www.fitchratings.com Open in urlscan Pro
2600:9000:235a:800:9:b352:9f80:93a1  Public Scan

Submitted URL: https://your.fitchsolutions.com/rs/732-CKH-7=
Effective URL: https://www.fitchratings.com/
Submission: On July 23 via api from AE — Scanned from DE

Form analysis 0 forms found in the DOM

Text Content

 * People
 * Product
 * Insights

English
中文简体
中文繁體
日本語
Português
Español
Polski
Pусский

Contact Us
Subscribe


CONTENTS

 * 00Back to Top
 * 01Insights
 * 02Videos
 * 03Podcasts
 * 04Events


RESOURCES

 * Latest Rating Actions
 * Latest Research
 * Criteria
 * Rating Performance
 * Education Hub


TRENDING TOPICS

 * Geopolitics and Elections
 * Private Credit
 * China
 * Inflation and Rates
 * Commercial Real Estate


FITCH WIRE

 * (Re)Insurers Could Withstand Preliminary Loss Estimates from CrowdStrike
   Chaos
 * APAC Corporate Leverage Forecast to Stay Highest Across Regions
 * US Post-Election Policy Changes May Affect Some EMEA Corporate Sectors
 * Outages Put Systemic IT Providers Under the Spotlight
 * Brazil (Re)Insurer LRS Vehicles May Support Capital, Portfolio
   Diversification

More


Latest Commentary


US POST-ELECTION POLICY CHANGES MAY AFFECT SOME EMEA CORPORATE SECTORS

Learn More
Tue 23 Jul, 2024


FITCH AFFIRMS TITAN CEMENT INTERNATIONAL S.A. AT 'BB+'; OUTLOOK STABLE

Tue 23 Jul, 2024


FITCH AFFIRMS SHAOXING CITY INVESTMENT GROUP AT 'BBB+'; OUTLOOK STABLE

Tue 23 Jul, 2024


FITCH AFFIRMS KIWIBANK AT 'AA'; OUTLOOK STABLE

Tue 23 Jul, 2024


FITCH DOWNGRADES NEW ZEALAND'S TSB BANK TO 'BBB+'; OUTLOOK STABLE

Tue 23 Jul, 2024


FITCH UPGRADES NEW ZEALAND'S CO-OPERATIVE BANK TO 'BBB+'; OUTLOOK STABLE

Tue 23 Jul, 2024


FITCH AFFIRMS NEW ZEALAND'S SOUTHLAND BUILDING SOCIETY AT 'BBB'; OUTLOOK STABLE

Mon 22 Jul, 2024


FITCH AFFIRMS HENRICO COUNTY, VA'S GO AT 'AAA' & EDA REVS AT 'AA+'; OUTLOOK
STABLE

Mon 22 Jul, 2024


FITCH RATES U.S. SOCCER BONDS AT 'BBB(EXP)'; OUTLOOK STABLE

Mon 22 Jul, 2024


FITCH RATES ATLANTA, GA AIRPORT'S SR. REVS 'AA-'; AFFIRMS SENIOR AND HYBRID SUB
REVS AT 'AA-'

