Fitch Ratings

Fitch Ratings lowers 2023 world GDP forecasts

Fitch Ratings lowers 2023 world GDP forecasts

Fitch Ratings Inc. said it again revised down world GDP forecasts for 2023 "as central banks intensify their fight against inflation and the outlook for China's property market deteriorates." Fitch said it now expects 2023 …

Fitch affirms Azerbaijan's BB+ rating

Fitch affirms Azerbaijan's BB+ rating

Fitch Ratings has affirmed Azerbaijan's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+' with a Stable Outlook,  FitchRatings …

Fitch Affirms Gazprom Neft rating

Fitch Affirms Gazprom Neft rating

Fitch Ratings has affirmed Gazprom Neft's (GPN) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BBB', with a Stable Outlook.  The affirmation applies to the ratings of all debt issued by GPN …

Fitch affirms Kazakhstan's rating at 'BBB'

Fitch affirms Kazakhstan's rating at 'BBB'

Fitch Ratings, the international rating agency, affirmed Kazakhstan’s long-term issuer default rating (IDR) at ‘BBB’ with ‘Stable’ outlook. The sovereign balance remains strong  and assets in the …

Fitch Ratings affirms Georgia at 'BB-', outlook positive

Fitch Ratings affirms Georgia at 'BB-', outlook positive

Fitch Ratings has assessed Georgia’s Issuer Default Ratings (IDR) at 'BB-'. The outlook is positive, Fitch added. “Georgia's ratings are supported by governance and business environment indicators that are above …

Will trade wars undermine global economy?

Will trade wars undermine global economy?

Escalating global trade war could cut world GDP growth to 2.8% from 3.2% (by 0.4%), according to Fitch Ratings 2018 “Global Economic Outlook” baseline forecast. According to the agency, the U.S., Canada and Mexico would be …

Fitch revises outlook on Georgia to positive

Fitch revises outlook on Georgia to positive

Global rating agency Fitch Ratings revised its outlook on Georgia's long-term foreign- and local-currency issuer default ratings to positive from stable and affirmed the rating at BB-, citing favorable growth prospects.  The …

Do European oil majors adjust to low prices?

Do European oil majors adjust to low prices?

Shell, Total and British Petroleum are adjusting their operations to match the realities of an under-$60-barrel price in the long run, according to a new Fitch Ratings report. The European oil majors are lowering dividends and spending …