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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
 * Outlook 2025
 * Private Credit
 * China
 * Inflation and Rates
 * Commercial Real Estate


FITCH WIRE

 * US Non-Bank Mortgage Cos. to Benefit from Increased Share, Lower Rates
 * Fitch Revises U.S. Equity REIT Outlook to Neutral; Subsectors Mixed
 * BoE’s Repo-Led Framework to Underpin UK Banks’ Liquidity Management
 * Expanding European Renewables Requires Enhanced Grid Capacity
 * Leveraged Loan, High-Yield Defaults Driven by Rates, Debt Maturities

More


Latest Commentary


LEVERAGED LOAN, HIGH-YIELD DEFAULTS DRIVEN BY RATES, DEBT MATURITIES

Learn More
Mon 16 Dec, 2024


FITCH AFFIRMS SQB INSURANCE'S IFS RATING AT 'BB-'; OUTLOOK STABLE

Mon 16 Dec, 2024


FITCH RATES ZHUHAI HUAFA'S PROPOSED DIGITAL BONDS 'BBB'

Fri 13 Dec, 2024


FITCH UPGRADES BELMONT, CA'S IDR TO 'AAA'; OUTLOOK STABLE

Fri 13 Dec, 2024


FITCH DOWNGRADES VIALTO PARTNERS' LONG-TERM RATINGS TO 'C'; REMOVES NEGATIVE
WATCH

Fri 13 Dec, 2024


FITCH AFFIRMS ANGOLA AT 'B-'; OUTLOOK STABLE

Fri 13 Dec, 2024


FITCH AFFIRMS TANZANIA AT 'B+'; OUTLOOK STABLE

Fri 13 Dec, 2024


FITCH UPGRADES SAN MARINO TO 'BB+'; OUTLOOK STABLE

Fri 13 Dec, 2024


FITCH RATES NYC TRANSITIONAL FINANCE AUTH $1.5B FISCAL 2025 SERIES E BONDS
'AAA'; OUTLOOK STABLE

Fri 13 Dec, 2024


FITCH AFFIRMS UNIDAS' IDRS AT 'BB-'; OUTLOOK STABLE

Fri 13 Dec, 2024


FITCH RATES NEW MOUNTAIN CLO 2 LTD RESET TRANSACTION; PUBLISHES NEW ISSUE REPORT

Fri 13 Dec, 2024


FITCH ASSIGNS FINAL RATINGS TO NEW RESIDENTIAL MORTGAGE LOAN TRUST 2024-NQM3

Fri 13 Dec, 2024


FITCH RATES FLATIRON CLO 26 LTD.; PUBLISHES NEW ISSUE REPORT

Mon 16 Dec, 2024


FITCH AFFIRMS SQB INSURANCE'S IFS RATING AT 'BB-'; OUTLOOK STABLE

Mon 16 Dec, 2024


FITCH RATES ZHUHAI HUAFA'S PROPOSED DIGITAL BONDS 'BBB'

