Fitch rating agency

Fitch changes Saudi credit rating

Rating agency Fitch downgraded Saudi Arabia’s credit rating to A from A+ today, citing rising geopolitical and military tensions in the Gulf following an attack on its oil facilities and a deterioration of the kingdom’s fiscal …

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Russia's sovereign rating upgrade by Fitch

Russia's credit rating was lifted on Friday by Fitch Ratings, which cited strong fiscal policies and a commitment to inflation-targeting, Business Times reported. The sovereign rating was lifted to "BBB", the second lowest …

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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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Bakhtadze: Georgian economy now more competitive

Georgia's Prime Minister Mamuka Bakhtadze has responded to Georgia’s improved standing in the Fitch rating.  According to him, the promotion in the international rating agency means that the Georgian …

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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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