Fitch Ratings
Coverage of Fitch Ratings in the Nexus archive.
- Barclays upgrades Pakistan's sovereign debt to 'overweight' on improved oil market outlook: report
Barclays upgraded Pakistan's dollar bonds to 'overweight' due to improved oil market prospects and economic stability, citing stronger fiscal positions and external buffers. The report recommended specific sovereign bonds and a credit default swap, while noting potential credit rating upgrades in 2026.
- Spending cuts to hit growth, warns Fitch
Fitch Ratings warns that aggressive spending cuts, particularly in capital expenditure, could harm Pakistan's medium-term growth under its 2026-27 budget. While praising fiscal discipline under the IMF program, Fitch highlights challenges in achieving tax revenue targets and risks from elevated interest costs.
- Citic Securities breaks Fitch’s rating ceiling with first ‘A’ category for Chinese brokerage
Citic Securities became the first mainland Chinese securities firm to achieve an A-category rating from Fitch Ratings. The rating agency assigned an A-minus long-term issuer default rating with a stable outlook to Citic Securities and its Hong Kong-based subsidiary, Citic Securities International.
- Wall Street Rates L.A. County Highly Even as Settlement Costs and Funding Cuts Mount
Los Angeles County received top-tier credit ratings (triple-A from Fitch and Aa1 from Moody’s) despite facing nearly $5 billion in legal liability and reductions in federal and state funding. County officials stated the ratings will enable borrowing at lower interest rates, saving millions of dollars.
- Fitch Ratings Sees Strait of Hormuz Reopening in July
Fitch Ratings predicts the Strait of Hormuz will reopen in July. The reopening is expected to impact regional trade and security dynamics.
- Argentine Dollar Bonds Jump as Fitch Upgrade Revives Demand
Argentine dollar bonds rallied after Fitch Ratings upgraded Argentina's credit score to its highest level since 2019 due to improved economic conditions. The upgrade is expected to revive demand for the country's dollar bonds. This development indicates a positive shift in Argentina's economic outlook.
- Philippines Outlook Cut to Negative by Fitch on Growth Risks
Fitch Ratings downgraded the Philippines' economic outlook to 'negative' due to risks to growth, citing challenges in maintaining economic momentum. The report highlights concerns over potential slowdowns despite the country's ongoing development.