Tag: credit rating agency Fitch

Fitch Downgrades Ratings of 31 Russian Banks

March 16, 2022
Business & Economycredit rating agency Fitcheconomic policieseconomyEuropeMarketsNew Sanctions on RussiaRussia-Ukraine WarRussian banksWorld
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Rating agency Fitch has downgraded the Long-Term Foreign Currency (LTFC) Issuer Default Ratings (IDRs) of 31 Russian banks from “B” to “CC” and Short-Term IDRs from “B” to “C.” “Russian banks’ LTFC IDRs now reflect our opinion that some form of default on FC (foreign currency ) financial obligations or deposits is probable over the…

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Australian Finance Minister Confident of Keeping AAA Credit Rating

May 18, 2021
AustraliaBusinesscredit rating agency FitchEconomiesInternationalSimon BirminghamWorld
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Finance Minister Simon Birmingham is confident Australia will retain its AAA credit rating after the government last week unveiled a big spending program with the release of the 2021-22 federal budget. When asked on whether the government would be responsible for a possible downgrade of its credit rating after the release of the budget, Senator…

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