Fri 13 Dec, 2024


FITCH UPGRADES BELMONT, CA'S IDR TO 'AAA'; OUTLOOK STABLE

Fri 13 Dec, 2024


FITCH DOWNGRADES VIALTO PARTNERS' LONG-TERM RATINGS TO 'C'; REMOVES NEGATIVE
WATCH

Fri 13 Dec, 2024


FITCH AFFIRMS ANGOLA AT 'B-'; OUTLOOK STABLE

Fri 13 Dec, 2024


FITCH AFFIRMS TANZANIA AT 'B+'; OUTLOOK STABLE

Fri 13 Dec, 2024


FITCH UPGRADES SAN MARINO TO 'BB+'; OUTLOOK STABLE

Fri 13 Dec, 2024


FITCH RATES NYC TRANSITIONAL FINANCE AUTH $1.5B FISCAL 2025 SERIES E BONDS
'AAA'; OUTLOOK STABLE

Fri 13 Dec, 2024


FITCH AFFIRMS UNIDAS' IDRS AT 'BB-'; OUTLOOK STABLE

Fri 13 Dec, 2024


FITCH RATES NEW MOUNTAIN CLO 2 LTD RESET TRANSACTION; PUBLISHES NEW ISSUE REPORT

Fri 13 Dec, 2024


FITCH ASSIGNS FINAL RATINGS TO NEW RESIDENTIAL MORTGAGE LOAN TRUST 2024-NQM3

Fri 13 Dec, 2024


FITCH RATES FLATIRON CLO 26 LTD.; PUBLISHES NEW ISSUE REPORT


01INSIGHTS

Highlight


SOUND EUROPEAN CORPORATE FUNDAMENTALS IN 2025, TO BE GRADUALLY CHALLENGED BY US
POLICIES

Non-Rating Action Commentary / Mon 16 Dec, 2024


RESILIENT CEE BANKING PERFORMANCE DRIVES NEUTRAL SECTOR OUTLOOK

Outlook Report / Mon 16 Dec, 2024


CEE BANKS OUTLOOK 2025

Special Report / Mon 16 Dec, 2024


U.S. PUBLIC FINANCE RATING ACTION REPORT 2024 YEAR TO DATE (JANUARY 1 TO
DECEMBER 13)

Non-Rating Action Commentary / Mon 16 Dec, 2024


POLICY ROLE, INVESTMENT QUALITY DRIVE CHINA PROVINCIAL INVESTMENT COMPANIES’
RATINGS

Special Report / Mon 16 Dec, 2024


CHINA PROVINCIAL STRATEGIC INVESTMENT HOLDING COMPANIES PEER REVIEW 2024

Special Report / Fri 13 Dec, 2024


NORTH AMERICAN INTEGRATED UTILITIES — RELATIVE CREDIT ANALYSIS

Non-Rating Action Commentary / Fri 13 Dec, 2024


FITCH UPDATES REPORT FOR U.S. PUBLIC FINANCE LETTER OF CREDIT SUPPORTED BONDS
AND COMMERCIAL PAPER RATING CRITERIA

Non-Rating Action Commentary / Fri 13 Dec, 2024


STRONG CREDIT METRICS SUPPORT OIL AND GAS DESPITE EMERGING RISKS

Outlook Report / Fri 13 Dec, 2024


GLOBAL OIL AND GAS OUTLOOK 2025

Non-Rating Action Commentary / Fri 13 Dec, 2024


AFFORDABILITY CHALLENGES AND LOW INVENTORY REMAIN HEADWINDS FOR HOUSING IN 2025

Non-Rating Action Commentary / Fri 13 Dec, 2024


MODEST DEMAND RECOVERY FOR NA BUILDING PRODUCTS AND MATERIALS ISSUERS IN 2025

Outlook Report / Fri 13 Dec, 2024


NORTH AMERICAN BUILDING PRODUCTS AND MATERIALS OUTLOOK 2025



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 2025


GLOBAL ECONOMIC OUTLOOK



US inflation risks are rising as consumer spending growth proves more robust
than expected, impending tariff hikes are set to push up import prices and a
slowdown in net immigration weighs on labour supply growth, Fitch Ratings says
in its latest Global Economic Outlook report.



Learn More
VIDEO


STRENGTHENING FOREX BUFFERS SUPPORTIVE FOR APAC SOVEREIGNS’ CREDIT



Forex reserves are rising across the vast majority of rated Asia-Pacific (APAC)
sovereigns in Fitch Ratings’ portfolio and, if sustained, will strengthen
external buffers, and support the credit profiles of many sovereigns across the
region.



Learn More
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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

CHINA’S JIANGSU PROVINCE AND ITS LGFVS

CHINA’S JIANGSU PROVINCE AND ITS LGFVS

ISLAMIC FINANCE TRENDS - TURKIYE DEBT CAPITAL MARKETS DASHBOARD: 3Q24

AI AND ENERGY TRANSITION ACCELERATE CAPEX GROWTH FOR SOME U.S. CORPORATES

JAPAN’S NEW POLITICAL DYNAMICS MAY CHALLENGE POSITIVE FISCAL TRENDS

CHINA’S EV DEMAND TO RISE, EU’S HIGH TARIFFS MAY HURT EXPORTS

STRENGTHENING FOREX BUFFERS SUPPORTIVE FOR APAC SOVEREIGNS’ CREDIT PROFILES

EFFECTS OF US ELECTION OUTCOME ON SOVEREIGN CREDIT PROFILES WILL VARY

INSURANCE RATING CRITERIA – ASSIGNING ISSUER DEFAULT RATINGS AND RATINGS TO DEBT
ISSUES (PART 3 OF 3)

INSURANCE RATING CRITERIA – ASSIGNING INSURER FINANCIAL STRENGTH RATINGS (PART 2
OF 3)

