Tag: Fitch

US Debt Outlook Boosted to Stable by Fitch as Tax Revenues Climb

(Bloomberg) — The US government’s debt dynamics have strengthened thanks to recent improvements in the economy and increased revenue, according to credit assessor Fitch Ratings, which has upgraded the country’s outlook to stable.Most Read from BloombergWho Shot Shinzo Abe and Why? Everything We Know So FarEx-Japan Leader Abe Killed in Shooting That Shocks NationMusk Backs Out of $44 Billion Twitter Deal Over Bot AccountsWorking From Home Isn’t a Free Company BenefitBiden Lauds CIA for Punching
— Read on ca.finance.yahoo.com/news/us-debt-outlook-boosted-stable-205844198.html

Canada Becomes First to Lose AAA Status at Fitch on Virus Woes – Bloomberg

Fitch Ratings stripped Canada of its AAA status amid a spike in emergency spending for Covid-19, making it the first top-rated country to be downgraded by the ratings agency during the pandemic.
— Read on www.bloomberg.com/news/articles/2020-06-24/fitch-strips-canada-of-aaa-rating-on-worsening-finances

Italian Bonds Slide After Fitch’s Out-of-Cycle Downgrade

(Bloomberg) — Italian sovereign bonds fell after Fitch Ratings downgraded the nation’s rating by a notch to BBB-, just one level above junk.Yields on 10-year bonds jumped 10 basis points to 1.82%, erasing much of this week’s decline following a decision by S&P Global Ratings to keep the nation’s credit
— Read on ca.finance.yahoo.com/news/italian-bonds-edge-fitch-cycle-021414054.html

Fitch Spares Italy From Downgrade Amid Fresh Political Crisis – Bloomberg

Fitch Ratings affirmed Italy’s credit rating Friday, giving the country a respite as it plunges into a new phase of political instability and probably early elections.
— Read on www.bloomberg.com/news/articles/2019-08-09/fitch-spares-italy-from-downgrade-amid-fresh-political-crisis