Fitch rating agency

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Fitch warns of possible downgrade to U.S. rating

Fitch warns of possible downgrade to U.S. rating

Fitch warned of a possible cut to the U.S. triple-A sovereign credit rating later this year if the ongoing government shutdown leads to it hitting its debt ceiling and hampering budget setting. "If this shutdown continues to March …

Fitch cuts world growth forecast due to US-China trade war

Fitch cuts world growth forecast due to US-China trade war

Fitch ratings slashed the global growth outlook cut on U.S.-China trade war in its latest assessment of the global economic growth. The global gross domestic product (GDP) is lower than was previously expected as trade tensions …

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 …

S&P and Fitch affirm Azerbaijan's ratings

S&P and Fitch affirm Azerbaijan's ratings

S&P Global Ratings affirmed the long- and short-term foreign and local currency sovereign credit ratings on Azerbaijan at 'BB+/B'. The outlook on the long-term ratings is stable. "Our ratings on Azerbaijan are still …

Fitch downgrades Turkey's rating; outlook negative

Fitch downgrades Turkey's rating; outlook negative

Global ratings agency Fitch Ratings downgraded Turkey's long-term foreign currency rating on July 13 to 'BB' from 'BB ' with a negative outlook, Hurriyet Daily News reported. Fitch said in a …

S&P and Fitch raise Russia's rating

S&P and Fitch raise Russia's rating

S&P Global Ratings has raised its credit ratings for Russia to 'BBB-' from 'BB+' with a stable outlook, the company said in a statement. "Demonstrated commitment to conservative macroeconomic policies will …

US sanctions may deter upgrade of Russia's rating

US sanctions may deter upgrade of Russia's rating

Russia's sovereign rating may be raised, however the possible expansion of US sanctions may deter the upgrade, the director in Fitch Ratings' Sovereigns group Erich Arispe said. "Of course, the decision …

Why did Russia’s rating grow?

Why did Russia’s rating grow?

According to Reuters, ratings agency Fitch revised its outlook on Russia’s long-term foreign- and local-currency issuer default ratings to positive from stable. Fitch, which also affirmed Russia’s rating at “BBB-”, said …

Fitch downgrades Saudi Arabia's rating

Fitch downgrades Saudi Arabia's rating

Fitch Ratings cut its assessment of Saudi Arabia's credit quality, citing deterioration of state finances due to low oil prices and doubts over whether Riyadh can achieve its economic reform plans. Fitch downgraded Saudi Arabia by …

 Fitch affirms Kazakhstan at 'BBB'

Fitch affirms Kazakhstan at 'BBB'

Fitch Ratings has affirmed Kazakhstan's Long-Term Foreign and Local Currency Issuer Default Ratings at 'BBB' with a Stable Outlook, the agency said. The issue ratings on Kazakhstan's seni …

Fitch revises outlook for Russia to stable

Fitch revises outlook for Russia to stable

The outlook for Russia’s long-term financial risk rating has been revised from negative to stable and affirmed at ‘BBB-‘, Fitch Ratings said in a release yesterday, Sputnik reports. "A flexible exchange rate, …

Fitch notes positive trends in Azerbaijani economy

Fitch notes positive trends in Azerbaijani economy

Fitch international ratings agency increased the forecast of Azerbaijan’s GDP per capita for 2016 from $3,707 up to $3,813, and from $4,297 up to $4,434 for 2017.  The forecast for 2018 …

Fitch downgrades inflation forecast for Azerbaijan

Fitch downgrades inflation forecast for Azerbaijan

The International Ratings Agency Fitch Ratings has downgraded the forecast on inflation in Azerbaijan from 14 to 11.5 percent and from 7 to 6 percent, respectively in 2016 and 2017. Fitch report says that the inflation in the country is …

Fitch comments Tengizchevroil expansion

Fitch comments Tengizchevroil expansion

The International Ratings Agency Fitch Ratings expects that the Tengizchevroil (TCO) expansion will result in a lower dividend stream to the Kazakh state-owned National Company KazMunaiGas, which owns a 20% stake in TCO, over the medium term. …

Fitch Ratings: Azerbaijan benefits most from commodity boom

Fitch Ratings: Azerbaijan benefits most from commodity boom

A number of key economic and financial ratios in commodity-based emerging markets (CEMs) have already returned to pre-boom levels, two years after the sudden end of the commodity boom, Fitch Ratings said in its latest Global Perspectives …