Mon 22 Jul, 2024


FITCH RATES AIMCO CLO 17, LTD. RESET TRANSACTION; PUBLISHES NEW ISSUE REPORT

Mon 22 Jul, 2024


FITCH DOWNGRADES MSBAM 2015-C25 AND MSCI 2015-UBS8; AFFIRMS BACM 2015-UBS7 AND
MSBAM 2015-C23

Mon 22 Jul, 2024


FITCH AFFIRMS NORWALK, CT'S GO BONDS AND IDR AT 'AAA'; OUTLOOK STABLE

Tue 23 Jul, 2024


FITCH AFFIRMS TITAN CEMENT INTERNATIONAL S.A. AT 'BB+'; OUTLOOK STABLE

Tue 23 Jul, 2024


FITCH AFFIRMS SHAOXING CITY INVESTMENT GROUP AT 'BBB+'; OUTLOOK STABLE

Tue 23 Jul, 2024


FITCH AFFIRMS KIWIBANK AT 'AA'; OUTLOOK STABLE

Tue 23 Jul, 2024


FITCH DOWNGRADES NEW ZEALAND'S TSB BANK TO 'BBB+'; OUTLOOK STABLE

Tue 23 Jul, 2024


FITCH UPGRADES NEW ZEALAND'S CO-OPERATIVE BANK TO 'BBB+'; OUTLOOK STABLE

Tue 23 Jul, 2024


FITCH AFFIRMS NEW ZEALAND'S SOUTHLAND BUILDING SOCIETY AT 'BBB'; OUTLOOK STABLE

Mon 22 Jul, 2024


FITCH AFFIRMS HENRICO COUNTY, VA'S GO AT 'AAA' & EDA REVS AT 'AA+'; OUTLOOK
STABLE

Mon 22 Jul, 2024


FITCH RATES U.S. SOCCER BONDS AT 'BBB(EXP)'; OUTLOOK STABLE

Mon 22 Jul, 2024


FITCH RATES ATLANTA, GA AIRPORT'S SR. REVS 'AA-'; AFFIRMS SENIOR AND HYBRID SUB
REVS AT 'AA-'

Mon 22 Jul, 2024


FITCH RATES AIMCO CLO 17, LTD. RESET TRANSACTION; PUBLISHES NEW ISSUE REPORT

Mon 22 Jul, 2024


FITCH DOWNGRADES MSBAM 2015-C25 AND MSCI 2015-UBS8; AFFIRMS BACM 2015-UBS7 AND
MSBAM 2015-C23

Mon 22 Jul, 2024


FITCH AFFIRMS NORWALK, CT'S GO BONDS AND IDR AT 'AAA'; OUTLOOK STABLE


01INSIGHTS

Highlight


OUTAGES PUT SYSTEMIC IT PROVIDERS UNDER THE SPOTLIGHT

Non-Rating Action Commentary / Tue 23 Jul, 2024


FITCH PLANS TO WITHDRAW RATINGS OF QINGDAO HAIFA STATE-OWNED CAPITAL INVESTMENT

Non-Rating Action Commentary / Mon 22 Jul, 2024


WOODSIDE’S ACQUISITION OF TELLURIAN CREDIT NEUTRAL

Non-Rating Action Commentary / Mon 22 Jul, 2024


KOREAN INSURERS' EARNINGS TO BE SOUND, BUT INVESTMENT RETURNS TO BE MORE
VOLATILE

Special Report / Mon 22 Jul, 2024


KOREAN INSURERS: UNDERSTANDING ASSET RISKS

Special Report / Mon 22 Jul, 2024


FREMF 2024-K756 AND FREDDIE MAC SPC K-756 -- IDT

Non-Rating Action Commentary / Mon 22 Jul, 2024


FITCH RATINGS UPDATES CMBS LARGE LOAN RATING CRITERIA

Special Report / Mon 22 Jul, 2024


FEEDBACK REPORT: U.S. SINGLE-BORROWER C-PACE RATING CRITERIA

Special Report / Mon 22 Jul, 2024


U.S. MIDTIER REGIONAL BANK PEER REVIEW 2024

Non-Rating Action Commentary / Mon 22 Jul, 2024


FITCH RATINGS UPDATES CHILE EQUITY RATING METHODOLOGY

Fitch Wire / Mon 22 Jul, 2024


(RE)INSURERS COULD WITHSTAND PRELIMINARY LOSS ESTIMATES FROM CROWDSTRIKE CHAOS

Fitch Wire / Mon 22 Jul, 2024


APAC CORPORATE LEVERAGE FORECAST TO STAY HIGHEST ACROSS REGIONS

Special Report / Mon 22 Jul, 2024


U.S. LEVERAGED FINANCE AND CLO WEEKLY



More Insights
Our approach


RATING CRITERIA

Learn More



Rating Criteria explains our forward-looking ratings approach. Criteria reports
identify rating drivers and assumptions, and highlight the scope and limitations
of our analysis. Master Criteria describe the basic foundation for our ratings
within a sector. Cross-Sector Criteria explain Fitch’s approach to topics that
relate to multiple areas or audiences. Sector-Specific Criteria describe Fitch’s
analytical approach for individual sectors, and address specific credit factors.



Our Approach


RATINGS PROCESS

Learn More



Fitch Ratings provides forward-looking credit opinions, as indicated by its
ratings, that reflect its expectations of credit behavior over a range of
scenarios. The rating process begins when an arranger, issuer, sponsor, or
underwriter contacts a member of Fitch’s Business Relationship Management (BRM)
group with a request to engage Fitch. Fitch may also initiate unsolicited rating
coverage where sufficient public information is available to provide insight to
subscribers and the public debt market.



