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Showing 1 - 10 of 175 results for "Fitch"

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
Fitch has downgraded the US's credit rating to AA+ from AAA, citing fiscal deterioration, a growing government debt burden, and an erosion of governance that has manifested in repeated debt limit standoffs. "Over the next decade, higher interest rates ...

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
For the first time under a Labor government, Fitch has handed down a AAA rating to the May budget. In a statement, Fitch applauded the government for its spending restraint and said the nation's public finances had outperformed expectations. "The commitment ...

APAC airports well positioned for recovery: Study

CHLOE WALKER  |  FRIDAY, 13 JAN 2023
... particular airport assets in the Asia Pacific region, are continuing to rebound strongly following the pandemic. According a Fitch Ratings' report, the infrastructure sector has the lowest proportion of deteriorating outlooks among global groups, while ...

AAA rating holds on by a thread

ELIZA BAVIN  |  WEDNESDAY, 7 OCT 2020
Australia's AAA rating will remain, but is hanging on by a thread following the government's budget announcement. Fitch ratings revised the country's rating from stable to negative on the fiscal impact of the COVID-19 shock. "The negative outlook reflects ...

ASIC grants frozen fund relief

JAMIE WILLIAMSON  |  THURSDAY, 27 AUG 2020
... least US$62 billion of mutual funds across the globe had suspended redemptions since the beginning of the year, according to Fitch Ratings. In response, ASIC has granted new conditional relief to all responsible entities of registered managed investment ...

Managed funds redemptions top US$62bn

KANIKA SOOD  |  TUESDAY, 23 JUN 2020
... suspended redemptions so far this year, already higher than at least the previous eight years, owing to COVID-19, according to Fitch Ratings. Fitch attributed the high level of suspensions in redemptions to valuation uncertainty and holdings with limited ...

COVID-19 will bite into credit ratings

BENJAMIN ONG  |  MONDAY, 27 APR 2020
... are only 10 countries unanimously rated AAA by the three credit rating agencies - Standard & Poor's, Moody's and Fitch Ratings - namely: Australia, Canada, Denmark, Germany, Luxembourg, Netherlands, Norway, Singapore, Sweden, and Switzerland. ...

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... have all suffered a rating downgrade due to the COVID-19 fallout, while APRA warns they should cut dividends and bonuses. Fitch Ratings downgraded all four of the major banks, and their New Zealand subsidiaries, due to its expectation of a significant ...

Not safe to launch: APRA

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... 2020 interim dividend settings as part of the 2020 half year results process. APRA's warnings come as ratings agency Fitch downgrades the Issuer Default Ratings (IDR) ratings of Australia's big four banks and their New Zealand subsidiaries from ...

Wealth manager appoints new head of advice

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... a month of significant change at ClearView. Late last week it was rated for the first time ever by credit rating issuer Fitch, picking up a long-term issuer default rating of BBB alongside a stable outlook. According to Fitch, both ClearView Wealth and ...
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