The Latest Breaking News from Fitch Ratings

Fitch Ratings cited default risks as debt-ceiling talks near the early June deadline.

After losing 3% last week, the Stock Exchange of Thailand (SET) index is likely to remain on a downward trend amid lingering concerns and fiscal uncertainties after the general election, analysts say.

Asia-Pacific banks are resilient to risks related to the failures of their US peers, says Fitch Ratings, noting that regional banks have limited direct exposure to Silicon Valley Bank (SVB) and Signature Bank.

As health systems' balance sheets continue to get battered by poor investment returns, soaring workforce and supply chain costs, and soft revenue, they are grappling with another unwieldy financial problem: soaring cyber insurance costs.

Fitch Ratings said insurable economic losses following the quakes (in Türkiye) could exceed $4 billion. "Economic losses are hard to estimate as the situation is evolving, but they appear likely to exceed" $2 billion and could reach $4 billion "or more," Fitch Ratings said. Insured losses will be much lower,…

Fitch Ratings lauded the agreement between the Egyptian government and the International Monetary Fund (IMF) in which Egypt secures a $3 billion loan over 46 months. Fitch Ratings added also said that Egyptian banks’ regulatory capital ratios can withstand further Egyptian pound depreciation as they are supported by healthy internal…

We continue our 12 questions about Three Waters. If the assets remain on council balance sheets, communities will pay the price – quite literally.

Financial specialists attributed features of liquidity scarcity in the Saudi financial and banking sector to the effects of raising interest rates and increasing the Saudi Interbank Offered Rate, or Saibor, along with the emergence of attractive investment opportunities. According to specialists, the interest rates rose in parallel with the decline…

Australia has maintained its AAA credit rating by Fitch Ratings, which noted the government's decision to show spending restraint in it's first budget.