The Latest Breaking News from Fitch

The United States lost its last triple-A credit rating from a major agency on Friday as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity.

Credit rating agencies like S&P Global and Fitch have an outsized influence on the economic fortunes of developing countries. Their assessments shape investor perceptions, influence borrowing costs, and ultimately shape a country’s development path. With many African countries now issuing bonds in global markets amid falling levels of official development…

President Trump is going full bore on tariff hikes, aiming for a fundamental transformation of the economy. The stakes are huge for U.S. businesses and the stock market.

Even Mexico and Canada, which were directly hit with U.S. tariffs, are outperforming Wall Street.

Billionaire’s sprawling business empire faces financial woes as easy earnings from petrochemicals have receded

Ratings agencies downgraded outlook for Ineos Group to ‘negative’ as tycoon’s sporting interests also hit crisis point

Here are four ways to revamp your wardrobe for the New Year.

US states spend millions on Israeli investments but risk non-compliance with their own policies.

Eight other water firms won’t be using customers’ funds to pay bonuses

Southern’s latest downgrade by Fitch follows a similar move by ratings agency Moody’s earlier in November.

Earlier this month, U.S. credit rating agency Fitch upheld its AA- rating for French debt, but shifted the outlook from "stable" to "negative." On 25 October, Moody’s is set to deliver its assessment. If France’s budget plans falter, the country risks a credit rating downgrade, which would drive up borrowing…