Fitch Ratings

The Crisis In Greece Just Keeps Getting Worse

AP | NICHOLAS PAPHITIS | Posted 05.18.2012

Read More: European Debt Crisis, Fitch Ratings, Greece Crisis, Video, Fitch-Downgrade, Fitch-Downgrades-Greece, Fitch Downgrades Greek Banks, Business News, Greek Debt Crisis, Business News

ATHENS, Greece — Germany's chancellor apparently waded into Greece's choppy political waters on Friday, when Athens said Angela Merkel suggested...

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Another Blow To Greece

AP | NICHOLAS PAPHITIS | Posted 05.17.2012

Read More: Euro Currency, European Debt Crisis, Fitch Ratings, Video, Greece Downgrade, Greece, European Union, Fitch Downgrade Greece, Greece Financial Crisis, Europe, Business News

ATHENS, Greece — Fitch ratings agency downgraded debt-crippled Greece deeper into junk territory on Thursday, warning of a "probable" Greek exit...

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Fitch: World's Biggest Banks May Need To Raise Billions To Comply With New Rules

AP | Posted 05.17.2012

Read More: Fitch Ratings, Goldman Sachs, JPMorgan Chase, Basel Iii Rules, Video, Fitch Ratings Worlds Biggest Banks, Bank of America, Business News, Basel III, Worlds Biggest Banks, Business News

WASHINGTON — Fitch Ratings said Thursday that the world's 29 biggest banks together may have to raise $566 billion by the end of 2018 to meet ne...

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Ratings Agency Hedges On Detroit Consent Agreement

Reuters | Posted 04.26.2012

Read More: Fitch Ratings, Fitch Ratings Detroit, Video, Detroit Bond Rating, Reuters, Fitch Detroit Rating, Detroit Fiscal Stability Agreement, Detroit Debt, Detroit Consent Agreement, Detroit Politics, Detroit News

(Adds details, background) April 25 (Reuters) - An agreement between Detroit and state of Michigan officials provides "a strong framew...

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Credit Rating Agency Accused Of Misrepresenting Itself

AP | MARCY GORDON | Posted 04.24.2012

Read More: Fitch Ratings, Video, Moody's Investors Service, Sean Egan, Standard & Poor's, Sec, Federal Regulators, Corporate, Securities and Exchange Commission, Egan-Jones Ratings Co., Business News

WASHINGTON — Federal regulators are accusing a prominent corporate and government credit rating agency and its president of making false stateme...

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Fitch Downgrades Spain, Italy, Other EU Nations

AP | DAVID McHUGH | Posted 03.28.2012

Read More: European Debt Crisis, Fitch Ratings, Video, Eurozone Crisis, Business News, European Union, Fitch Downgrades, European Union Credit Ratings, Euro Crisis, Business News

FRANKFURT, Germany — Fitch Ratings downgraded the debt of Italy, Spain and three other countries that use the euro on Friday, a possible setback...

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Downgrading the Big Three

Jeff Greene | Posted 03.14.2012

Read More: Fitch Ratings, Credit Downgrade, Economy, Stock Market, Economic Crisis, Standard & Poor's, U.S. Credit Downgrade, Housing Bubble, Moody's, Business News

Standard and Poor's, Moody's, and Fitch -- also known as The Big Three -- lost much of their credibility as they failed to act as reliable brokers of information and played a big part in creating the economic crisis that began in 2007. In effect, the market has downgraded them.

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Fitch Calls Italy The 'Front Line' Of Europe's Debt Crisis

AP | By PAN PYLAS | Posted 01.10.2012

Read More: Fitch Ratings, Mario Monti, European Debt Crisis, Credit Ratings, Video, Eurozone, Silvio Berlusconi, Credit Rating Agencies, Standard & Poor's, U.S. Credit Downgrade, European Central Bank, Business News

LONDON -- A number of euro countries, including Italy, could see their credit ratings downgraded by the end of this month as they struggle to cope wit...

