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Fitch Ratings

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.

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

AP | By PAN PYLAS | Posted 01.10.2012 | Business

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...

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 t...

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

AP | SHAWN POGATCHNIK | Posted 02.15.2012 | Business

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...

Fitch: Only Eight Banks Are Candidates For Government Bailout

AP | Posted 12.16.2011 | Business

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...

Catherine New

Banks Face Crisis Of Confidence, As Europe Falls Further | 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 Downgrades Five Major European Banks

AP | Posted 12.15.2011 | Business

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

Tim Geithner Praises Italy's New Austerity Measures

AP | MARTIN CRUTSINGER and PAN PYLAS | Posted 02.07.2012 | Business

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

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...

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 ...

Jason Linkins

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

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...

Analysts Increasingly Gloomy About America's Economic Prospects

The Huffington Post | Alexander Eichler | Posted 10.16.2011 | Business

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

Credit Rating Agencies Not The Best At Predicting Sovereign Defaults

The Huffington Post | Alexander Eichler | Posted 10.12.2011 | Business

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

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

Posted 10.02.2011 | Business

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...

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

Robert Reich | Posted 09.25.2011 | Politics
Robert Reich

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.

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

Posted 09.25.2011 | Business

(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 ...

Peter S. Goodman

Credit Rating Agencies, Not Honest Brokers, Now Hold World's Fate | Peter S. Goodman | Posted 09.21.2011 | Business

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...

Fitch Ratings Will Decide On U.S. Ratings Outlook In August

Posted 09.19.2011 | Business

NEW YORK (Walter Brandimarte) - Fitch Ratings said on Wednesday it will decide next month whether the United States deserves to keep a stable outl...

Fitch Reiterates Possibility Of Downgrade If Debt Ceiling Isn't Raised

Posted 09.17.2011 | Business

NEW YORK (Daniel Bases and Caryn Trokie) - Fitch Ratings on Monday reiterated its view that if the U.S. debt ceiling is not raised prior to August...

Credit Rating Agencies Could Be Losing Grip On Financial Markets

Posted 09.17.2011 | Business

LONDON (Sinead Cruise and Tommy Wilkes) - Some of the world's largest asset managers are cutting ties to credit rating agencies, potentially signa...

Credit Rating Agency Expects More Chinese Companies To Be Investigated

AP | Posted 09.17.2011 | Business

HONG KONG -- Chinese companies will continue to be hit by corporate fraud accusations and investigations as the country struggles to improve corporate...

Fitch Still Sees Risk Of Greek, U.S. Debt Defaults

Posted 08.21.2011 | Business

SINGAPORE (Masayuki Kitano) - Fitch Ratings said on Tuesday that it would regard a voluntary rollover of Greece's sovereign bond maturities as a d...

Fitch Will Downgrade U.S. Rating If Treasury Notes Aren't Honored

Posted 08.08.2011 | Business

NEW YORK (Walter Brandimarte, Daniel Bases and Burton Frierson) - The United States probably wouldn't be able to maintain its prized AAA sovereign...