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Fitch Ratings
China Focus
Bankruptcies in China likely to rise but government won’t tolerate job losses: Fitch
SINGAPORE (Aug 10): Tighter financial regulations in China are taking effect and bankruptcies are on the rise as local authorities are becoming more accepting of them, says Fitch Ratings.
August 10, 2017
Noble Group disposes stakes in warehousing services subsidiaries as Fitch cuts ratings to junk status
SINGAPORE (June 26): Noble Group has disposed of its entire 100% stakes in three wholly-owned subsidiaries that carry out non-ferrous metals warehousing services to WWS International Holdings, an affiliate of Golden Dragon Resources, for a total considera
June 26, 2017
Thailand's bad loan ratio is worse than China's
(June 21): Non-performing loans at Thailand’s banks are set to peak toward the end of 2017, according to Fitch Ratings, an outlook that may salve investor sentiment in one of Asia’s worst-performing stock markets this year.
June 21, 2017
Noble Group dealt fresh blow as Fitch cuts its ratings yet again
SINGAPORE/HONG KONG (May 26): Noble Group Ltd. received a fresh blow as Fitch Ratings Ltd. cut the embattled commodity trader’s rating for a second time in the space of 10 days, flagging concern over its ability to address about US$2 billion ($2.8 billi
May 26, 2017
Indonesia finally wins full investment grade status from S&P
SINGAPORE (May 22): Indonesia’s long wait to achieve full investment grade rank is finally over. As of 19 May 2017, Standard & Poor’s Global Ratings (S&P) has raised the long-term sovereign credit rating of Indonesia to “BBB-” (investment grade) f
May 22, 2017
Singapore economy
‘Unnatural’ real interest rates demand Fed tightening: Fitch
SINGAPORE (April 19): Borrowers should brace themselves for a significant shift in the global interest rate environment in the next few years.
April 19, 2017
Fitch downgrades Singapore telco outlook to ‘negative’ on rising competition
SINGAPORE/SYDNEY (April 5): Aggressive bidding in Singapore's April 2017 spectrum auction is a clear indication of rising telecom competition, says Fitch Ratings.
April 05, 2017
Global Markets
US tariffs couldn't come at a worse time for India's largest paper maker
MUMBAI/HONG KONG (March 24): Creditors of India’s largest paper maker Ballarpur Industries Ltd. may face costly unintended consequences from punitive US duties on some of the company’s Asian competitors.
March 24, 2017
Singapore banks' ‘AA–‘ and stable outlooks intact, says Fitch
SINGAPORE (Feb 21): Singapore’s local banks of ‘AA–‘ credit ratings and Stable Outlooks will continue to be supported by their adequate profitability, disciplined funding and liquidity and strong capitalisation, despite weaker asset quality, says
February 21, 2017
Broker's Calls
Stand pat on gaming sector amid improving hand
SINGAPORE (Jan 31): UOB Kay Hian has downgraded the gaming sector to “market weight” after its recent share price run-up on the back of positive newsflow.
January 31, 2017