Fitch Archives -

US Credit Rating Outlook Lowered to ‘Negative’ by Moody’s as Shutdown Looms

News Articles / Brie Stimson / November 10, 2023

“In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues, Moody’s expects that the US’ fiscal deficits will remain very large, significantly weakening debt affordability.” “Continued political polarization within U.S. Congress raises the risk that successive governments will not be able to reach consensus on a […]

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The $1 Trillion of High Yield Debt That’s Piled Up in the Last 5 Years Is About to Have a ‘Day of Reckoning,’ Bank of America Says

News Articles / Jennifer Sor / August 28, 2023

“$1 trln in new leveraged credit last five years faces its day of reckoning,” Bank of America strategist Yuri Seliger said in a note on Friday. Most of that debt has been created by below-investment grade companies through high yield loans or bonds. Around $400 billion assets are considered to be in “pre-distress,” while $150

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US Debt Crisis Could Ignite long-term Gold Rally – BCA Research

News Articles / Neils Christensen / August 24, 2023

Fitch Ratings surprised markets after it downgraded U.S. long-term debt. Although markets largely shrugged off the downgrade, it has brought attention to the U.S. government’s growing deficit. In a recent report, commodity analysts at Montreal-based BCA Research said that gold remains an attractive hedge against an inevitable devaluation in the U.S. dollar as the U.S.

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Fitch Warns Multiple US Banks Face Credit Downgrade: Report

News Articles / Megan Henney / August 15, 2023

A Fitch Ratings analyst on Tuesday warned the agency may be forced to cut the credit ratings of more than a dozen banks, including some major Wall Street lenders. Another one-notch downgrade of the industry’s score, to A+ from AA-, would force Fitch to reassess ratings on each of the more than 70 U.S. banks it

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Why Fitch’s Downgrade Matters

News Articles / Greg Ip / August 9, 2023

Fitch Ratings’ decision to strip the U.S. of its triple-A credit rating last week was widely dismissed as meaningless This time, though, bond yields rose. That suggests Fitch’s action deserves our attention, not because it tells us anything new but because it joins the stack of evidence of how profoundly different, and risky, the nation’s fiscal situation

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Fitch Cuts US Credit Rating a Notch From AAA to AA+

News Articles / Davide Barbuscia / August 1, 2023

Ratings agency Fitch on Tuesday downgraded the U.S. government’s top credit rating to AA+ from AAA, citing an expected fiscal deterioration over the next three years as well as a high and growing general government debt burden. “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years,

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Silver Price May Test $30 This Year

News Articles / Vladimir Zernov / July 17, 2023

Silver gained strong upside momentum as gold/silver ratio declined from 84 to 78.50. The Fed may soon make its last rate hike in this cycle, so demand for precious metals could grow as traders prepare for future rate cuts. A combination of positive catalysts could push silver towards the $30 level. Falling gold/silver ratio, rising

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