The Latest Breaking News from Fitch

Fitch upbeat on critical minerals demand

Australian lithium, copper and nickel stocks are surging after an upbeat report on world demand for the vital ingredients in green energy and electric vehicles.

AAP · Oct 6, 2022

Ghana negotiations with IMF to be fast-tracked : finance minister

Ghana's negotiations with the International Monetary Fund over a rescue package will be fast-tracked, the country's Finance Minister Ken Ofori-Atta said on Wednesday.

Reuters · Sep 28, 2022

Default 'a real possibility' for Ghana, Fitch senior director says

Sovereign debt default is "a real possibility" for Ghana as it contends with an economic crisis, a senior director from the ratings agency Fitch said on Wednesday.

Reuters · Sep 21, 2022

Edinburgh plans for Abercrombie and Fitch in former Jack Wills building on George Street

If approved, the American fashion retailer would open up at the former Jack Wills store at 65 George Street. Although Abercrombie and Fitch have a presence down south, this would be their only shop in Scotland.

Edinburgh Live · Aug 2, 2022

How costly political realities undercut Ghana's electricity reforms

Ghana reformed its electricity sector by the book but has lurched from blackouts between 2012 and 2015 to a glut of energy which costs government about 5% of GDP. Fitch ranks the energy sector as the biggest driver of national debt. How did this happen? It’s a classic case of…

The Conversation · Jul 27, 2022

High Interest Rates to Boost Profitability of Saudi Banks

Fitch Ratings predicted that higher oil prices and interest rates will enhance the profitability of Saudi banks during 2022-2023. This comes at a time when the loan-to-deposit ratio of Saudi banks is at its highest level in 15 years. Fitch said that a 200bp increase in interest rates would boost…

Asharq Al-Awsat · Jul 22, 2022

Canopy Growth - Cointreau Trademark Battle Ends, Fitch Ratings Downgrades Canopy Stock

Last year, the French alcohol maker Remy Cointreau (OTC: REMYY) sued Canopy Growth Corporation (NASDAQ: CGC) for alleged trademark infringement over its CBD-infused sparkling water brand Quatreau.

Benzinga · Jun 28, 2022

Fitch keeps Thai credit rating BBB+

Fitch Ratings has affirmed Thailand's credit rating at "BBB+" with a stable outlook, which is acceptable to the government, says government spokesman Thanakorn Wangboonkongchana.

Bangkok Post · Jun 22, 2022

Ocado aims to raise £575m from investors to fund tech arm expansion

Firm wants to ‘invest in innovation at faster pace’ and help clients as online grocery market grows

The Guardian - UK · Jun 20, 2022

Ratings Firm Moody’s to Shut Moscow Office at End of Month

Credit rating firm Moody's will formally shut its office in Russia's capital Moscow at the end of the month, sources told Reuters, with staff either being cut or relocated elsewhere. Western sanctions mean the main USand European-based rating agencies Moody's, S&P Global and Fitch have all suspended their operations in…

Asharq Al-Awsat · Jun 20, 2022