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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

 * Brazilian Bank Capital, Ratings to Withstand Higher Dividend Payouts
 * California FY25 Budget Moves Toward Structural Balance; Outyear Gaps Remain
 * US Slowdown Looms Amid Heightened Political and Geopolitical Uncertainty
 * Philippine Banks’ Buffers Sufficient to Cushion Effects of POGO Ban
 * Ukrainian Bank Ratings Not Directly Affected by Eurobond Restructure

More


Latest Commentary


US SLOWDOWN LOOMS AMID HEIGHTENED POLITICAL AND GEOPOLITICAL UNCERTAINTY

Learn More
Tue 30 Jul, 2024


FITCH ASSIGNS DONGXING SECURITIES' USD NOTES FINAL 'BBB-' RATING

Mon 29 Jul, 2024


FITCH ASSIGNS Q ENERGY'S CHF GUARANTEED SENIOR UNSECURED BONDS A FIRST-TIME
'AA-' RATING

Mon 29 Jul, 2024


FITCH RATES COOK COUNTY, IL'S SALES TAX REVENUE BONDS 'AA'; OUTLOOK POSITIVE

Mon 29 Jul, 2024


FITCH REVISES CUENCA DPR'S SERIES LOANS OUTLOOK TO STABLE; AFFIRMS RATINGS AT
'B-'

Mon 29 Jul, 2024


FITCH UPGRADES TEAM HEALTH HOLDINGS' IDR TO 'CCC+' UPON PARTIAL RECAPITALIZATION

Mon 29 Jul, 2024


FITCH EXPECTS TO RATE CROSS 2024-H5 MORTGAGE TRUST; PRESALE ISSUED

Mon 29 Jul, 2024


FITCH UPGRADES CITY COLLEGES OF CHICAGO COMMUNITY COLLEGE DIST. NO. 508, IL'S
IDR, GO BONDS TO 'AA-'

Mon 29 Jul, 2024


FITCH UPGRADES NORTH SUMTER COUNTY UTILITY DEPENDENT DISTRICT, FL SOLID WASTE
REVS TO 'A+'

Mon 29 Jul, 2024


FITCH TAKES VARIOUS RATING ACTIONS ON U.S. ENHANCED MUNICIPAL BONDS AND TOBS

Mon 29 Jul, 2024


FITCH AFFIRMS CMPC'S IDRS AT 'BBB'; OUTLOOK STABLE

Mon 29 Jul, 2024


FITCH DOWNGRADES ONE CLASS OF JPMCC 2019-BROOK; OUTLOOKS FOR THREE CLASSES
REMAIN NEGATIVE

Mon 29 Jul, 2024


FITCH DOWNGRADES ABILENE, TX'S GO BONDS, COS AND IDR ON CRITERIA CHANGE; OUTLOOK
STABLE

Tue 30 Jul, 2024


FITCH ASSIGNS DONGXING SECURITIES' USD NOTES FINAL 'BBB-' RATING

Mon 29 Jul, 2024


FITCH ASSIGNS Q ENERGY'S CHF GUARANTEED SENIOR UNSECURED BONDS A FIRST-TIME
'AA-' RATING

Mon 29 Jul, 2024


FITCH RATES COOK COUNTY, IL'S SALES TAX REVENUE BONDS 'AA'; OUTLOOK POSITIVE

Mon 29 Jul, 2024


FITCH REVISES CUENCA DPR'S SERIES LOANS OUTLOOK TO STABLE; AFFIRMS RATINGS AT
'B-'

Mon 29 Jul, 2024


FITCH UPGRADES TEAM HEALTH HOLDINGS' IDR TO 'CCC+' UPON PARTIAL RECAPITALIZATION

Mon 29 Jul, 2024


FITCH EXPECTS TO RATE CROSS 2024-H5 MORTGAGE TRUST; PRESALE ISSUED

Mon 29 Jul, 2024


FITCH UPGRADES CITY COLLEGES OF CHICAGO COMMUNITY COLLEGE DIST. NO. 508, IL'S
IDR, GO BONDS TO 'AA-'

Mon 29 Jul, 2024


FITCH UPGRADES NORTH SUMTER COUNTY UTILITY DEPENDENT DISTRICT, FL SOLID WASTE
REVS TO 'A+'

