Fitch Ratings News
16.08 / 18:33
UPS
Align
prudential
Banks’ prudential indicators have improved: Fitch report
MUMBAI : The operating environment for Indian banks has strengthened as economic risks associated with the covid-19 pandemic have ebbed, Fitch Ratings said in a note on Wednesday. It said a number of prudential indicators for the sector have also improved compared with pre-pandemic levels, though growing risk appetite in a relatively benign operating environment (OE) highlights importance of buffers against potential stress.
03.08 / 05:13
Wall Street
The U.S. credit rating has been downgraded again. What does that mean?
Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness, a move that contributed to sharply lower stock prices in Wednesday trading.
25.07 / 11:05
UK
UK government
Costs
UK faces highest debt interest costs in developed world
Inflation index-linked debt accounted for almost 25% of UK government debt stock in 2023.
17.07 / 11:03
Enterprise
Indian
Fitch affirms Indian Oil Corp at ‘BBB-’; outlook stable
New Delhi: Credit rating agency Fitch Ratings has affirmed Indian Oil Corp Ltd’s (IOC) long-term foreign-currency issuer default rating (IDR) at ‘BBB-’ with a stable outlook. The agency also maintained the senior unsecured rating and the ratings on the outstanding senior unsecured debt of IOC at ‘BBB-’. “The IDR and outlook are equalised with the largest shareholder, the state of India (BBB-/Stable), under our Government-Related Entities (GRE) Rating Criteria, reflecting a very strong likelihood of state support," Fitch Ratings said.
02.06 / 14:33
DOW
Here’s where the jobs are for May 2023 — in one chart
The U.S. payrolls report for May blew past expectations, supported by strong jobs gains in the professional and business services sector — as well as a jump in government employment.
17.03 / 08:55
Provident
Target
Digital
Aware
SVB
Fitch says banks in Asia are resilient to risks seen in U.S. bank failures
Asia-Pacific banks are «resilient to risks» highlighted by failures seen in U.S. banking sector, Fitch Ratings said Thursday, adding the exposure to Silicon Valley Bank and Signature Bank is insignificant for regional banks the agency covers.
12.09 / 13:19
25.01 / 01:21
business
Mining
Electricity
Power
Crypto miners
Fitch Ratings warns of risks crypto miners pose to US power supply
Global credit rating agency Fitch Ratings is warning public power utilities across the United States to mitigate the risk crypto mining could post their production of power.
10.12 / 12:07
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