Hints and tips:
...Fitch cut its rating on the bonds to BB+ from BBB- just five weeks before voters will choose a new president....
...The IMF forecasts a sharp slowdown in GDP growth to 2.5 per cent this year, from 7.5 per cent in 2023, and Fitch downgraded Panama’s bonds into junk territory in March....
...Last month, Fitch relegated Panama’s sovereign bonds to junk territory, with the markets pricing in further downgrades from the rating agencies. S&P already holds a negative outlook on the country....
...Ratings agency Fitch downgraded Mexican state oil company Pemex’s debt further into junk territory on Friday, saying the company was in ‘financial distress’ and that its poor environmental and worker safety...
...Pemex said it disagreed with Fitch’s downgrade, and that federal government support had been co-ordinated and unlike in any prior administration....
...The company’s debt is in junk territory and in July rating agency Fitch downgraded it further while Moody’s put it on a negative outlook....
...The Fitch Ratings agency last week warned that annual new home sales in China could fall as much as 15 per cent....
...Downstairs, a more club-like vibe pertains (apparently the room is where Christine Keeler met John Profumo)....
...Wednesday Germany, ECB president Christine Lagarde gives opening remarks at the 25th anniversary celebration for the central bank in Frankfurt UK, Bank of England governor Andrew Bailey and London Stock...
...Christine Messineo, the new director of Frieze Los Angeles and Frieze New York, is overseeing her first fair....
...Rating agency Fitch said in September that Costa Rica’s “decade-long fiscal deterioration” might be reaching an inflection point thanks to belt tightening in its latest budget....
...The global outlook “for monetary tightening has increased notably, as has the potential for stagflation,” says Fitch, the credit rating company....
...Nevertheless, rating agency Fitch warned in July that stablecoin operators could trigger contagion in credit markets if they were forced for any reason to unwind their reserves....
...Even in Europe, where rates are already lower anyway, the ECB’s Christine Lagarde conceded that they would look at data again in the new year....
...Fitch’s move was unexpected, coming three months ahead of its next scheduled review of Italy’s rating....
...On Tuesday, Fitch downgraded Italy’s credit rating to one notch above “junk” status....
...One reason is that the ECB under current head Christine Lagarde had already stamped out a fire raging in the bond market with its €1.35tn emergency bond-buying programme, leaving Italian debt relatively...
...That, in turn, has placed pressure chiefly on the ECB to provide succour to investors, with Italy’s downgrade at the hands of Fitch in recent days only emboldening calls for more monetary action ahead of...
...Christine Lagarde has plenty on her plate....
...Christine Lagarde has warned that rising tariffs between the world’s two largest economies were “self-inflicted wounds” that would hit the already precarious global recovery, calling on both Washington and...
...Michael Epstein will head the unit taking over from Christine Removille, who moves to a new role of global president of media and performance transformation at the group....
...Imagine, five years ago, a profile of the medieval poet Christine de Pizan getting commissioned alongside a round-up of the best celebrity Instagrams....
...Nigeria is rated BB minus by Fitch Ratings and B plus by S&P, below investment grade. Its finances have come under acute pressure as oil prices have dropped....
...Brazil, for example, has already seen its credit rating downgraded to junk by both Standard & Poor’s and Fitch Ratings. 4....
...Data from Fitch show spreads on credit default swaps, insurance against possible default, widening 8 per cent in the third quarter from a year earlier....
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