Global bank ratings trend sharply negative in H1 2017 as emerging markets dominate downgrades
Global bank rating trends were sharply negative in the first half of 2017 with downgrades significantly outnumbering upgrades, says Fitch Ratings, just as it revises up its 2017 and 2018 world GDP growth forecasts to 3.0 percent (from 2.9% in June) and 3.2 percent (from 3.1%), respectively. “We changed 92 bank Issuer Default Ratings (IDRs), […]
Fitch affirms China’s A+ rating, says short-term growth prospects are favorable
Fitch Ratings on Friday maintained its A+ rating on China with a stable outlook, citing the strength of the country’s external finances and macroeconomic record. Short-term growth prospects remain favorable, and economic policies have been effective in responding to an array of domestic and external pressures in the past year, Fitch said. In a Reuters […]
Fitch downgrades Nestle issuer-default rating to AA- with stable outlook
Fitch Ratings has downgraded Nestle SA’s (Nestle) long-term issuer default ratings (IDR) and senior unsecured ratings to ‘AA-‘ from ‘AA’, and affirmed the company’s short-term IDR at ‘F1+’. However, the company’s outlook on the long-term IDR remains stable. The downgrade follows Nestle’s announcement of a CHF20 billion share buy-back programme commencing from 4 July 2017. […]
Top NFL Draft picks react to their Madden NFL 16 ratings
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