Fitch Ratings downgraded its outlook for Boeing to “negative” from “stable” amid continued problems surrounding the still-grounded 737 Max aircraft. The ratings agency said the damage to Boeing’s image, along with costs associated with the 737 Max remaining grounded, will be important to watch over the next year. Boeing has […]
Fitch, one of the “Big Three” ratings agencies, has warned that the looming spectre of a no deal Brexit puts the UK at risk of a first credit rating cut from the agency in over five years. The agency on Wednesday evening placed the UK on what is known as […]
The ratings agency Fitch has warned that the partial government shutdown puts the US at risk of losing its “AAA” credit rating in the near future. James McCormack, Fitch’s global head of sovereign ratings, made the warning at an event in London on Wednesday. The US has been downgraded by […]
Fitch, one of the “Big Three” credit ratings agencies, believes Brexit is now too complicated to call. It has removed its base case, because “there is such a wide range of potential Brexit outcomes that no individual scenario has a high probability.” The ratings agency also believes that the possibility […]
Fitch Ratings has revised its outlook on the Commonwealth Bank to negative from stable, citing governance risks and the financial services royal commission. However, the agency affirmed CBA’s long-term issuer default rating at AA-. Fitch says the outlook has been revised to negative to reflect the Commonwealth’s risks in remediating […]
Foreign banks' total lending to mainland China...
Ratings agency Fitch has affirmed BHP Billiton’s long-term credit rating at A+ with a negative ratings outlook. Here’s the basis for its decision. The ratings affirmation is supported by the recovery in BHP’s financial performance on the back of stronger than expected results and cash-flow generation since mid-2016, and steps […]
LONDON -- Fitch Ratings has found a way for...
The move this month by Australia’s banks to increase mortgage rates for owner-occupiers should help cool growth in lending to more vulnerable borrowers, according to ratings agency Fitch. However, high household debt and rapid property price rises are already key risks to the performance of the banking sector, says Fitch […]
Fitch Ratings has revised its outlook on Australia’s banking for 2017 to negative from stable. In its 2017 outlook report, the agency says the change reflects an increase in macroeconomic risks and pressure on profit growth. The change follows Moody’s which in August last year changed the outlook for the […]
Fitch just revised South Africa's outlook to...
Fitch Ratings says the slim margin election victory for the coalition will make policy decisions and reducing debt more of a challenge than the previous parliament. The fiscal and major policy outlook could be altered with the government reduced to a slim majority in the House of Representatives and the […]
Banks across Europe could be forced to sell as...
The amount of debt globally yielding below zero...
Cheaper petrol prices over the last two years haves helped Australian households cut living expenses, boost savings and cope better with mortgage payments. According to analysis by Fitch Ratings, households spent $2604 on average on fuel in the year to May, based on the average household consumption of 40 litres […]
Profit growth for Australia’s major banks will be soft this year, according to rating agency Fitch in its latest banking review. Fitch says the weaker growth mainly reflects competition, low interest rates, moderate credit growth and rising impairment charges. The big four banks have been reporting worse than expected profit […]
China’s rebalancing from an economy dominated by investment to one that rests on consumption continues. But it’s likely to be a “protracted process” according to rating agency Fitch. In a new report which says that a “China hard landing remains (the) key risk to global growth” Fitch highlights that “the […]