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August 3, 2023
US Dollar Higher as Fitch Downgrades US Sovereign Debt
August 2, 2023
Fitch downgraded its US debt rating on Tuesday afternoon from the highest AAA rating to AA+, citing “a steady deterioration in standards of governance.”
August 2, 2023
Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.
August 2, 2023
The United States had its credit downgraded by Fitch Ratings from AAA to AA+ on Tuesday, two months after Congress and the White House narrowly avoided the country defaulting on its debt obligations.
January 21, 2023
Fitch Ratings downgraded the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating scale. The seven insurers’ ratings have been maintained on Rating Watch Negative (RWN). The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan […]
January 19, 2023
COLOMBO (News 1st) - Fitch Ratings has downgraded the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers following the recent - Get the latest breaking news and top stories from Sri Lanka, the latest political news, sports news, weather updates, exam results, business news, entertainment news, world news and much more from News 1st, Sri Lanka's leading news network.
January 19, 2023
Fitch Ratings – Colombo/Sydney – 18 Jan 2023: Fitch Ratings has downgraded the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating scale. The seven insurers’ ratings have been maintained on Rating Watch Negative (RWN). The recalibration is to...
January 19, 2023
Fitch Ratings said it has downgraded seven Sri Lanka insurers after the local currency sovereign rating was lowered to CC from CCC in December 2022.
June 27, 2022
Fitch Ratings has downgraded the rating of Sri Lankas Bank of Ceylons foreign currency rating to Restricted Default from CC
May 27, 2022
Fitch Ratings has downgraded Singer Finance and put four other finance companies on rating watch negative as interest rates went up and the rupee fell.