Friday, 26 November 2021

Tag Archives: Fitch

Fitch, Standard & Poor downgrade Argentina debt as default risk grows

BUENOS AIRES: Ratings agencies Fitch and Standard & Poor’s downgraded Argentina’s sovereign debt rating, flagging higher chances of a default in the wake of a shock primary election result that plunged the country into its latest economic crisis. Argentine markets were in free-fall for most of the week after Sunday’s ...

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Fitch downgrades Turkey’s sovereign debt by one notch

WASHINGTON: Ratings agency Fitch downgraded Turkey’s sovereign debt by one notch to ‘BB-‘ with a negative outlook, after President Recep Tayyip Erdogan sacked the governor of the central bank. The firing of Murat Cetinkaya last weekend for failing to follow government instructions “risks damaging already weak domestic confidence,” Fitch said ...

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