Monday, 18 October 2021

Tag Archives: Fitch Ratings

Fitch upgrades Armenia to ‘BB-‘, outlook stable

Fitch Ratings has upgraded Armenia’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘BB-‘ from ‘B+’. The Outlook is stable. The upgrade of Armenia’s IDRs reflects the following key rating drivers and their relative weights: Armenia’s institutions have facilitated a peaceful and orderly political transition and could strengthen further through ...

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Samsung may gain from Huawei’s plight in ongoing trade war: Fitch

SOUL: Samsung may have a chance to strengthen its position in the smartphone market due to the hurt caused to Huawei Technologies in the wake of US-China trade tensions, according to Fitch Ratings. Tech companies, including Google and SoftBank Group-owned chip designer ARM, have said they will cease supplies and ...

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Namibian uranium production predicted to rise by 50pc

WINDHOEK: Uranium production in Namibia is forecast to rise by 50 percent year-on-year in 2019, more than double the rate of expansion from last year’s 20 percent level, a research firm said. Fitch Solutions Macro Research in the Africa Monitor report for southern Africa released Wednesday, said depressed uranium prices ...

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Fitch downgrades Venezuela to ‘selective default’

WASHINGTON: Fitch downgraded cash-strapped Venezuela to “restricted default” on Tuesday over its failure to make overdue payments on its sovereign bonds. “Fitch Ratings has downgraded Venezuela’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’ and affirmed the Long-Term Local Currency IDR at ‘CC’,” the ratings ...

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