Fitch: Downgrade risk doubled in first half of 2012

clock

The number of companies, governments and other institutions facing downgrades doubled in the first half of 2012, according to Fitch Ratings.

It gave 19.8% of companies under its watch a negative outlook in the first half of this year, most of which are located in the troubled eurozone area, the Telegraph reports. Six eurozone countries had their ratings lowered by Fitch, including Spain's by five notches and Greece down four. The number of international public finance organisations at risk of a downgrade over 12 to 18 months also doubled to 48.3% from 22.4% during the first six months of the year. Financial institutions and banks fared little better, with the number on negative outlook climbing to 19.3% from 10.7%. F...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

What two pizzas tell us about Bitcoin

What two pizzas tell us about Bitcoin

Laszlo Hanyecz really needed a slice...

Laith Khalaf
clock 19 December 2024 • 6 min read
Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Bank of England MPC meeting due on Thursday

Sorin Dojan
clock 18 December 2024 • 3 min read
Trump, tariffs and why UK companies can still appeal

Trump, tariffs and why UK companies can still appeal

Is a trade war inevitable?

Sheldon MacDonald
clock 11 December 2024 • 4 min read