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Credit Agency Warns Debt Could Lead To U.S. Downgrade

Posted 12.22.2011

Read More: Fitch Ratings, Video, Moody's Investors Service, Congress, Social Security, Debt Reduction, Deficit-Reduction, Federal Debt, Credit Rating Agencies, Standard & Poor's, Credit Rating, AAA Rating, U.S. Credit Downgrade, Business News

NEW YORK (Daniel Bases) - Fitch Ratings on Wednesday warned again that the United States' rising debt burden was not consistent with maintaining t...

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LIVE UPDATES: After Resolution, A Flood Of Bad News Out Of Europe

AP | SHAWN POGATCHNIK | Posted 02.15.2012

Read More: Fitch Ratings, European Debt Crisis, Bloxham Stockbrokers, Bank of Spain, Video, Irish Congress of Trade Unions, Eurozone, Gdp, Bailout, Gnp, Greek Bonds, European Union, Standard & Poor's, Ireland, AAA Rating, Business News

DUBLIN — Alarming financial news flowed out of Europe in a torrent Friday, just a week after the EU leaders struck a deal they thought would con...

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Fitch: Only Eight Banks Are Candidates For Government Bailout

AP | Posted 12.16.2011

Read More: Fitch Ratings, Systematically-Important-Financial-Institutions, Video, Bank Bailout, Ratings-Downgrades, Big Banks, Fitch Ratings u.s. Government, u.s. Government Bailout, Business News

NEW YORK -- Fitch Ratings says U.S. government financial support for banks is declining and argues that future bailouts will likely be restricted to j...

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Banks Face Crisis Of Confidence, As Europe Falls Further

HuffingtonPost.com | Catherine New | Posted 12.15.2011

Read More: Fitch Ratings, U.S. Banks, Goldman Sachs, Eurozone, European Banks, Credit Downgrade, Banks, Europe, Euro Crisis, Euro, Business News

The crisis in Europe showed no sign of letting up on Wednesday, and analysts and observers warned of the potential for a sharp financial downturn over...

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Fitch Downgrades Five Major European Banks

AP | Posted 12.15.2011

Read More: Fitch Ratings, European Debt Crisis, Rabobank Group, OP Pohjola Group, Video, Banque Federative Du Credit Mutuel, Credit Rating Agencies, Credit Downgrades, Danske Bank, Credit Agricole, Business News

LONDON -- Fitch Ratings on Wednesday downgraded the debt ratings for five major European commercial banks and cooperative banking groups, citing the e...

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Tim Geithner Praises Italy's New Austerity Measures

AP | MARTIN CRUTSINGER and PAN PYLAS | Posted 02.07.2012

Read More: Fitch Ratings, White House, Video, Eurozone, Silvio Berlusconi, Italian Premier Mario Monti, U.S. Ratings Agency, Italy, Treasury Secretary Timothy Geithner, Austerity Measures, Eu, Business News

MILAN — The austerity plan devised by Italy's new government won wide-ranging support Thursday, with both U.S. Treasury Secretary Timothy Geithn...

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Fitch Concerned By Exposure Of U.S. Banks To European Debt Crisis

Posted 11.17.2011

Read More: U.S. Banks, European Debt Crisis, Fitch Ratings, Fitch Banks Europe, Video, Eurozone Crisis, u.s. Banks European Banks, Bank-News, Business News, Euro Crisis, Business News

Fitch Ratings warned that it may reduce its "stable" rating outlook for U.S. banks with large capital markets businesses because of contagion from...

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Moody's: Super Committee Failure Would Not Lead To Automatic Downgrade

Posted 01.02.2012

Read More: Fitch Ratings, Moody's Investors Service, Congress, Video, Super Committee, 2012 Presidential Election, Standard & Poor's, Credit Rating Agencies, Budget Deficit, Congressional Budget Office, Spending Caps, Business News

NEW YORK (Walter Brandimarte) - Failure by a U.S. congressional committee to agree on $1.5 trillion in budget deficit cuts would be negative, but ...

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If EU Bans Ratings Agencies From Evaluating Bailout Countries, Who Will Investors Turn To For Terrible Advice?