Outlook 2024


GLOBAL ECONOMIC OUTLOOK



Fitch Ratings has raised its forecasts for world growth in 2024 in its latest
Global Economic Outlook as confidence in European recovery prospects improve,
China’s export sector revives and domestic demand in emerging markets excluding
China (EM excl. China) shows stronger momentum.



Learn More
VIDEO


LARGE DEFICITS TO KEEP US DEBT BURDEN RISING AFTER NOVEMBER'S ELECTION



Large primary deficits and higher interest service costs will keep the U.S.
sovereign debt burden increasing after the elections, regardless of who wins.
Government debt trends and governance will continue to shape the sovereign’s
rating trajectory.



Learn More
Video Player is loading.
Play Video
Play
Mute

Current Time 0:00
/
Duration 1:27
Loaded: 11.31%


0:00
Stream Type LIVE
Seek to live, currently behind liveLIVE
Remaining Time -1:27
 
1x
Playback Rate

Chapters
 * Chapters

Descriptions
 * descriptions off, selected

Captions
 * captions settings, opens captions settings dialog
 * captions off, selected

Audio Track
 * en (Main), selected

Picture-in-PictureFullscreen

This is a modal window.



Beginning of dialog window. Escape will cancel and close the window.

TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque
Font Size50%75%100%125%150%175%200%300%400%Text Edge
StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional
Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall
Caps
Reset restore all settings to the default valuesDone
Close Modal Dialog

End of dialog window.

Close Modal Dialog

This is a modal window. This modal can be closed by pressing the Escape key or
activating the close button.


Get Onboard


JOIN OUR TALENT COMMUNITY



Our people are credit experts, experienced professionals, and global citizens
who collaborate in offices in over 30 countries, to help our clients and
communities.



Careers


02VIDEOS

FRENCH ELECTION PROLONGS POLITICAL UNCERTAINTY; DEBT TO CONTINUE RISING

FRENCH ELECTION PROLONGS POLITICAL UNCERTAINTY; DEBT TO CONTINUE RISING

ISLAMIC FINANCE TRENDS - GCC DEBT CAPITAL MARKET TRENDS 2024

MAJOR ISSUERS RESILIENT AGAINST CYBERATTACKS AMID EVOLVING AI-DRIVEN THREATS

MAJOR JAPANESE SECURITIES FIRMS' EARNINGS RISE, BUT DEPEND ON MARKET CHANGES

2024 GLOBAL HOUSING AND MORTGAGE OUTLOOK MID-YEAR UPDATE

TAIWAN BANKS’ PROFITABILITY TO REMAIN STABLE, DESPITE RRR HIKE

CHINESE CAR MAKERS TO BOOST OVERSEAS INVESTMENTS AS TRADE BARRIERS RISE

VAST DEBT FROM ‘A’ CATEGORY GLOBAL CORPORATES AT RISK OF DOWNGRADE

LARGE DEFICITS TO KEEP U.S. DEBT BURDEN RISING AFTER NOVEMBER’S ELECTIONS

EASING ASSET QUALITY, LIQUIDITY PRESSURES TO SUSTAIN VIETNAM BANKS'
PROFITABILITY

ISLAMIC FINANCE TRENDS - ESG SUKUK MARKET OUTLOOK 1Q2024

SOLID DEMAND, HOME PRICE GROWTH WILL CONTINUE TO BOOST US HOUSING ECONOMY

INDIA’S ELECTIONS BRING BROAD POLICY CONTINUITY BUT GREATER REFORM CHALLENGES

JAPANESE LIFE INSURERS' CAPITALISATION AND EARNINGS TO REMAIN ROBUST IN FYE25

FITCH RATINGS – THE RATING AGENCY OF CHOICE

CHINA FISCAL OUTLOOK

INDIA’S CENTRAL BANK DIVIDEND PROVIDES NEAR-TERM SUPPORT TO FISCAL PERFORMANCE

APAC CORPORATES: A DECADE OF FALLEN ANGELS

RATE CYCLE TURNING IN DEVELOPED EUROPE; RENEWED RATE UNCERTAINTY IN THE US

HIGHER GENERATION CAPACITY, GAS PLANTS TO HELP MEET INDIA’S HIGH SUMMER POWER
DEMAND



More Videos


INSIDE CREDIT



Inside Credit features the latest credit market research, with our weekly recap
of noteworthy content across all sectors and regions.



