21 stories found
Major credit rating agencies are signaling increased scrutiny and frustration regarding the massive borrowing and cloud infrastructure spending of large technology companies, potentially affecting future debt ratings.
Gabon's President Brice Clotaire Oligui Nguema sparked debate by asking whether citizens actually benefit from sovereign credit ratings while struggling with rising living costs, highlighting tensions between international financial metrics and domestic economic realities.
Indian minister Piyush Goyal stated that global credit rating agencies Fitch, Moody’s, and S&P have been unjust in their assessment of India's economic performance and outlook.
Hungarian Finance Minister András Kármán stated that credit rating agencies have shown confidence in Hungary and its current budgetary and economic policy direction. His comments came in response to recent decisions made by these agencies.
Credit rating agencies Fitch and S&P confirmed the credit ratings for several nations, with Fitch maintaining Greece's rating at BBB+ with stable outlook. S&P also affirmed Poland's credit rating with a stable perspective, while Fitch upgraded Ghana's rating.
Credit rating agencies are expected to review Hungary's debt rating in the autumn, likely maintaining the current assessment while awaiting economic stimulus measures from the Magyar government.
The International Monetary Fund and credit rating agencies estimate that Greece's public debt reduction and economic growth will persist, even amidst external shocks such as war. They published reports affirming this positive outlook for the Greek economy.
Multiple credit rating agencies are reviewing Greece’s fiscal trajectory, citing €12.8 billion in early debt repayments and economic resilience as key factors despite broader Middle East energy challenges.
Fitch Ratings, one of the major credit rating agencies, has affirmed Serbia's long-term credit rating at BB+ with a positive outlook, placing it one level below investment grade.
SpaceX has been awarded investment-grade ratings with a stable outlook by leading credit rating agencies.
Hungary's new governing party has submitted its first legislative proposals and is rapidly assessing the country's economic state. International credit rating agencies have also begun sending their messages regarding the situation.
Republican state Attorneys General have launched an investigation into major credit rating agencies Fitch, Moody’s, and S&P concerning their environmental, social, and governance (ESG) ratings practices.
A significant freight merger, reportedly built on a $5 billion investment, has received endorsements from major credit rating agencies Moody's and S&P.
Credit rating agencies S&P, Fitch, and DBRS have issued a joint warning that the escalating conflict in the Middle East poses a significant threat of a new energy shock, which could impact inflation, growth, and businesses across Europe and Greece.
Major credit rating agencies Fitch and S&P have maintained their A+ sovereign credit ratings for France and Portugal, respectively, assigning both a stable outlook. The assessments reflect continued confidence in the fiscal management and economic stability of both European nations.
Harley-Davidson has been downgraded to a junk bond rating after announcing plans to target less affluent buyers with cheaper motorcycles. This strategic shift has not convinced credit rating agencies.
According to GKI Economic Research, Hungary needs to make significant efforts to justify the trust placed in it by credit rating agencies Moody’s, S&P, and Fitch to avoid a downgrade in the next review.
Thailand's Finance Ministry indicates that the government's interest payment burden, relative to revenue, is unlikely to exceed acceptable levels for credit rating agencies, even after borrowing 400 billion baht.
S&P Ratings, Moody's, and Fitch are being questioned by 23 states regarding their Environmental, Social, and Governance (ESG) policies.
Cenovus Energy Incorporation (CVE) has received an upgrade to its credit outlook, signaling improved financial stability and reduced risk perception by credit rating agencies. This can positively impact its borrowing costs.
TAJBank, a non-interest bank in Nigeria, has been awarded A1 ratings by leading credit rating agencies Agusto & Co. and Datapro, reflecting its strong financial health and operational stability.