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Fitch Ratings

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,...

Moody's Smacks Down Credit Agency Rival

AP | Posted 04.17.2013 | Business

NEW YORK (AP) — Moody's Investors Service on Friday downgraded The McGraw-Hill Cos., citing the company's plans to sell its education business and t...

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...

Fitch's Dire Debt Ceiling Warning

AP | PAN PYLAS | Posted 03.17.2013 | Business

LONDON -- The United States could lose its top credit rating for the second time from a leading agency if there's a delay in raising the country's deb...

U.S. Could Lose Top Rating Over Fiscal Cliff Fail

AP | Posted 02.18.2013 | Business

NEW YORK — Fitch warned that the U.S. is more likely to lose its top-notch "AAA" rating if lawmakers cannot agree on how to cut the deficit and ...

You've Been Warned

AP | MARCY GORDON | Posted 01.07.2013 | Business

WASHINGTON (AP) — Fitch Ratings says President Barack Obama must pivot off his re-election victory and quickly forge an agreement with Congress to p...

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 fina...

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...

Bank Downgrades Have Big Effect On Spain Bonds

AP | ALAN CLENDENNING and HAROLD HECKLE | Posted 08.12.2012 | Business

MADRID — Spain's benchmark borrowing rate hit its highest level Tuesday since the country adopted the euro currency, after ratings agency Fitch ...

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...

The Crisis In Greece Just Keeps Getting Worse

AP | NICHOLAS PAPHITIS | Posted 07.18.2012 | Business

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

Another Blow To Greece

AP | NICHOLAS PAPHITIS | Posted 07.17.2012 | Business

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

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

AP | Posted 07.17.2012 | Business

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...

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...

Credit Rating Agency Accused Of Misrepresenting Itself

AP | MARCY GORDON | Posted 06.24.2012 | Business

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

Fitch Downgrades Spain, Italy, Other EU Nations

AP | DAVID McHUGH | Posted 03.28.2012 | Business

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

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.