HuffingtonPost.com | Jason Linkins | Posted 12.20.2011

Read More: Eat the Press, Fitch Ratings, Ratings Ban, EU Ratings Ban, Credit Rating Agencies, Standard & Poor's, Eu, Credit Rating, Moody's, Business News

The Wall Street Journal reports today that the EU is "leaning toward proposing a ban on the issuing of sovereign credit ratings for countries in bailo...

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Three Big Banks On Review For Possible Downgrade

Posted 12.13.2011

Read More: Fitch Ratings, Goldman Sachs, Video, Morgan Stanley, Wall Street News, Goldman Sachs Downgrade, Business News, Bank of America, Banking News, Downgrade, Big Banks, Business News

Fitch Ratings placed Bank of America Corp , Morgan Stanley and Goldman Sachs Group Inc on review for possible downgrades on Thursday. The ratin...

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Report: Half Of Prime Mortgages Borrowers Will Be Underwater

Posted 12.07.2011

Read More: Mortgage Crisis, Business News, Fitch Ratings, Housing Market, Video, Underwater Mortgages Fitch Report, Underwater Homeowners, Housing Crisis, Underwater Mortgages, Business News

Half of borrowers with prime loans -- or loans made to borrowers with good credit and income -- will likely end up underwater anyway, according to a r...

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Analysts Increasingly Gloomy About America's Economic Prospects

The Huffington Post | Alexander Eichler | Posted 10.16.2011

Read More: Fitch Ratings, Moody's Analytics, Stock Market, Wells Fargo, Standard & Poor's, Economic Recovery, Economic Growth, Credit Rating, U.S. Credit Rating, Moody's, Business News

Forecasters are increasingly reining in their expectations for the United States' economic performance, suggesting that the country will face many mor...

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Credit Rating Agencies Not The Best At Predicting Sovereign Defaults

The Huffington Post | Alexander Eichler | Posted 10.12.2011

Read More: Fitch Ratings, National Default, Credit Downgrade, Default, Debt Default, Subprime Mortgage Crisis, Financial Crisis, Standard & Poor's, Credit Rating Agencies, Credit Rating, U.S. Credit Downgrade, U.S. Default, Moody's, Business News

Markets plunged this week after Standard & Poor’s downgraded the United States’ sovereign credit rating. But if history is any guide, the pronounc...

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Fitch: U.S. Will Retain Its Top Credit Rating

Posted 10.02.2011

Read More: Fitch Ratings, Ratings Agency, Debt Ceiling, John Boehner, Debt Limit, US Debt, 112th Congress, Timothy Geithner, Credit Rating, Aaa, Barack Obama, Video, Business News

NEW YORK (Daniel Basses) - Fitch Ratings said on Tuesday the agreement to raise the borrowing capacity of the United States means the risk of a so...

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The Biggest Driver in the Deficit Battle: Standard & Poor's

Robert Reich | Posted 09.25.2011

Read More: Fitch Ratings, Debt Ceiling, Standard & Poor's, Deficit, U.S. Credit Rating, U.S. Economy, Moody's, Politics News

If Standard & Poor's had been doing the job it was supposed to be doing between 2000 and 2008, the federal budget wouldn't be in a crisis -- and S&P wouldn't be threatening the U.S. with a downgrade if we didn't come up with a credible plan for lopping $4 trillion off it.

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Economists Say U.S. Credit Rating Will Be Downgraded: Poll

Posted 09.25.2011

Read More: Fitch Ratings, Goldman Sachs, Congress, Credit Downgrade, Debt Ceiling, Great Recession, Janney Capital Markets, Aaa Credit Rating, Jobless, Standard & Poor's, Gross Domestic Product, Moody's, Business News

(Pedro da Costa and Andy Bruce) - The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to ...

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Credit Rating Agencies, Not Honest Brokers, Now Hold World's Fate

HuffingtonPost.com | Peter S. Goodman | Posted 09.21.2011

Read More: Fitch Ratings, Global Finance, Deficit, Moody's Investors Service, Debt Ceiling, Wall Street, Standard and Poor's, Creditworthiness, Credit Rating Agencies, Greece Default, S&P, Greece Bailout, Business News

If global finance were anything like the rest of life, no one would be paying much mind to the credit rating agencies, who have been revealed to opera...

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