Fitch rating agency

Saudi Aramco named world's most profitable company

Saudi Aramco was the world's most profitable company in 2018 with net income of $111.1 billion, easily outstripping U.S. behemoths including Apple Inc. and Exxon Mobil Corp, Bloomberg reported with reference to Moody's Investors …

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Fitch affirms Russia at 'BBB-'

Fitch Ratings on Friday affirmed Russia’s credit rating at ‘BBB-‘ citing a strong sovereign balance sheet and robust external finances, Reuters reports. “The ‍prospect of harsher additional US sanctions …

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Fitch warns of possible downgrade to U.S. rating

Fitch warned of a possible cut to the U.S. triple-A sovereign credit rating later this year if the ongoing government shutdown leads to it hitting its debt ceiling and hampering budget setting. "If this shutdown continues to March …

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S&P and Fitch affirm Azerbaijan's ratings

S&P Global Ratings affirmed the long- and short-term foreign and local currency sovereign credit ratings on Azerbaijan at 'BB+/B'. The outlook on the long-term ratings is stable. "Our ratings on Azerbaijan are still …

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S&P and Fitch raise Russia's rating

S&P Global Ratings has raised its credit ratings for Russia to 'BBB-' from 'BB+' with a stable outlook, the company said in a statement. "Demonstrated commitment to conservative macroeconomic policies will …

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US sanctions may deter upgrade of Russia's rating

Russia's sovereign rating may be raised, however the possible expansion of US sanctions may deter the upgrade, the director in Fitch Ratings' Sovereigns group Erich Arispe said. "Of course, the decision …

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Why did Russia’s rating grow?

According to Reuters, ratings agency Fitch revised its outlook on Russia’s long-term foreign- and local-currency issuer default ratings to positive from stable. Fitch, which also affirmed Russia’s rating at “BBB-”, said …

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Fitch downgrades Saudi Arabia's rating

Fitch Ratings cut its assessment of Saudi Arabia's credit quality, citing deterioration of state finances due to low oil prices and doubts over whether Riyadh can achieve its economic reform plans. Fitch downgraded Saudi Arabia by …

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 Fitch affirms Kazakhstan at 'BBB'

Fitch Ratings has affirmed Kazakhstan's Long-Term Foreign and Local Currency Issuer Default Ratings at 'BBB' with a Stable Outlook, the agency said. The issue ratings on Kazakhstan's seni …

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Fitch revises outlook for Russia to stable

The outlook for Russia’s long-term financial risk rating has been revised from negative to stable and affirmed at ‘BBB-‘, Fitch Ratings said in a release yesterday, Sputnik reports. "A flexible exchange rate, …

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Fitch downgrades inflation forecast for Azerbaijan

The International Ratings Agency Fitch Ratings has downgraded the forecast on inflation in Azerbaijan from 14 to 11.5 percent and from 7 to 6 percent, respectively in 2016 and 2017. Fitch report says that the inflation in the country is …

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Fitch comments Tengizchevroil expansion

The International Ratings Agency Fitch Ratings expects that the Tengizchevroil (TCO) expansion will result in a lower dividend stream to the Kazakh state-owned National Company KazMunaiGas, which owns a 20% stake in TCO, over the medium term. …

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