Fitch Ratings reported this Friday, April 26, that Peru’s credit rating remains negative (BBB) but now carries a negative outlook as well.hours after S&P reduced its evaluation of our country – although it continues with the outlook stable-. The high level of political uncertainty and the deterioration of governance have affected private investment and GDP […]
Tag: Fitch
Fitch: Petroperú rating remains negative due to lack of state support
Agency lowered the rating of the state oil company from BB+ to B+. Join the La República WhatsApp channel Price of the dollar in Peru: what is the exchange rate quote this Thursday, February 1? How much should I earn per month in 2024 so that my fifth category rent is not deducted? The Fitch […]
Fitch dismisses impact of Chile’s constitutional plebiscite, maintains rating
Fitch Ratings Inc. reaffirmed its credit rating A- for Chilidismissing concerns that this weekend’s plebiscite on a new Constitution will lead to changes in the economic model. The firm also kept its outlook stable in the rating, four days before voters go to the polls to decide the fate of a second attempt to rewrite […]
Fitch estimates losses of US$16 billion after Hurricane Otis in Mexico
The catastrophic losses caused by the Hurricane Otiswhich hit the coast of the southern state Mexican of Guerrero a week ago, are estimated at 16,000 million dollars, both economic and insured, the rating agency said this Wednesday in an analysis Fitch Ratings. The agency noted that Otis It is considered the strongest cyclone that has […]
Petroperú seeks to postpone the delivery of its financial statements
Petroperú aims to extend the date to present the audit of its 2022 financial statements, which is carried out by the company PricewaterhouseCoopers (PwC). Through an important fact published in the Superintendency of the Stock Market (SMV), the state company recognized that the banks and the Spanish Export Credit Agency (Cesce) — that is, your […]
Would it be serious if the United States lost its triple A?
An eventual loss of the triple A USAfollowing Wednesday’s warning from the rating agency fitchwould be above all symbolic, just when the possibility of a default weighs on the country, due to a political blockade. Even so, this degradation would not be unprecedented and its consequences in the world’s largest economy could be limited, since […]
Fitch Ratings maintained Peru’s rating at ‘BBB’ with a negative outlook
Fitch Ratings decided maintain the BBB rating with a negative outlook for Peru. According to the international agency, credit risks remain high amid weakening governance, political stability and growth prospects, which will be challenging for the country. “Deep-entrenched governance challenges and growing political uncertainties will continue to impede reform and policy initiatives and undermine prospects […]
Fitch downgrades Argentina’s sovereign rating, says a default is imminent
The Fitch Ratings agency lowered Argentina’s foreign currency sovereign debt rating on Friday from “CCC-” to “C”, to reflect its opinion that a debt default is imminent due to its swap plans. The decision is the result of adecree that obliges national public sector entities to carry out operations with their holdings of sovereign debt […]
EU banned three major credit rating agencies from listing Russia and its companies
Updated on 03/15/2022 10:52 am The European Commission (EC) reported that the European Union (EU) has banned major credit rating firms from listing Russia’s sovereign debt and the country’s companies as part of its latest sanctions package. “These sanctions will contribute to increasing economic pressure on the Kremlin and reducing its ability to finance the […]
Possible suspension of payments of Russian hydrocarbon companies, according to Fitch
rating agency Fitch lowered on Saturday the debt note of 28 companies Russian from raw Materials and stated that a “suspension of payments” seems possible. Fitch lowered from B to “mainly CC” the note of the important gas group Gazprom, the oil company Lukoil, the mining companies Rusal, Polyus, Evraz and 23 other companies that […]