What Nigeria needs to make the grade
How do you get to investment grade? It’s a question that interests many developing economies. Handily, credit rating agency Fitch has just published a few pointers for Nigeria, a country that is three...
View ArticleFitch and Turkey: moving towards investment grade?
Turkey has just received quite a meaningful pat on the back. Fitch Ratings declared on Thursday that the Turkish economy is on track to stage a soft landing, hailed the country’s “remarkable” boom in...
View ArticleNew rating agency to “align with common interests of human society”
Photo: Bloomberg Credit rating agencies from China, Russia and the US are establishing a joint venture that they say will change the assessing of risk in global finance. Dagong, a Chinese agency that...
View ArticleFitch lifts Turkey to investment grade
Fitch on Monday became the first international credit rating agency to upgrade Turkey to investment grade. The lira jumped on the news – strengthening by about 0.6 per cent against both the euro and...
View ArticleSub-Saharan sovereign debt: a bright 2013 in store
Rating agency Fitch is ending the year with predictions that sub-Saharan Africa will be “a bright spot in an otherwise gloomy world in 2013″. With growth expectations of above 5 per cent, the region is...
View ArticleTurkey’s unorthodox monetary policies get a thumbs up
Fresh from receiving a gong that ranks him above his peers, Turkey’s top central banker has received a further vote of quiet confidence for his management of the country’s consumption -hungry economy....
View ArticleEgypt: Fitch cuts to B amid crisis
Persistent protests and violence, a state of emergency, an increasing funding crisis: Egypt is having a tough 2013 so far. It’s not a surprise then, that rating agency Fitch downgraded the country from...
View ArticleFitch downgrades LG on the margins
A credit ratings downgrade is the last thing that LG Electronics needs at a time when it is struggling to steal market share from bigger rivals Apple and Samsung Electronics in the competitive...
View ArticleFitch downgrades China – just a little local difficulty?
#bbpBox_321615661283557376 a { text-decoration:none; color:#3489B3; }#bbpBox_321615661283557376 a:hover { text-decoration:underline; }Fitch w China downgrade...citing structural challenges, weak...
View ArticleSlovenia’s ratings: why so varied?
Credit rating agency Moody’s downgraded Slovenia on Tuesday to junk status, citing its weak banking system. After its being so often compared to Cyprus, you might think that’s fair enough. But the...
View ArticleFitch: still some love left for Brazil
There is still some love out there for Brazil, it seems. While many had expected Fitch to follow in the footsteps of Standard & Poor’s by downgrading the outlook on Brazil’s BBB sovereign rating,...
View ArticleFitch: China’s credit is not just big, it’s growing way too fast
Some more fuel to the China-credit-is-out-of-control fire. Fitch Ratings (which, don’t forget, downgraded China’s debt rating last year) has published a report which argues that “talk of deleveraging,...
View ArticleFitch upgrades Peru
A vote of confidence for Peru: Fitch Ratings, the credit rating agency, has upped its foreign debt rating to ‘BBB+’, two notches above the lowest investment grade. This puts Fitch’s rating in line with...
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