Mon 29 Jul, 2024


FITCH TAKES VARIOUS RATING ACTIONS ON U.S. ENHANCED MUNICIPAL BONDS AND TOBS

Mon 29 Jul, 2024


FITCH AFFIRMS CMPC'S IDRS AT 'BBB'; OUTLOOK STABLE

Mon 29 Jul, 2024


FITCH DOWNGRADES ONE CLASS OF JPMCC 2019-BROOK; OUTLOOKS FOR THREE CLASSES
REMAIN NEGATIVE

Mon 29 Jul, 2024


FITCH DOWNGRADES ABILENE, TX'S GO BONDS, COS AND IDR ON CRITERIA CHANGE; OUTLOOK
STABLE


01INSIGHTS

Highlight


CHINA’S THIRD PLENUM HIGHLIGHTS EFFORTS TO STRENGTHEN FISCAL FLEXIBILITY

Non-Rating Action Commentary / Mon 29 Jul, 2024


HONG KONG BANKS’ MAINLAND CHINA EXPOSURE SHIFTS AS LOANS TO STATE-OWNED FIRMS
RISE

Special Report / Mon 29 Jul, 2024


MAINLAND CHINA EXPOSURE DATA FILE - JULY 2024

Special Report / Mon 29 Jul, 2024


BRSP 2024-FL2 - IDT

Non-Rating Action Commentary / Mon 29 Jul, 2024


IGT AND EVERI REMAIN ON RATING WATCH POSITIVE FOLLOWING ANNOUNCED APOLLO
TRANSACTION

Fitch Wire / Mon 29 Jul, 2024


BRAZILIAN BANK CAPITAL, RATINGS TO WITHSTAND HIGHER DIVIDEND PAYOUTS

Non-Rating Action Commentary / Mon 29 Jul, 2024


FITCH TO ASSIGN RATINGS TO CITY OF APPLETON (WI) (FOREMOST FARMS), $30MM SER
2010 VRDBS

Non-Rating Action Commentary / Mon 29 Jul, 2024


NEW FALLEN ANGELS OUTPACE RISING STARS FOR LATIN AMERICAN CORPORATES

Special Report / Mon 29 Jul, 2024


LATIN AMERICAN CORPORATES QUARTERLY RATING TRENDS DASHBOARD - JULY 2024

Non-Rating Action Commentary / Mon 29 Jul, 2024


ACQUISITION BY SIXTH STREET NEUTRAL TO ENSTAR’S RATINGS

Special Report / Mon 29 Jul, 2024


U.S. LEVERAGED FINANCE AND CLO WEEKLY

Fitch Wire / Mon 29 Jul, 2024


CALIFORNIA FY25 BUDGET MOVES TOWARD STRUCTURAL BALANCE; OUTYEAR GAPS REMAIN

Non-Rating Action Commentary / Mon 29 Jul, 2024


GAMING, LEISURE, LODGING AND RESTAURANT BANKRUPTCIES STILL DRIVEN BY PANDEMIC
EFFECTS



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


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



Global corporates with aggregate debt of over USD620 billion are at risk of
downgrade from the ‘A’ category into the ‘BBB’ category’ due to Negative
Outlooks or Watches, including some USD550 billion of debt issued by 16 Chinese
companies.



Learn More
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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, 31

15:00 - 16:00 London




EUROPEAN AIRLINES: IS CONSUMER STRENGTH FINALLY TURNING?

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, 08 -
SEP, 11

21:00 - 17:00 New York




APPA BUSINESS & FINANCIAL CONFERENCE

Third Party

SEP, 12

09:00 - 18:00 Porto




INVISSO/ECBC COVERED BOND CONGRESS 2024

Third Party

SEP, 18

09:00 - 11:30 Madrid




FITCH ON SPANISH BANKS 2024

Hosted

SEP, 23 -
SEP, 25

13:00 - 15:00 London




EUROPEAN TREASURY WORKSHOP WEBINAR SERIES

Webinars

OCTOBER
OCT, 21 -
OCT, 23

12:00 - 15:00 New York




ABS EAST 2024

Third Party



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