Standard and Poors rating agency affirmed that the US sovereign ratings remain ‘AA+/A-1+’ and the outlook remains stable. The affirmation comes out in the midst of a banking crisis with the US having three bank failures in a week. SVB was the largest failure since Washington Mutual’s September 2008 collapse and the second largest in U.S. history. The S&P says sovereign stability is based on strong American institutions, a diversified and resilient economy, extensive monetary policy flexibility. The agency added … Continue reading “US Sovereign Rating Affirmed AA+ With Stable Outlook Stable By S&P”
Fitch Warns United States Could Lose ‘AAA’ Over Political Brinksmanship Over Debt Limit
Rating agency Fitch warned debt limit games could put US AAA rating at risk. If US debt limit were not raised or suspended in time, political brinksmanship and reduce the financing flexibility could increased risk of sovereign default United States of America at ‘AAA’
Japan Affirmed by Fitch at ‘A’ With Negative Outlook
Japan was affirmed by rating agency Fitch at ‘A’ with a negative outlook adding it expects the Bank of Japan inflation target of 2% to remain out of reach. Fitch expects growth of 2.5% in 2021 and 3.0% in 2022, as the economy recovers from a 4.6% contraction in 2020.
US Sovereign Rating Affirmed AA+ With Stable Outlook Stable By S&P
Standard and Poors rating agency affirmed that the US sovereign ratings remain ‘AA+/A-1+’ and the outlook remains stable. The US is thundering to increasingly massive debt levels since the global pandemic. The S&P says sovereign stability is based on strong American institutions, a diversified and resilient economy, extensive monetary policy flexibility. The agency added that the sovereign rating on US is also based on the nations unique status as the issuer of the world’s leading reserve currency. The S&P concluded … Continue reading “US Sovereign Rating Affirmed AA+ With Stable Outlook Stable By S&P”
Fitch Affirms United States at ‘AAA’ BUT With Negative Outlook
Rating agency Fitch reaffimed the United States of America at ‘AAA’ BUT with Outlook Negative Friday. This comes after in March it warned of high fiscal deficits and debt which were already rising even before coronavirus are starting to erode these credit strengths.
Canada Ratings Downgraded to AA+ from AAA by Fitch
Fitch Ratings has downgraded Canada’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘AA+’ from ‘AAA’ and with a Rating Outlook as Stable. Moody’s and S&P have AAA ratings for Canada.
Fitch Affirms United States at ‘AAA’ With Stable Outlook
Rating agency reaffimred the United States of America at ‘AAA’with Outlook Stable Thirsday. However warns high fiscal deficits and debt which were already rising even before coronavirus are starting to erode these credit strengths.
China Bank Capital Adequacy Ratios, 10 Domestic Systemically Important Banks say Fitch
China is likely to list at least 10 out of 30 institutions as domestic systemically important banks (D-SIBs) Fitch ratings estimates and based on the regulator’s draft consultations and could influence views over systemic importance for some banks.
Australia AAA Rating Upgraded To Stable By S&P Boosts Aussie Dollar
Australia’s AAA sovereign rating was affirmed by S&P Global Ratings and the outlook was revised up to ‘stable’ from ‘negative’. The Australian dollar strengthened against most major counterparts on Friday. S&P expects the federal budget balance to return to surplus by the early 2020s.
Moody’s Puts Italy Debt On Review For Downgrade
Following more uncertainty in Italy since the recent election Moody’s Investors Service late Friday placed Italy’s debt rating on review for a downgrade. Italy’s League calls for anti Euro Paola Savona to be finance minister underscoring “significant risk of a material weakening” in Italian fiscal strength