The Business Times

Fitch Ratings

Property

China’s property crisis to extend into 2026, threatens banks’ asset quality: Fitch

Stimulus has averted a hard landing in the sector, preventing new developer defaults

Domestic demand will remain “solid” helped by the government’s ongoing capital spending drive and steady private consumption, Fitch said.
International

Fitch maintains its rating on India, citing strong growth

The agency forecast GDP growth of 6.5% for the fiscal year ending March 2026

The downgrade follows Fitch’s assessment that Intel faces heightened challenges maintaining demand for its products.
Companies & Markets

Intel’s credit rating downgraded by Fitch on demand challenges

FITCH downgrading US chipmaker Intel’s credit rating by one notch on Monday, according to a note by the ratings agency, which assigned a negative outlook to Intel’s rating. Fitch downgraded Intel to B...

At a sector level, Moody’s warned that “the credit effects will be significant” for European companies that export a lot to the US.
Global Enterprise

Rating firms say US tariffs alone will not trigger EU sovereign downgrades

[LONDON] The sharp increase in US trade tariffs on the European Union will not trigger immediate sovereign rating cuts, but could compound existing pressures, Fitch and other agencies said on Tuesday ...

The Italian economy expanded by 0.7 per cent in 2023, and most analysts expect a similar modest growth rate this year, slightly below the government’s official 1 per cent target.
International

Fitch revises Italy’s outlook to ‘positive’ on stronger fiscal performance

GLOBAL credit ratings agency Fitch on Friday (Oct 18) revised its outlook on Italy to ‘positive’ from ‘stable’, citing recent improvements in the fiscal performance of the eurozone’s third-largest eco...

Prior to the withdrawal, Moody's outlook on all of LMIRT’s ratings were stable, says the manager.
Companies & Markets

Moody’s, Fitch withdraw LMIRT’s credit ratings

The agencies also withdraw ratings on notes issued by LMIRT’s wholly owned subsidiary, LMIRT Capital

Moody’s has agreed to pay a US$20 million civil penalty.
Banking & Finance

US fines ratings agencies for ‘significant’ record-keeping failures

THE US market regulator charged and fined six major ratings agencies on Tuesday (Sep 3), including Moody’s, S&P and Fitch, over what it called “significant record-keeping failures”.

For pig producers, “emerging markets are significantly less vulnerable, given the stable domestic demand for pork and delayed implementation of climate policies,” Fitch said.
Global Enterprise

Pork producers face downgrades as climate risks rise, Fitch says

PORK and beef producers in developed markets are becoming more vulnerable to credit downgrades triggered by climate-related risks, according to Fitch Ratings.

Fitch maintained Israel’s outlook at “negative” and forecast the country’s debt to “remain on an upward trend beyond 2025” if higher military spending and economic uncertainties continue.
International

Fitch cuts Israel’s credit rating to ‘A’ as Middle East tensions rise

RATINGS agency Fitch downgraded Israel’s credit rating to “A” from “A+” on Monday, citing worsening geopolitical risks as the war in Gaza drags on.

LMIRT's Lippo Mall Puri in West Jakarta. The cut in Fitch's ratings came after the trust said it would proceed with a tender offer for its notes due 2026.
Companies & Markets

Fitch downgrades LMIRT to ‘C’ from ‘CCC’ on distressed debt exchange

The cut in ratings follows LMIRT’s announcement that it will proceed with a tender offer, subject to the fulfilment of certain conditions

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