Fitch Ratings
| Use attributes for filter ! | |
| Headquarters | New York |
|---|---|
| New York | |
| United States | |
| Ceo | Paul Taylor |
| Number of employees | 2,500 (approximate) |
| Founders | John Knowles Fitch |
| Subsidiaries | Fitch Solutions, Inc. |
| Korea Ratings | |
| Parent organizations | Hearst Corporation |
| Fitch Group | |
| Address | Esentepe, Büyükdere Cd. Kule 2 No:2, 34394 Beşiktaş/İstanbul |
| Phone | (0212) 279 10 65 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1045980 |
About Fitch Ratings
Fitch Ratings Inc. is one of the "Big Three credit rating agencies", the other two being Moody's and Standard & Poor's. It is one of the three nationally recognized statistical rating organizations designated by the U. S. Securities and Exchange Commission in 1975.
Where is the Fitch Ratings
Evergrande: China property giant suspends shares amid reports of detained leaders
... " China s property-sector stress will continue to pose cross-sector credit risks in the near term, " wrote Lan Wang and Duncan Innes-Ker of Fitch Ratings...
US Congress inches closer to deal before holiday weekend
... Fitch Ratings, one of the big three credit ratings agencies, on Wednesday said it had put the US on " negative watch" - the first step toward lowering the country s credit rating...
US interest rates hit 14-year high in inflation battle
... " That is definitely one of the downside risks - that the synchronised nature of the tightening could make it that much more powerful, " said Brian Coulton, chief economist at Fitch Ratings...
Sri Lanka defaults on debt for first time in its history
... Fitch Ratings lowered its assessment of the South Asian nation, saying " a sovereign default process has begun"...
Sri Lanka debt default 'has begun' - rating agency
... Fitch Ratings lowered its assessment of the South Asian nation, saying " a sovereign default process has begun"...
War in Ukraine: Russian debt default 'imminent', warns agency
... Fitch Ratings downgraded its view of the country s government debt, warning a default is " imminent"...
US Federal Reserve cuts interest rates for second time
... Brian Coulton, chief economist at Fitch Ratings, said the upgrade to that growth prediction underscores the fact that the Fed is worried about global factors, such as the trade war, rather than the underlying health of the US economy...
Sri Lanka debt default 'has begun' - rating agency
Sri Lanka is about to default on its debts, two of The World 's largest credit rating agencies have warned.
Fitch Ratings lowered its assessment of The South Asian nation, saying " a sovereign default process has begun".
S& P Global Ratings made a similar announcement and said that a default is now a " virtual certainty".
This Week , Sri Lanka said it will temporarily default on its foreign debts as it faces its worst economic crisis in More Than 70 years.
Meanwhile, faced with mass protests over major power cuts and the soaring cost of food and fuel, officials have urged Sri Lankans working abroad to send money home.
On Monday, Sri Lanka is due to make $78m (£59. 4m) of interest payments on its international sovereign bonds.
If the payment is not made within a 30-day grace period it would mark the country's first default on its foreign Debt since independence from the UK in 1948.
Fitch's latest rating puts Sri Lanka at " near default" and indicated that its " payment capacity is irrevocably impaired".
" We will downgrade the [rating] once a payment on an issuance is missed and The Grace period has expired, "
S& P also downgraded Sri Lanka " to reflect the virtual certainty of a default on some affected obligations".
The ratings agency said it was waiting for more details on Sri Lanka 's Debt restructuring plan, or confirmation that its government had failed to pay its creditors.
" We expect the government to miss paying these coupons, " S& P said in a note. A coupon is the interest payment due on a bond.
Credit ratings are intended to help investors understand The Level of risk they face when buying a financial instrument, in this case a country's Debt - or sovereign bond.
On Tuesday, the Sri Lankan government said it would temporarily default on $35. 5bn in foreign Debt .
Its finance ministry said the impact of the pandemic and The War in Ukraine made it " impossible" to pay its creditors.
The country is due to start talks with The International Monetary Fund (IMF) next week on a loan programme to get its economy back on track.
It steeply devalued its currency last month ahead of talks with the IMF over a bailout.
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