INSURANCE RATING CRITERIA – SCOPE AND FRAMEWORK (PART 1 OF 3)

TAX CUTS COULD ADD TO U.S. BUDGET DEFICIT PRESSURES

TIGHTER REGULATION TO CURB LIQUIDITY & ASSET RISK AT ASIA-PACIFIC NON-BANK
FINANCIERS

SF CONVERSATIONS – EMEA STRUCTURED CREDIT

SF CONVERSATIONS – EMEA CMBS

SF CONVERSATIONS – COVERED BONDS

SF CONVERSATIONS – EMEA ABS & RMBS

SF CONVERSATIONS - NORTH AMERICA CMBS

ISLAMIC FINANCE TRENDS - SAUDI ASSET MANAGEMENT INDUSTRY TRENDS 2024

TRANSITION AND DEFAULTS STUDIES

SF CONVERSATIONS - GLOBAL CROSS SECTOR



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

DECEMBER
DEC, 16

13:00 - 14:30 London




STRUCTURED FINANCE INSIGHTS: CREDIT DRIVERS & MARKET TRENDS - EUROPEAN
HOUSING AND AUTO ABS

Webinars

DEC, 16

13:00 - 14:00 New York




U.S. HEALTHCARE & INSURANCE CREDIT OUTLOOK 2025

Webinars

DEC, 17

15:00 - 16:00 Hong Kong




2025 OUTLOOK ON CHINESE AMCS, INDIAN NBFIS AND ASIAN SECURITIES COMPANIES

Webinars

DEC, 18

08:30 - 09:30 London




Q4 BANK REGULATION REVIEW AM

Webinars

DEC, 18

15:00 - 16:00 London




Q4 BANK REGULATION REVIEW PM

Webinars

JANUARY
JAN, 09

12:00 - 13:00 New York




U.S. LIFE PLAN COMMUNITIES CREDIT OUTLOOK 2025

Webinars

JAN, 09

16:00 - 17:00 Singapore




INSURANCE INSIGHTS 2025 - APAC

Webinars

JAN, 14

08:30 - 12:45 Paris




CREDIT OUTLOOK 2025 PARIS

Hosted

JAN, 16

08:30 - 14:00 London




CREDIT OUTLOOK 2025 LONDON

Hosted

JAN, 16

08:30 - 13:30 Singapore




CREDIT OUTLOOK 2025 SINGAPORE

Hosted

JAN, 21

08:30 - 15:00 Warsaw




CREDIT OUTLOOK 2025 WARSAW

Hosted

JAN, 22

08:30 - 14:00 Hong Kong




CREDIT OUTLOOK 2025 HONG KONG

Hosted

JAN, 22

12:00 - 17:30 Toronto




CREDIT OUTLOOK 2025 TORONTO

Hosted

JAN, 22

14:00 - 15:30 London




PUBLIC FINANCES AND POLICY: NAVIGATING DEBT SUSTAINABILITY IN 2025

Third Party

JAN, 23

13:30 - 19:00 London




INSURANCE INSIGHTS 2025 - LONDON

Hosted

JAN, 28

08:00 - 17:30 London




DEALCATALYST FUTURE OF FUND FINANCE: EUROPE

Third Party

JAN, 29

08:30 - 13:30 Berlin




CREDIT OUTLOOK 2025 FRANKFURT

Hosted

JAN, 29

10:30 - 11:30 Madrid




INSURANCE INSIGHTS 2025 - IBERIA

Webinars

JAN, 29

12:45 - 18:00 New York




INSURANCE INSIGHTS 2025 - NORTH AMERICA

Hosted

JAN, 30

08:30 - 12:15 Paris




INSURANCE INSIGHTS 2025 - PARIS

Hosted

FEBRUARY
FEB, 04

09:00 - 13:30 Madrid




CREDIT OUTLOOK 2025 SPAIN

Hosted

FEB, 05

09:00 - 13:00 Amsterdam




DUTCH BANKS AND MORTGAGE MARKET 2025

Hosted

FEB, 05

10:30 - 11:30 Rome




INSURANCE INSIGHTS 2025 - ITALY

Webinars

FEB, 06

10:30 - 11:30 Berlin




INSURANCE INSIGHTS 2025 - DACH

Webinars

FEB, 11

10:30 - 11:30 Amsterdam




INSURANCE INSIGHTS 2025 - NETHERLANDS

Webinars



December
January
February
March
April
May
June
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August
September
October
November
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