The Latest Breaking News from Fitch

The debt downgrade news is likely to wear off by the end of this week.

After Friday's closing bell, Moody's followed Standard & Poor's and Fitch and cut its rating on U.S. government debt.

Long-term US borrowing costs hit 18-month high over 5%, as bond market flashes ‘warning signals’

The United States lost its last triple-A credit rating from a major agency on Friday as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity.

Credit rating agencies like S&P Global and Fitch have an outsized influence on the economic fortunes of developing countries. Their assessments shape investor perceptions, influence borrowing costs, and ultimately shape a country’s development path. With many African countries now issuing bonds in global markets amid falling levels of official development…

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Eight other water firms won’t be using customers’ funds to pay bonuses

Southern’s latest downgrade by Fitch follows a similar move by ratings agency Moody’s earlier in November.