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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

 * Recent Insurer Failures Highlight Potential Value of IRRD Implementation
 * Ceasefire with Hezbollah May Limit Strains on Israel’s Credit Profile
 * Uruguay’s Orsi to Uphold Status Quo Amid Policy Progress, Challenges
 * LatAm Non-Bank Financial Institutions Have Low Short-Term Refi Risks
 * Ratings Momentum to Stabilize for Low Speculative Grade LatAm Corporates

More


Latest Commentary


DETERIORATING OUTLOOK TO PERSIST FOR BDCS HEADING INTO 2025

Learn MoreOn-Demand Webinar
Thu 28 Nov, 2024


FITCH REVISES OUTLOOK ON AZURE POWER ENERGY'S DEBT RATING TO NEGATIVE; AFFIRMS
AT 'B'

Thu 28 Nov, 2024


FITCH AFFIRMS CADES AT 'AA-'; OUTLOOK NEGATIVE

Thu 28 Nov, 2024


FITCH AFFIRMS JSC UZEX'S LONG-TERM IDR AT 'B'; OUTLOOK STABLE

Thu 28 Nov, 2024


FITCH PUBLISHES 'AAA(IDN)' RATING ON TOYOTA ASTRA FINANCIAL SERVICES' PROGRAMME
IV TRANCHE IV BONDS

Thu 28 Nov, 2024


FITCH AFFIRMS IRAQ AT 'B-'; OUTLOOK STABLE

Thu 28 Nov, 2024


FITCH ASSIGNS GENIUS AFC GENERATION 2024-4 'AAA(EXP)SF' EXPECTED RATING; OUTLOOK
STABLE

Thu 28 Nov, 2024


FITCH UPGRADES QUZHOU STATE-OWNED CAPITAL OPERATION TO 'BBB'; OUTLOOK STABLE

Thu 28 Nov, 2024


FITCH AFFIRMS FRONTIER SECURITIZATION XXXVII'S NOTES AT 'AAASF'; OUTLOOK STABLE

Wed 27 Nov, 2024


FITCH AFFIRMS BARCLAYS SECURITIES TAIWAN AT 'AA-(TWN)'; WITHDRAWS RATINGS

Wed 27 Nov, 2024


FITCH AFFIRMS MALAYSIAN REINSURANCE'S IFS AT 'A'; OUTLOOK STABLE

Wed 27 Nov, 2024


FITCH ASSIGNS FINAL RATINGS TO FIRSTMAC MORTGAGE FUNDING TRUST NO.4 SERIES
2024-5PP

Wed 27 Nov, 2024


FITCH RATES BENDIGO AND ADELAIDE BANK'S SERIES 2024-1 AND 2024-2 COVERED BONDS
'AAA'/STABLE

Thu 28 Nov, 2024


FITCH REVISES OUTLOOK ON AZURE POWER ENERGY'S DEBT RATING TO NEGATIVE; AFFIRMS
AT 'B'

