Fitch Ratings

Americans have been dealing with the rising costs of housing, groceries and transportation for years. A slew of new data suggests the formerly resilient U.S. consumer may be starting to crack.  What To Know: The latest report from Fitch Ratings showed a growing number of people are unable to keep...

The next U.S. administration "must grapple with widening budget deficits," warned Moody's Ratings in a report published Tuesday. But no matter who is elected on Nov. 5, whether it’s ex-President Donald Trump or current Vice President Kamala Harris, the situation is dire, Moody’s...

Chicago Federal Reserve President Austan Goolsbee hinted at a series of interest rate cuts over the next 12 months in a discussion at the Economic Club of Minnesota on Monday. “We have a long way to come down to get the interest rate to something like neutral,” Goolsbee said,...

Fitch Ratings reaffirmed the U.S. sovereign credit rating at ‘AA+’ with a stable outlook Thursday, citing strengths like high per capita income and the financial flexibility afforded by the U.S. dollar. The rating agency also flagged growing concerns over escalating debt and increasing...

The delinquency rate for U.S. office loans rose in June as vacancies grew due to the post-pandemic work-from-home trend and persistently high interest rates, according to a report from Fitch Ratings. The rate of delinquencies, or late payments, on loans behind commercial mortgage-backed securities...

Amid a complex economic landscape, Fitch Ratings has adjusted its outlook on China’s creditworthiness, signaling caution over the nation’s fiscal health as it grapples with post-pandemic recovery efforts. What Happened: Fitch Ratings has revised its outlook on China’s sovereign...

Grifols SA (NASDAQ:GRFS) shares were down more than 9.1% on Thursday after credit rating agencies Fitch and S&P slashed their ratings for the troubled pharmaceutical company.  What Happened: Grifols shares are among the worst performers in Spain’s blue-chip index.  Fitch cited “...

Fitch Ratings forecasts a rise in corporate defaults in the U.S. and eurozone due to stricter central bank policies. What Happened: Fitch Ratings stated on Wednesday that tougher central bank regulations will continue to impact the economy, leading to an increase in corporate defaults in 2024, as...

The U.S. economy is in good shape, but close observers of Thursday's gross domestic product report are flagging some unsettling trends. What Happened: Indeed, the latest data exceeded economist projections. The U.S. economy recorded an impressive 4.9% growth rate in the third quarter...

On the heels of upheaval in the U.S. House of Representatives, Fitch Ratings remains unwavering in its stance on the country’s credit. A potential U.S. government shutdown following the removal of U.S. Rep. Kevin McCarthy as House speaker will not impact the nation’s credit rating,...

Fitch Ratings emphasizes that the foremost concern for the global credit landscape remains centered on persistently high inflation and interest rates. The credit rating agency highlighted in its recent Risk Headquarters report that despite a recent decrease in headline inflation rates across the U....

Fitch Ratings raised alarms about the looming threat of rating reductions for numerous U.S. banks, with even giants such as JPMorgan Chase & Co. (NYSE:JPM) potentially in the crosshairs. Chris Wolfe, an analyst at Fitch, highlighted that while the agency lowered its outlook on the banking...

“Shark Tank” judge Kevin O’Leary warned of potential fallout from Fitch’s U.S. credit-rating downgrade, impacting the dollar and Treasury bills, during a show on Fox News, Business Insider reports. Fitch Ratings has downgraded the U.S.’s sovereign credit rating from...

Renowned economist Mohamed A. El-Erian expressed that he is “puzzled” over Fitch Ratings’ unexpected downgrade of the U.S. sovereign credit rating from AAA to AA+. El-Erian anticipates that many economists and market analysts will share his confusion over the timing and reasons...

Renowned investor and author of ‘Rich Dad, Poor Dad’ Robert Kiyosaki took to X, formerly known as Twitter, to comment on the recent downgrade of the U.S. credit rating by Fitch Ratings from AAA to AA+. Kiyosaki warned his followers to brace for a potential economic crash. What Happened...