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Our Scans · (FS.7.05) Rating Agencies · Weekly Summary


  • [New] Fitch Ratings, a prominent international credit rating agency, has updated its financial forecasts, indicating a rise in iron ore price assumptions for the years 2024 to 2026. The Coal Trader
  • [New] International credit rating agency Fitch Ratings has announced that it has raised its iron ore price assumptions for 2024, 2025 and 2026, while also increasing its coking coal price assumptions for 2024 and 2025, though keeping its coking coal price assumptions for 2026 stable. SteelOrbis
  • [New] The ECB's supervisory assessments of banks' credit risk have some shortcomings but are generally of good quality. European Central Bank - Banking Supervision
  • The World Bank, a 189-country anti-poverty agency, expects U.S. growth to decelerate to 1.6% in 2024 as higher interest rates weaken borrowing and spending. The Washington Post
  • S&P Global Ratings offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments. S&P Global Ratings' Credit Research
  • Rating agencies are expecting the Indian economy to growth at much lower rate. Economic Times
  • Due to the ongoing war and risk of wider consequences, the US ratings agency Moody's downgraded Israel's credit rating on Friday, and also lowered its outlook for Israel's debt to negative due to the risk of an escalation with Hezbollah. Space War
  • The ratings agency lowered its outlook for Israel's debt to negative due to the risk of an escalation with the far more powerful Lebanese militant group Hezbollah that operates along its northern border. Mint
  • The rating agency expects a wider budget deficit of 2.8% of GDP in 2025, given that spending aligns with budget plans, lower oil prices and higher oil production at 10 million barrels per day). Zawya
  • There are three key reasons why US banks are outperforming: interest rates, credit risk and regulations. Goodbody.ie
  • Fitch Ratings on India's Interim Budget 2024-2025: Forecasts FY25 Fiscal Deficit at 5.4% of GDP Fitch Rating, an internatinal credit rating agency, stated that the interim Budget of 2024-2025 by the Government of India does not change the sovereign credit profile of India. AffairsCloud.com
  • The global economy risks suffering a renewed inflation shock from the war between Israel and Hamas, a leading credit rating agency has warned, amid growing concern over a sharp rise in oil prices. The Guardian
  • The credit risk of China's real estate enterprises is not sensitive to changes in house prices but is very sensitive to the credit policy of the real estate industry. Nature
  • Rating agencies Moody's and Fitch both forecast the U.S. high yield default rate to reach 5% in the next twelve months, reflecting the cost of higher interest payments at a time when slowing economic growth threatens company earnings. Ardea Investment Management
  • The major three major credit agencies - Fitch Ratings, Moody's Investor Services and S&P Global Ratings - have forecast negative to stable conditions for the year. Yahoo Finance
  • All major rating agencies think that India will secure a place in the top three economies of the world in the upcoming years. ABP Live
  • Over the weekend, Moody's Investors Service, one of the three main credit rating agencies, signaled the US Sovereign Credit Rating could be subject to a future downgrade by changing the assigned Outlook from Neutral to Negative. Forbes
  • The rating agency expects sukuk issuance to continue to decline due to lower volumes from major sovereign issuers, mainly due to the improved economic position across the Gulf Cooperation Council and Southeast Asia. Al-Monitor: Independent, trusted coverage of the Middle
  • The ratings agency on Tuesday cited risks related to structurally and persistently lower medium-term economic growth, and ongoing troubles in China's property sector. CNN
  • S&P could take a negative rating action over the next 24 months if Lloyd's cannot maintain profitability levels in line with that of its closest peers or if the ratings agency believes its capital levels will not comfortably navigate extreme stress levels. Insurance Journal

Last updated: 28 March 2024



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