Fitch Ratings predicts a slowdown in global economic growth due to factors including Iran, while the EBRD has lowered its growth forecast for Moldova. Despite the revised outlooks, Moldova's economic growth projection remains optimistic.
Abercrombie & Fitch and Bath & Body Works both reported stronger-than-expected quarterly earnings, with Abercrombie & Fitch posting its 14th consecutive quarter of sales growth. These results indicate that American consumers are continuing to spend, particularly on 'affordable luxury' items.
Fitch Ratings has provided a positive assessment of Việt Nam’s economic fundamentals, highlighting the country's strong economic performance and outlook.
Fitch Ratings has affirmed Access Bank's 'B' rating, stating that the bank possesses sufficient foreign currency liquidity to meet its upcoming $1 billion debt obligations.
An analysis by international financial rating agency Fitch Ratings indicates that Romania has reduced its deficit, with fiscal measures adopted in 2025 showing results, but warns that the next challenge is fiscal continuity.
Rating agency Fitch Ratings anticipates that the Ghanaian government might extend temporary measures designed to protect consumers from increasing petroleum prices.
Credit ratings agency Fitch has confirmed Cyprus' long-term A- rating with a positive outlook, citing strong fiscal results, ongoing debt deleveraging, favorable growth prospects, and its EU and Eurozone membership as key drivers.
A Fitch Ratings report indicates that Cyprus possesses significant fiscal capacity among EU countries to address a potential new energy crisis, particularly one linked to a war in Iran.
Fitch Ratings has upgraded Argentina's credit score from CCC+ to B-, citing a stronger fiscal and external position. However, the agency also flagged ongoing inflation risks for the country.
Republican state Attorneys General have launched an investigation into major credit rating agencies Fitch, Moody’s, and S&P concerning their environmental, social, and governance (ESG) ratings practices.
A new peer credit analysis by Fitch indicates that Morocco's seven largest banks are strengthening, positioning them for significant growth opportunities from the 2030 FIFA World Cup and infrastructure investments, despite the impact of the Iran War.
"The decisive victory of Rumen Radev's 'Progressive Bulgaria' should improve political stability in Bulgaria and strengthen the country's ability to be governed." This is the only...
Fitch Ratings has issued a negative outlook for the Philippine economy, prompting questions about President Marcos's response to the economic prognosis.
Fitch Ratings suggests that Chinese battery cell manufacturers are set to gain from the US-Israeli war in Iran due to reshaped energy storage demand, despite existing market challenges.
Fitch Ratings has affirmed the UAE's strong sovereign position, noting the broader economic resilience across the Gulf Cooperation Council (GCC) region.
Fitch Ratings has cut the credit rating of FS KKR Capital to junk territory, citing a weakening in the company's asset quality. This downgrade reflects concerns over the firm's financial health and investment portfolio performance.
FitchSolutions unit has commented that the Malaysian government's decision to further adjust the BUDI95 allocation is a sensible fiscal move. However, they warn that these adjustments are not without potential fallout risks for the economy.
Standard & Poor's and Fitch have reaffirmed North Macedonia's credit ratings, citing stable economic policies and fiscal indicators. This is part of a standard review process under European regulations.
Economies in the UAE, Qatar, and Cyprus demonstrate resilience and adapt to regional conflicts, with reports highlighting strong credit ratings, property market growth, and banks offering flexible payment plans despite ongoing tensions.
The UK is hosting military talks with dozens of countries to secure the Strait of Hormuz, a critical shipping route, as President Trump demands greater international participation in the Iran conflict. India has joined these UK-led talks, emphasizing the importance of unimpeded transit through the strategic waterway. This comes amidst broader diplomatic discussions, including Macron's criticism of Trump regarding NATO and the Strait of Hormuz, and Italy's proposal for a humanitarian corridor.
Professor Jesper Rangvid warns that rising interest rates could trigger a new financial crisis due to billions in questionable shadow loans, with non-cash-generating private-credit loans now rising to a 14-year peak, as confirmed by Fitch, while private lenders delay reckoning with payment concessions on stressed debt.
Lawyers for former Abercrombie & Fitch CEO Mike Jeffries are arguing he is unfit for trial, citing new evidence from prison phone call recordings and claiming he suffers from dementia and late-onset Alzheimer's disease.