Newsletter Sign Up


03PODCASTS

More Podcasts
Fitch Learning


FINANCIAL TRAINING COURSES



Courses cover corporate credit, bank and insurance company analysis, corporate
finance, risk, and more.



View upcoming courses


04EVENTS


EVENTS

Event Type
 * All Events
 * Hosted
 * Third Party
 * Webinars

Sort
 * Upcoming Events
 * Past Events

Filter
 * Sector
 * Region

JULY
JUL, 20 -
JUL, 23

09:00 - 17:00 Chicago




NACUBO

Third Party

JUL, 21 -
JUL, 24

09:00 - 22:00 Chicago




NASBO ANNUAL CONFERENCE

Third Party

JUL, 24

11:00 - 12:00 New York




FITCH ON SOVEREIGNS: MEXICO RATINGS REVIEW

Webinars

AUGUST
AUG, 20

08:45 - 13:00 Saigon




FITCH ON VIETNAM 2024

Hosted

SEPTEMBER
SEP, 02

09:00 - 16:00 London




IFN UK FORUM 2024

Third Party

SEP, 04 -
SEP, 05

08:00 - 13:00 Hong Kong




FITCH IS A SPONSOR: INVISSO'S ABS ASIA 2024

Third Party

SEP, 05

14:30 - 15:30 London




GLOBAL REINSURANCE OUTLOOK 2025: FROM PEAKS TO (HIGH) PLATEAUS

Webinars

SEP, 07 -
SEP, 11

14:30 - 12:00 Monaco




RENDEZ-VOUS DE SEPTEMBRE 2024

Third Party

SEP, 08

08:45 - 10:00 Monaco




MONTE CARLO: GLOBAL REINSURANCE OUTLOOK 2025: FROM PEAKS TO (HIGH) PLATEAUS

Hosted

SEP, 18

09:00 - 11:30 Madrid




FITCH ON SPANISH BANKS 2024

Hosted

OCTOBER
OCT, 21 -
OCT, 23

12:00 - 15:00 New York




ABS EAST 2024

Third Party



July
August
September
October
November
December
January
February
March
April
May
June
region
 * Africa
 * Asia-Pacific
 * Central Asia, Caucasus and Eastern Europe
 * Europe
 * Latin America
 * Middle East
 * North America
 * Afghanistan
 * Albania
 * Algeria
 * American Samoa
 * Andorra
 * Angola
 * Anguilla
 * Antarctica
 * Antigua & Barbuda
 * Argentina
 * Armenia
 * Aruba
 * Australia
 * Austria
 * Azerbaijan
 * Bahamas
 * Bahrain
 * Bangladesh
 * Barbados
 * Belarus
 * Belgium
 * Belize
 * Benin
 * Bermuda
 * Bhutan
 * Bolivia
 * Bosnia and Herzegovina
 * Botswana
 * Bouvet Island
 * Brazil
 * British Indian Ocean Territory
 * Brunei
 * Bulgaria
 * Burkina Faso
 * Burundi
 * Cambodia
 * Cameroon
 * Canada
 * Cape Verde
 * Cayman Islands
 * Central African Republic
 * Central America
 * Chad
 * Channel Islands
 * Chile
 * China
 * Christmas Island
 * Cocos (Keeling) Islands
 * Colombia
 * Comoros
 * Congo, Democratic Republic
 * Congo, Republic of the
 * Cook Islands
 * Costa Rica
 * Cote D'Ivoire
 * Croatia
 * Cuba
 * Curacao
 * Cyprus
 * Czech Republic
 * Denmark
 * Djibouti
 * Dominica
 * Dominican Republic
 * Ecuador
 * Egypt
 * El Salvador
 * Equatorial Guinea
 * Eritrea
 * Estonia
 * Eswatini
 * Ethiopia
 * Falkland Islands
 * Faroe Islands
 * Fiji
 * Finland
 * France
 * France, Metro
 * French Guiana
 * French Polynesia
 * French Southern Territories
 * Gabon
 * Gambia
 * Georgia
 * Germany
 * Ghana
 * Gibraltar
 * Greece
 * Greenland
 * Grenada
 * Guadeloupe
 * Guam
 * Guatemala
 * Guernsey
 * Guinea
 * Guinea-Bissau
 * Guyana
 * Haiti
 * Heard & McDonald Islands
 * Honduras
 * Hong Kong, China
 * Hungary
 * Iceland
 * India
 * Indonesia
 * Iran
