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Fitch Ratings

Brazil's Unpromising New Year

Paulo Sotero | Posted 12.28.2015 | World
Paulo Sotero

A president fighting impeachment names a finance minister not trusted by markets as Brazilians, dismayed by the country's politics, prepare for more hardship in 2016.

Fitch Issues First Credit Downgrade of Rauner Era, Cites Illinois Pension Trouble

Matthew Dietrich | Posted 10.20.2015 | Chicago
Matthew Dietrich

Editor's note: This post has been updated to reflect an Illinois credit rating downgrade issued by Fitch Ratings on Monday afternoon. "With The Econo...

SEC Chair Mary Jo White's Upcoming Test

Micah Hauptman | Posted 10.18.2014 | Business
Micah Hauptman

The indications we've been given -- although no one is willing to state definitively what the final rule is likely to include -- suggest that we shouldn't get our hopes up that our chief concerns will be comprehensively or even meaningfully addressed. We hope we are reading those indications wrong.

Will Fitch Downgrade the U.S. Over Debt Ceiling Drama?

Natalie Pace | Posted 04.08.2014 | Business
Natalie Pace

When Standard and Poor's downgraded the U.S. AAA rating, on August 5, 2011, the Dow dropped 2000 points and gold soared to $1,895 an ounce. Are we at the brink of another downgrade by Fitch Ratings?

Rating Watch Negative, Credit, Credibility and Debt

Natalie Pace | Posted 03.15.2014 | Business
Natalie Pace

The four-letter word in the economy today is debt. Debt lies at the heart of the Fitch Negative Credit Watch and pretty much every other challenge that is going on in the developed world today.

Controlling Risk in a World of Risks

Dominique de Villepin | Posted 02.11.2014 | World
Dominique de Villepin

Now is the time for a new globalization, that can be either multipolar, based on fair development, stability and innovation or confrontational, based on privileges, speculation and inequities. This means making choices and changes in many sectors: let's begin with credit rating.

Rating Agencies Accused Of Fraud

Reuters | Karen Freifeld | Posted 11.11.2013 | Business

NEW YORK (Reuters) - The liquidators of two Bear Stearns hedge funds filed a lawsuit on Monday against the three major U.S. rating agencies, accusing ...

Republicans Shoot America in the Foot

Leo W. Gerard | Posted 12.21.2013 | Politics
Leo W. Gerard

Republicans can pummel their own party if they want to, but what's amazing is that 18 of them in the Senate and 144 in the House voted against restoring government services and paying America's debts.

Fitch Puts U.S. on Credit Watch Negative

Natalie Pace | Posted 12.15.2013 | Business
Natalie Pace

The downgrade of the U.S. credit, which Fitch Ratings has been warning about since January of this year, may be days away from occurring. Just moment...

Plan For Detroit Will Put City In Default: Fitch Ratings

Reuters | Posted 08.14.2013 | Detroit

June 14 (Reuters) - Credit rating agency Fitch said it would consider Detroit to be in default if it stops making payments on certain obligations as...

Mark Gongloff

DERPONOMICS: Fitch Downgrades UK Using Discredited Math

HuffingtonPost.com | Mark Gongloff | Posted 04.19.2013 | Business

Here's an example of why credit-rating agencies might have a bit of a credibility problem. On one of the most dramatic news days in recent history,...

Ben Hallman

Wall Street Ratings Agencies Hold Weak Defense Against Financial Crisis Lawsuit

HuffingtonPost.com | Ben Hallman | Posted 02.05.2013 | Business

For nearly four years, credit rating agencies like Standard & Poor's have tried to use the First Amendment as a shield against angry investors who hav...

Debt Ceiling Protection Plan

Natalie Pace | Posted 03.17.2013 | Business
Natalie Pace

On Tuesday, Jan. 15, 2013, Fitch Ratings warned that if there is another Debt Ceiling Crisis, they could lower the U.S. credit rating. The U.S. is a...

The New U.S. Visa Rush: Build A Charter School, Get A Green Card

Reuters | Posted 12.11.2012 | Education

By Stephanie Simon Oct 12 (Reuters) - It's been a turbulent period for charter schools in the United States, with financial analysts r...

Chicago Schools' Credit Rating Cut Yet Again Amid Budget Pressure In New Strike Deal

Reuters | Posted 12.02.2012 | Education

* Fitch downgrade adds to negative rating actions * Cites increased budget pressure in wake of teacher pact * Move follo...

Biggest European Country So Far To Request Bailout

Reuters | Posted 08.08.2012 | Business

(Adds Spanish spokeswoman, background) * Sources-euro zone finance ministers to hold conference call Saturday * Stateme...

Ratings Agency Hedges On Detroit Consent Agreement

Reuters | Posted 06.25.2012 | Detroit

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

Downgrading the Big Three

Jeff Greene | Posted 03.14.2012 | Business
Jeff Greene

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.

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

Posted 12.22.2011 | Business

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

Catherine New

Banks Face Crisis Of Confidence, As Europe Falls Further

HuffingtonPost.com | Catherine New | Posted 12.15.2011 | Business

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...

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

Posted 11.17.2011 | Business

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

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

Posted 01.02.2012 | Business

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 not ...

Jason Linkins

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 | Business

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...

Three Big Banks On Review For Possible Downgrade

Posted 12.13.2011 | Business

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

Report: Half Of Prime Mortgages Borrowers Will Be Underwater

Posted 10.25.2012 | Business

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...