Fitch Ratings revised its 2025 global automotive sector outlook to "deteriorating" from "neutral" on Wednesday, citing US tariffs on imported vehicles imposed on March 26. The agency warns that these tariffs are likely to trigger "production cuts and increased costs, potentially driving issuers'...
Fitch Ratings revised down its 2025 oil price assumptions on Wednesday, citing weaker global growth from trade tensions and a planned increase in OPEC+ production. The agency now expects Brent to average $65 per barrel, down from $70, and WTI to reach $60, down from $65.The updated...
Fitch Ratings said on Wednesday that, due to worsening global economic conditions, it expects significantly deeper interest rate cuts from the European Central Bank (ECB) and central banks in emerging markets. The revision comes amid an escalating trade war that has prompted Fitch to slash its 2025...
Fitch Ratings mentioned on Wednesday that while it had previously anticipated that most of the banking systems in the Asia-Pacific region would have "broadly stable operating conditions" in 2025, the introduction of tariffs shook things up."Our current Neutral outlooks for the Korean, Taiwanese and...
Fitch Ratings said on Tuesday that retribution by trade partners is a current risk for the United States corporate sectors despite the recent tariff suspension."Near-term risk of retaliation by most trading partners has receded with the 90-day pause on reciprocal tariffs, but trade tensions with...
Fitch Ratings said Thursday that Western European banks are "well placed" to handle rising uncertainty over US tariff measures. Following years of strong performance and solid asset quality, most lenders have built additional rating strength to withstand market shocks, the agency noted.Currently,...
Fitch Ratings downgraded on Wednesday the ratings of Alibaba Group Holding Ltd and Tencent Holdings Ltd. to 'A' from 'A+' after China's sovereign rating was reduced to 'A' on April 3. Tencent Music Entertainment, a subsidiary of Tencent, also saw its rating drop to 'A-' from 'A'.Fitch explained that...
Fitch Ratings has changed its outlook for six major Chinese banks from Negative to Stable on Tuesday, signaling a more optimistic view of their future performance. The revision includes five state-owned lenders and China Merchants Bank (CMB), reflecting confidence in continued government...
Fitch Ratings said in a report on Monday that the tariffs imposed by the Trump administration will weaken revenue and profitability growth for many corporate sectors in Europe. It expects the chemical, automotive and hardware sectors to be hit the hardest."While most EU-based diversified...
Fitch Ratings warned on Thursday that United States tariffs significantly increase the risk of the country entering a recession, as the newly imposed levies reached a level "last seen in 1909."Fitch insisted that US economic growth is likely to be slower than the 1.7% projected in March. "Tariff hikes...
This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.