 * Iraq
 * Ireland
 * Isle of Man
 * Israel
 * Italy
 * Jamaica
 * Japan
 * Jersey
 * Jordan
 * Kazakhstan
 * Kenya
 * Kiribati
 * Kosovo
 * Kuwait
 * Kyrgyzstan
 * Laos
 * Latvia
 * Lebanon
 * Lesotho
 * Liberia
 * Libya
 * Liechtenstein
 * Lithuania
 * Luxembourg
 * Macao, China
 * Madagascar
 * Malawi
 * Malaysia
 * Maldives
 * Mali
 * Malta
 * Marshall Islands
 * Martinique
 * Mauritania
 * Mauritius
 * Mayotte
 * Mexico
 * Micronesia
 * Moldova
 * Monaco
 * Mongolia
 * Montenegro
 * Montserrat
 * Morocco
 * Mozambique
 * Myanmar
 * Namibia
 * Nauru
 * Nepal
 * Netherlands
 * Netherlands Antilles
 * New Caledonia
 * New Zealand
 * Nicaragua
 * Niger
 * Nigeria
 * Niue
 * Norfolk Island
 * North Korea
 * North Macedonia
 * Northern Mariana Islands
 * Norway
 * Oman
 * Pakistan
 * Palau
 * Panama
 * Papua New Guinea
 * Paraguay
 * Peru
 * Philippines
 * Pitcairn
 * Poland
 * Portugal
 * Puerto Rico
 * Qatar
 * Reunion
 * Romania
 * Russia
 * Rwanda
 * Saint Martin (French Part)
 * Samoa
 * San Marino
 * Sandwich Islands
 * Sao Tome & Principe
 * Saudi Arabia
 * Senegal
 * Serbia
 * Seychelles
 * Sierra Leone
 * Singapore
 * Sint Maarten (Dutch Part)
 * Slovakia
 * Slovenia
 * Solomon Islands
 * Somalia
 * South Africa
 * South Korea
 * South Sudan
 * Spain
 * Sri Lanka
 * St. Helena
 * St. Kitts & Nevis
 * St. Lucia
 * St. Pierre & Miquelon
 * St. Vincent & The Grenadines
 * Sudan
 * Suriname
 * Svalbard & Jan Mayen
 * Sweden
 * Switzerland
 * Syria
 * Taiwan, China
 * Tajikistan
 * Tanzania
 * Thailand
 * Timor-Leste
 * Togo
 * Tokelau
 * Tonga
 * Trinidad and Tobago
 * Tunisia
 * Turkiye
 * Turkmenistan
 * Turks & Caicos Islands
 * Tuvalu
 * Uganda
 * Ukraine
 * United Arab Emirates
 * United Kingdom
 * United States
 * United States Minor Outlying Islands
 * Uruguay
 * Uzbekistan
 * Vanuatu
 * Vatican
 * Venezuela
 * Vietnam
 * Virgin Islands (British)
 * Virgin Islands (U.S.)
 * Wallis & Futuna Islands
 * West Bank and Gaza
 * Western Sahara
 * Yemen
 * Zambia
 * Zimbabwe



ResetSubmit



ABOUT

 * About UsContactCareersFeedbackMedia Relations

REGULATORY

 * Regulatory AffairsCriteriaCode of Conduct & EthicsPrivacy
   PolicyWhistleblowing Policy and Reporting

PRODUCT

 * Rating ActionsCoverageResearch & AnalyticsRating Products & ToolsRating
   PerformanceNewsletters

REGION

 * EuropeNorth AmericaAfricaAsiaLatin AmericaMiddle East

SECTORS

 * EconomicsBanksInsuranceSovereignsCorporatesStructured FinanceNon-Bank
   Financial InstitutionsPublic Finance - InternationalPublic Finance - United
   StatesInfrastructure & Project Finance

FITCH GROUP

 * Fitch GroupFitch RatingsFitch SolutionsFitch BohuaFitch Learning

Copyright © 2024 Fitch Ratings, Inc., Fitch Solutions, Inc. and their
subsidiaries. Policies | Manage CookiesBuild v4.7.63
 * 
 * 


We use cookies to deliver our online services, to understand how they are used
and for advertising purposes. Details of the cookies we use and instructions on
how to disable them are set out in our Privacy Policy.
DeclineAcceptOptions