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Tag: Fitch Ratings

Asia-Pacific Sovereigns: Asia-Pacific sovereigns navigate challenges with resilient growth in 2024: Fitch Ratings
26Dec By adminNo Comments
Business

Asia-Pacific Sovereigns: Asia-Pacific sovereigns navigate challenges with resilient growth in 2024: Fitch Ratings

NEW DELHI: Despite facing various challenges, Asia-Pacific (APAC) sovereigns are poised for resilient growth in 2024, outperforming global peers, according to Fitch Ratings' latest outlook.The sector outlook is marked as neutral, reflecting both strengths and vulnerabilities across the region.Fitch Ratings anticipates that APAC sovereigns will sustain robust growth in 2024, remaining comparatively higher than other regions.This resilience is attributed to the deceleration of growth in the US and China. The anticipated recovery in the tech cycle is expected to play a pivotal role, particularly benefiting countries like Korea, Malaysia, Taiwan, and Singapore.However, challenges loom, with high borrowing costs and modest fiscal consolidation contributing to rising debt ratios in approximatel...
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Moody’s warns US government shutdown bad for country’s credit
26Sep By adminNo Comments
Business

Moody’s warns US government shutdown bad for country’s credit

NEW YORK: A US government shutdown would harm the country's credit, rating agency Moody's said on Monday, a stern warning coming one month after Fitch downgraded the US by one notch on the back of a debt ceiling crisis.US government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide funding for the fiscal year starting October 1.A possible shutdown would be further evidence of how political polarization in Washington is weakening fiscal policymaking at a time of rising pressures on US government debt affordability because of higher interest rates, Moody's analyst William Foster told Reuters."If there is not an effective fiscal policy response to try to offset those pressures ... then the likelihood of that having an...
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