Stock market today: Asia mixed after the US government's credit rating was cut Asian stock markets are mixed after Fitch Ratings cut the U.S. government’s credit rating The Independent UK · Aug 3, 2023
Here's why top economists are calling Fitch's decision to downgrade America's credit rating 'bizarre and inept' “The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance," Fitch Ratings said. Fortune · Aug 2, 2023
Fitch just downgraded the U.S. credit rating — how much does it matter? The U.S. is no longer rated at the top-notch AAA by Fitch. Here's what credit ratings are, and why they (mostly) matter. WEKU · Aug 2, 2023
The US government's debt has been downgraded. Here's what to know Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness, a move that contributed to sharply lower stock prices in Wednesday trading The Independent UK · Aug 2, 2023
Stocks Fall Sharply on U.S. Debt Rating Downgrade and Higher Bond Yields What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -1.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.98%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.21%. Stocks on Wednesday closed sharply lower, with the S&P... Barchart · Aug 2, 2023
Dollar Advances on Strength in Bond Yields and Equity Weakness The dollar index (DXY00 ) Tuesday rose by +0.28% and posted a 3-1/2 week high. The dollar on Wednesday recovered from overnight losses and moved higher due to the jump in T-note yields. Also, Wednesday’s slump in stocks boosted the liquidity demand for the dollar. The dollar Wednesday initially moved... Barchart · Aug 2, 2023
Stocks Tumble as Bond Yields Surge What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -1.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.62%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.67%. Stocks this morning are moderately lower, with the S&P... Barchart · Aug 2, 2023
Markets Today: Stocks Fall as Fitch Cuts its U.S. Debt Rating Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.61%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.88%. Stock indexes this morning are lower after Fitch Ratings’ downgrade of U.S. government debt spurred a risk-off sentiment in stocks. Stocks are also under pressure... Barchart · Aug 2, 2023
Up First briefing: Trump's 3rd indictment; U.S. loses AAA rating; heat and the brain Donald Trump is indicted on felony charges related to efforts to overturn the 2020 election. Fitch Ratings downgrades the U.S. credit rating. This is your brain on heat. WEKU · Aug 2, 2023
Fitch Downgrades US’ Long-Term Rating From “AAA” To “AA+” Former treasury secretary Larry Summers says downgrade when economy is looking stronger than expected is “bizarre and inept”. Zenger · Aug 2, 2023
Fitch downgrades US credit rating, citing mounting debt and political divisions Fitch Ratings has downgraded the U.S. credit rating, citing an expected increase in government debt over the next three years and a “steady deterioration in standards of governance” over the past two decades The Independent UK · Aug 1, 2023
Fitch Ratings Monitors Israeli Judicial Reform Amid Credit Rating Concerns The credit rating agency holds meetings with officials to assess the impact on economy and high-tech investments. Zenger · Jul 23, 2023
Thailand affirmed at BBB+, outlook stable Fitch Ratings has affirmed Thailand's long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook. Among the key ratings drivers are: Bangkok Post · Jul 14, 2023
Fitch Ratings registers interest in virtual banks Fitch Ratings believes there is significant interest and momentum in Thailand's virtual bank application process, even though the timeline has been extended. Bangkok Post · Jun 28, 2023
Bangkok Post · Jun 26, 2023 Firms to rally amid economic revival The performance of Thai corporations should gradually improve this year as the domestic economy recovers and inflationary pressures ease, according to analysts at Fitch Ratings' 2023 Thailand Corporate Credit Outlook & Asean ESG conference in Bangkok recently.
Dynamite News · Jun 22, 2023 India's GDP forecast raised to 6.3% from 6% for current fiscal year: Fitch Ratings This is primarily because of a stronger outturn in the first quarter and near-term momentum. Read further on Dynamite News:
The Hindu · Jun 22, 2023 Fitch raises India's GDP forecast to 6.3% from 6% for current fiscal year Fitch Ratings on June 22, 2023 raised its forecast for India’s economic growth to 6.3% for current fiscal year 2023-24 from 6% it had predicted previously
Bangkok Post · May 26, 2023 Asian investors hold breath amid US debt drama RECAP: Asian markets mostly rose on Friday but investors remained on edge heading into the weekend amid concern that US debt-ceiling negotiations could still break down.
Chicago Sun-Times · May 26, 2023 Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal Lawmakers are not expected back in Washington until Tuesday, two days before Treasury Secretary Janet Yellen predicts the U.S. won’t have funds to pay its bills.
Barchart · May 25, 2023 U.S. Credit Rating at Risk from Debt-Ceiling Impasse Fitch Ratings late Wednesday placed the United States ‘AAA’ long-term foreign-currency issuer default rating (IDR) on rating watch negative. Fitch said the watch negative reflects increased political partisanship that is hindering reaching a resolution to raise or suspend the debt limit despite the fast-approaching date when the U.S. Treasury exhausts...
Tribune News Service · May 25, 2023 US credit rating at risk of Fitch cut on debt-limit impasse The tension around the U.S. debt-limit negotiations ratcheted up after Fitch Ratings warned the nation’s AAA rating was under threat from a political standoff that’s preventing a deal.
Bangkok Post · May 22, 2023 Political uncertainty taking toll on bourse After losing 3% last week, the Stock Exchange of Thailand (SET) index is likely to remain on a downward trend amid lingering concerns and fiscal uncertainties after the general election, analysts say.
Bangkok Post · May 17, 2023 Fitch upbeat on post-poll outlook for bank sector Pro-growth policies and the absence of protests after the election are positive signs for Thai banks and the economy, but uncertainties remain as the winning parties try to form a coalition government, says global financial information provider Fitch Group.
The Hindu · May 10, 2023 Enforcement Directorate search at Manappuram Finance highlights corporate governance challenges in India: Fitch Ratings Fitch Ratings on May 10 said the recent search by the Enforcement Directorate at gold-backed lender Manappuram Finance highlights corporate governance challenges that can arise in emerging markets such as India.
The Times of India · May 9, 2023 Fitch affirms India's sovereign rating on robust growth outlook NEW DELHI: Fitch Ratings on Tuesday affirmed India's sovereign rating with a stable outlook saying the country has a robust growth outlook and resilient external finances.