The Fitch credit rating agency Wednesday warned about a deteriorating EU debt crisis.
Credit rating agency Fitch has warned it could downgrade its AAA rating of US government debt if policymakers cannot agree a deal to raise the debt ceiling.
This follows after credit rating agency Fitch warned last month that the UK could lose the top rating if the government does not reduce its sovereign debt.
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Fitch, a rating agency, says that despite this it will be a long time before European insurers are well capitalised again.
So much so, in fact, that Fitch, a rating agency, has raised by one notch (to BBB minus) its view of Russia's creditworthiness.
Yet Brian Coulton of Fitch, a rating agency, points out that this reflects falling German yields (as investors seek ultra-safe havens) rather than rising Italian ones.
The pressure could lead to a shake-up of the business, as smaller providers conclude that the profits on offer no longer match the legislative risks, reckons Meghan Crowe of Fitch, a rating agency.
The Iberian Peninsula faced a slew of downgrades from credit rating agencies on Thursday, after Fitch decided to cut its sovereign rating for Portugal by two notches to A- while downgraded 30 Spanish banks by one or more notches.
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Turkey received an investment-grade credit rating from Fitch Ratings last November for the first time since 1994.
Earlier this month, Fitch Ratings lowered its rating on China's local-currency government debt, warning of a credit buildup.
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These measures have received positive recognition lately, as the country was recently upgraded to investment grade by rating agency Fitch.
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Failure to reach agreement on raising the debt ceiling in a timely manner would prompt a review of our AAA credit rating, Fitch warned.
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On Tuesday, the credit rating agency Fitch said the UK deficit must be reduced more quickly than set out by the former Labour government in April, and noted that the new coalition government had acted "very quickly".
The debt rating service Fitch this morning cut its stance on Nokia to one notch above junk grade, cautioning that the outlook for the troubled phone giant remains negative as it continues to lose market share.
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In a blogpost on FT.com on Thursday, economist Heleen Mees noted that rating agency Fitch has warned it may downgrade the debt of other Dutch and European banks if a government rescue of SNS Reaal wipes out ordinary bondholders.
German Chancellor Angela Merkel again criticizing calls for the issuance of euro-bonds and a credit rating downgrade for Portugal by Fitch Ratings damaged sentiment, while Hungary was also issued with a debt-rating cut late Thursday.
It is particularly keen to tap Fitch's expertise in rating bonds that are backed by packages of consumer loans or mortgages.
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If the US and French examples are anything to go by, the loss of another top AAA rating - from Fitch - will not make a big difference to the government's borrowing costs either.
The need for that was reinforced this week by a warning from Fitch, a credit-rating agency, that Britain was the big economy most at risk of losing its prized triple-A status as a sovereign borrower.
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Fitch ratings today affirmed France AAA rating but revised its outlook to negative from stable.
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Fitch cut its long-term rating for Argentina by five notches to CC.
Fitch probably does the most unsolicited rating up to 5% of its portfolio.
Among them were Goldman Sachs, Morgan Stanley, Credit Suisse, Deutsche Bank, Barclays, and BNP Paribas. (Read Fitch Places Seven Big Banks On Rating Watch).
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Detroit came within days of default this past week because of a disagreement between the city and Michigan authorities over bailout payments a situation that spurred Fitch to cut Detroit's rating from single-B to triple-C on June 12.
Last week, the Fitch agency also cut Spain's rating, a process that can raise a country's borrowing costs.
Fitch cut Spain's sovereign credit rating by three notches Thursday.
" After the market closed, Fitch Ratings lowered its outlook on its credit rating of the U.S. government to "negative" from "stable.
Fitch Ratings cut FGIC's financial strength rating Wednesday to double-A from triple-A, and it did the same to Ambac earlier this month.
Fitch has had the UK's AAA rating on "negative" outlook since March 2012, meaning that it is warning it may cut it.
"The pressure on the US rating is increasing, " said Fitch's David Riley, adding that if there was no deal, there was a "material risk" of a downgrade.
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