for concern,…

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Fitch Affirms Malta at ‘A+’; Outlook Stable but warns on unfolding corruption allegations

Fitch Ratings has affirmed Malta's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Stable Outlook. International credit agency Fitch reported that Malta's rating is supported by high per…

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Fitch switches Brexit view to UK going to WTO terms

Credit rating agency Fitch has revised its Brexit view and now expects the UK-EU trade relationship to move to World Trade Organisation (WTO) terms at the start of next year…

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Fitch Ratings expects unemployment in Malta to double in 2020

Fitch Ratings is forecasting unemployment in Malta to double throughout 2020 as a result of the coronavirus pandemic. In its July report on Malta, in which it re-affirmed Malta's rating…

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World faces recession of “unprecedented depth in post-war period” says Fitch

The world is on track for a recession of “unprecedented depth in the post-war period”, ratings agency Fitch says. In a note issued on Thursday, Fitch chief economist Brian Coulton…

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Fitch Ratings affirm Malta’s ‘A+’ rating with Positive Outlook

Fitch Ratings has affirmed Malta's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Positive Outlook, despite unfolding corruption allegations and a recent rise in political volatility. Foreign demand…

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Fitch Revises Malta’s Outlook from Stable to Positive; Affirms at ‘A+’

Credit Agency Fitch expects high economic growth in Malta to be sustained in the medium term, and estimates potential growth at around 4%. In its statement, Fitch said that with…

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Fitch Ratings cuts Deutsche Bank’s credit rating

Fitch Ratings has cut Deutsche Bank’s credit rating, heaping further pressure on the German lender after shares slid to a new all time low this week. Fitch on Friday evening…

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S&P and Fitch warn UK still faces no-deal Brexit risk

Ratings agencies S&P Global Ratings and Fitch Ratings kept open the possibility of a further cut to Britain's credit status because of the continued risk of a no-deal Brexit, despite…

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Malta News Evening Round Up

Good evening, The Maltese portals lead with the follow up on the murder of Shannon Mak. Today, a 22 year-old Dutch national Jelle Rijmpa was charged with the murder of Dutch woman…

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