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...“We believe that the correction in housing prices in Europe is not over yet, but we have probably seen the worst of it,” said Sylvain Broyer, chief economist of EMEA at S&P Global Ratings....
...The deal will allow junk-rated Telecom Italia to cut its debt from the current €26bn to €14bn and has prompted rating agencies Fitch, S&P and Moody’s to place the group in review for a rating upgrade this...
...Olu Sonola, head of US economic research at Fitch rating agency, described the inflation figure as the “real story” in the release....
...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....
...Credit rating agency S&P Global downgraded Ethiopia’s debt to default on December 15 after the initial deadline for payment was missed....
...S&P’s move comes after Fitch raised the company to investment grade status in September. Moody’s lifted the company to the highest notch of junk territory in July....
...US markets had their steepest single-day drop in months on Wednesday after Fitch downgraded its assessment of the country’s debt, with the S&P 500 losing 1.4 per cent and the Nasdaq Composite closing 2.2...
...s=20 It should be stressed that Alphaville’s sanguine view is based partly on the basic truthfulness of Fitch’s jaundiced view of US governance and debt dynamics, but most of all on the fact that unless...
...Note that for the regression, we include only tickers with index-eligible debt (rated by S&P, Moody’s, or Fitch).1 Although it could be argued that aggregate size is also a factor in the issuers’ current...
...Another factor is S&P has just two offices, Moody’s one and Fitch none in Africa, which we believe contributes to the unfair coverage the continent receives....
...Credit ratings, by contrast, are up to 99 per cent correlated, meaning that one company will receive broadly the same view whether one consults Moody’s, S&P or Fitch....
...After S&P took away its triple A rating for the US, there was little long-term effect on markets....
...Of the 447 universities with a credit rating from S&P Global Ratings, more than a third are rated triple B plus or below....
...Fitch downgraded France’s credit rating in April, citing the risks of high government debt and opposition to Macron’s reform agenda....
...Fitch signalled in May that a downgrade was possible and few analysts expected big market shifts as a result....
...The action by Fitch came after S&P similarly downgraded the US to double A plus in 2011, following a debt ceiling showdown when Democrat Barack Obama was president....
...Fitch and S&P Global slashed First Republic’s credit rating, in the latest sign of how the failure of Silicon Valley Bank is rippling across the broader US banking sector....
...Fitch and S&P Global cut First Republic’s credit rating, in the latest sign of how the failure of Silicon Valley Bank is rippling across the broader US banking sector....
...Fitch has already downgraded France’s rating, while S&P maintained it in December and will review it again by April....
...The perimeter of the financial junkyard is defined by a rating of BB+ from Fitch and S&P, and Ba1 from Moody’s....
...(The quality measurement uses ratings from firms like Fitch, Moody’s and S&P, which surely could never go wrong.)...
...Vanke still has an investment-grade rating at S&P and Fitch, the latter of which downgraded it in October, citing weak sales....
...Fitch is one of three major rating agencies that investors watch closely. Moody’s still has a triple A rating for the US. The S&P slashed its US rating to a double A plus back in 2011....
...Lower credit ratings typically raise a country’s borrowing costs, although the previous downgrades by Fitch and S&P left little impact....
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