Thu 28 Nov, 2024


FITCH AFFIRMS CADES AT 'AA-'; OUTLOOK NEGATIVE

Thu 28 Nov, 2024


FITCH AFFIRMS JSC UZEX'S LONG-TERM IDR AT 'B'; OUTLOOK STABLE

Thu 28 Nov, 2024


FITCH PUBLISHES 'AAA(IDN)' RATING ON TOYOTA ASTRA FINANCIAL SERVICES' PROGRAMME
IV TRANCHE IV BONDS

Thu 28 Nov, 2024


FITCH AFFIRMS IRAQ AT 'B-'; OUTLOOK STABLE

Thu 28 Nov, 2024


FITCH ASSIGNS GENIUS AFC GENERATION 2024-4 'AAA(EXP)SF' EXPECTED RATING; OUTLOOK
STABLE

Thu 28 Nov, 2024


FITCH UPGRADES QUZHOU STATE-OWNED CAPITAL OPERATION TO 'BBB'; OUTLOOK STABLE

Thu 28 Nov, 2024


FITCH AFFIRMS FRONTIER SECURITIZATION XXXVII'S NOTES AT 'AAASF'; OUTLOOK STABLE

Wed 27 Nov, 2024


FITCH AFFIRMS BARCLAYS SECURITIES TAIWAN AT 'AA-(TWN)'; WITHDRAWS RATINGS

Wed 27 Nov, 2024


FITCH AFFIRMS MALAYSIAN REINSURANCE'S IFS AT 'A'; OUTLOOK STABLE

Wed 27 Nov, 2024


FITCH ASSIGNS FINAL RATINGS TO FIRSTMAC MORTGAGE FUNDING TRUST NO.4 SERIES
2024-5PP

Wed 27 Nov, 2024


FITCH RATES BENDIGO AND ADELAIDE BANK'S SERIES 2024-1 AND 2024-2 COVERED BONDS
'AAA'/STABLE


01INSIGHTS

Highlight


PODCAST: US ELECTION IMPACT - TARIFFS, CREDIT RISKS, AND MARKET REACTIONS

Non-Rating Action Commentary / Thu 28 Nov, 2024


STATES' FISCAL POSITIONS INCREASINGLY IMPORTANT FOR AUSTRALIA’S SOVEREIGN
PROFILE

Special Report / Thu 28 Nov, 2024


AUSTRALIAN STATES’ FISCAL DYNAMICS

Special Report / Thu 28 Nov, 2024


EUROPEAN DISTRESSED AND DEFAULT MONITOR - DATA FILE

Non-Rating Action Commentary / Thu 28 Nov, 2024


SINGLE DEFAULT PUSHES HIGH YIELD RATE HIGHER; MARKET CONCERN LISTS RISE

Special Report / Thu 28 Nov, 2024


EUROPEAN DISTRESSED AND DEFAULT MONITOR – NOVEMBER 2024

Fitch Wire / Thu 28 Nov, 2024


RECENT INSURER FAILURES HIGHLIGHT POTENTIAL VALUE OF IRRD IMPLEMENTATION

Fitch Wire / Thu 28 Nov, 2024


CEASEFIRE WITH HEZBOLLAH MAY LIMIT STRAINS ON ISRAEL’S CREDIT PROFILE

Non-Rating Action Commentary / Thu 28 Nov, 2024


INDONESIAN HOMEBUILDERS’ CONTRACTED SALES TO BE STEADY IN 2025

Outlook Report / Thu 28 Nov, 2024


INDONESIAN HOMEBUILDERS OUTLOOK 2025

Non-Rating Action Commentary / Thu 28 Nov, 2024


PTT GLOBAL CHEMICAL UPSIZES DEBENTURES TO THB17 BN; RATING UNAFFECTED

Non-Rating Action Commentary / Thu 28 Nov, 2024


LIANYUNGANG PORT’S RATINGS UNAFFECTED BY SHAREHOLDER CHANGE

Non-Rating Action Commentary / Wed 27 Nov, 2024


BENIGN COMPETITION, LOWER CAPEX SUPPORTS CREDIT STRENGTH OF APAC TELCOS



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



The US Federal Reserve monetary policy-easing cycle that is about to begin will
be mild and slow compared with previous Fed rate-cutting episodes, Fitch Ratings
says in its latest Global Economic Outlook report. Services inflation in the US
is still too high to be consistent with inflation returning to target on a
sustained basis.



Learn More
VIDEO


2024 SF CONVERSATIONS – COVERED BONDS



Join our Covered Bond Analytical team, Hélène Heberlein, Managing Director, and
Cosme de Montpellier, Senior Director, as they discuss trends in EMEA covered
bonds, including rating momentum, EU directive impacts, and real estate
challenges.



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

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

JAPANESE INSURERS MAINTAIN A WELL-BALANCED APPROACH TO ESG

SF CONVERSATIONS - NORTH AMERICA STRUCTURED CREDIT

SF CONVERSATIONS - NORTH AMERICA RMBS

US STATE BUDGETS POISED FOR SLOWER GROWTH AFTER FED RATE CUTS



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

NOVEMBER
NOV, 26 -
DEC, 05

08:30 - 11:00 London




NORDIC BREAKFAST BRIEFINGS: PUBLIC FINANCE IN DENMARK, SWEDEN, FINLAND & NORWAY

Hosted

NOV, 29

10:00 - 11:00 Lagos




FITCH ON NIGERIA: TRENDS AND OUTLOOK FOR NIGERIA'S DEBT CAPITAL MARKETS

Webinars

DECEMBER
DEC, 02 -
DEC, 03

10:45 - 18:00 Sydney




AUSTRALIAN SECURITISATION FORUM 2024

Third Party

DEC, 03 -
DEC, 04

09:00 - 17:00 Baku




VIII INTERNATIONAL BANKING FORUM

Third Party

DEC, 03

11:00 - 12:00 New York




INSURANCE-LINKED SECURITIES IN FOCUS: GLOBAL DYNAMICS AND BRAZIL'S PERSPECTIVE

Webinars

DEC, 05

14:00 - 15:00 New York




US RESIDENTIAL MORTGAGE LENDERS, KEY CREDIT CONSIDERATIONS

Webinars

DEC, 09 -
DEC, 10

08:50 - 13:15 Miami




GLOBAL BANKING & MARKETS: LATIN AMERICA 2024

Third Party

DEC, 11

10:30 - 11:00 New York




LEVERAGED FINANCE IN 2025 – A MACRO OVERVIEW

Webinars

DEC, 11 -
DEC, 12

10:30 - 13:00 New York




2025 LEVERAGED FINANCE CREDIT OUTLOOK

Webinars

DEC, 11

11:00 - 12:00 Hong Kong




APAC BANKS CREDIT OUTLOOK 2025

Webinars

DEC, 11

11:00 - 12:00 New York




FREIGHT & LOGISTICS CREDIT OUTLOOK 2025

Webinars

DEC, 11

11:00 - 12:00 New York




LEVERAGED FINANCE IN 2025, AN INDUSTRY PANEL DISCUSSION

Webinars

DEC, 11

12:00 - 13:00 New York




PRIVATE CORPORATE CREDIT, WHAT TO EXPECT IN 2025

Webinars

DEC, 11

18:00 - 21:00 Jakarta




INDONESIA YEAR-END DINNER RECEPTION 2024

Hosted

DEC, 12

11:00 - 12:00 New York




US CLOS – A CREDIT AND MARKET OUTLOOK PANEL

Webinars

DEC, 12

12:00 - 13:00 New York




LEVERAGED FINANCE CREDIT FUNDAMENTALS, DEAL AND DOCUMENTATION TRENDS

Webinars

DEC, 17

15:00 - 16:00 Hong Kong




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

Webinars

JANUARY
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 Rome




CREDIT OUTLOOK 2025 ITALY

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, 23

13:30 - 19:00 London




INSURANCE INSIGHTS 2025 - LONDON

Hosted

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



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