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...
US interest rates hit 14-year high in inflation battle
The US Central Bank has pushed interest rates to The highest level in almost 15 years as it fights to rein in soaring prices in The World 's largest economy.
The Federal Reserve announced it was raising its key rate by another 0. 75 percentage points, lifting The Target range to 3% to 3. 25%.
Borrowing costs are expected to climb More - and remain high, The Bank said.
The Move comes despite mounting concern That The cost of controlling inflation could be a harsh economic downturn.
Federal Reserve chairman Jerome Powell has said The rate rises are necessary to slow demand, easing The pressures putting up prices and avoiding long-term damage to The economy.
Banks in nearly every Country - with The big exceptions of Japan and China - are taking similar steps as they wrestle with their own inflation problems.
The Bank of England is widely expected to announce its seventh consecutive rate rise at its meeting on Thursday, while Indonesia and The Philippines are among The Other countries also poised for increases.
Analysts are starting to worry That The global sweep of The rate hikes, which ripple out to The Public in The form of More expensive mortgages, loans and credit card debt, could lead to greater economic slowdown than policymakers expect.
" 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 .
How much will interest rates go up?In The US, The Fed is raising rates at one of The fastest paces in its Modern History , a sharp reversal after years of low borrowing costs.
Wednesday's increase - The fifth in a row - puts The rate The Fed charges banks to borrow from near zero at The start of The Year to 3% for The First Time since early 2008.
Forecasts released by The Fed on Wednesday show policymakers expect it to reach 4. 4% by The End of The Year - and rise to 4. 6% in 2023, sharply higher than its prior forecasts.
" What is striking is The speed, " Mr Coulton said. " They're having to move very quickly. . and it means it's More likely to be a surprise to firms and households. "
Uncertainty weighs heavilyNew Yorker Sean V said he felt lucky That he bought a two-bedroom condo Last Year , before borrowing costs started their climb, locking in a mortgage rate around 2. 6%.
But The 30-Year -old works in The home loan industry, which has seen business plunge as mortgage rates cross 6% for The First Time since 2008.
He Said he feared losing his job " every single day" and was cutting back spending and scrapping holiday plans amid The uncertainty.
" I don't know what 2023 is going to bring, " He Said . " All of That weighs heavily - not just on me, on everybody. "
" I don't know how stalling The economy is helping anyone. "
Source of news: bbc.com
