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.

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

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.

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

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

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.

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.

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.

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
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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.
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