Israel's military has intercepted a missile launched from Yemen, marking the first such interception since the war began, while at least 12 US troops were reportedly injured in an Iranian attack on the Prince Sultan Air Base in Saudi Arabia.
Despite arguments from his lawyers that he is unfit, a prison doctor informed a judge that Michael Jeffries, the former CEO of Abercrombie & Fitch, is fit to stand trial for sex trafficking charges.
A Wall Street analyst has indicated that Abercrombie & Fitch stock could surge to $108, citing a favorable risk/reward profile that investors should not ignore.
Fitch Ratings indicates that sustained higher oil prices are expected to increase credit pressure across various sectors, with potential impacts on Issuer Default Ratings influenced by factors like government support.
Defense attorneys for former Abercrombie & Fitch CEO Mike Jeffries are set to argue this week that he has dementia and could "blurt out" during his sex trafficking trial, following his not guilty plea to charges in 2024.
Fitch Ratings has identified MGM Resorts' substantial scale and diversified operations as key positive factors in its latest assessment of the company.
Rabat – Rising geopolitical tensions in the Middle East could drive up the cost of several fertilizer inputs in the coming years, according to new projections from Fitch Ratings. The agency warns that nitrogen-based fertilizers face the strongest pressure, while phosphate fertilizers, closely linked to Morocco’s production, may remain relatively stable. In a recent market […]
The post Morocco’s Phosphate Sector Holds Steady Despite Global Fertilizer Market Pressure appeared first on Morocco ...
Fitch Ratings has affirmed Italy's credit rating at BBB+ with a stable outlook, while the Italian statistics agency Istat reported a 0.6% decline in industrial production in January, indicating a slowdown in GDP growth.
Fitch projects crude oil prices to average $70 per barrel in 2026, but warns of a significant global supply shock if prices rise to and remain at $100 per barrel.
Credit rating agency Fitch predicts Portugal will face a 0.8% GDP deficit this year, primarily attributed to one-off expenditures related to storm recovery efforts.
Global credit rating agency, Fitch, warned yesterday that merging market economies could face heightened economic and financial pressures as a result of the ongoing conflict involving Iran.
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Fitch Ratings warns the US-Iran conflict could create severe economic and financial pressures for emerging markets through energy prices and capital flows.
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Abercrombie & Fitch announced an increase in its fiscal year sales, however, the company's profit was negatively impacted by a rise in operational costs.
The Fitch agency confirmed Croatia's 'A-' rating on Friday, with a stable outlook, highlighting strong economic growth and fiscal discipline, but also a small economy, vulnerable to shocks, and weaker...
Fitch Ratings has maintained Portugal's credit rating and improved its outlook, citing a significant drop in public debt relative to GDP, despite an anticipated deficit due to storm-related expenses.
Μία παρατεταμένη διακοπή της ναυσιπλοΐας στα Στενά του Ορμούζ αποτελεί εφιάλτη για τις αγορές ενέργειας, με τους αναλυτές να προειδοποιούν για ενεργειακή κρίση ανάλογη με εκείνη του 2022.
Filmmakers Anna Fitch and Banker White spent 16 years working on their documentary Yo (Love Is a Rebellious Bird), a portrait of Fitch’s unforgettable friend Yolando Shea – the “Yo” of the title.
Fitch Ratings has affirmed the ratings for the Southern Gas Corridor and seven infrastructure firms across the EMEA region, indicating stable creditworthiness.
Greece is preparing for a series of credit rating updates from S&P, Moody’s, Fitch, DBRS, and Scope, with assessments scheduled to begin in March and conclude in May, coinciding with the release of final 2025 budget data.
Fitch has downgraded CSN's International Default Ratings (IDRs) to 'B' and maintained a negative outlook, reflecting concerns about the company's financial health.
Fitch Ratings has outlined a new economic outlook, highlighting the significant impact of an 'oil shock' on global growth. The report suggests that a 'US war in Iran' has triggered this shock, imposing a heavy cost on the global economy, particularly Europe.
The full earnings call transcript for Abercrombie & Fitch's first quarter of fiscal year 2026 has been released, providing details on the company's financial performance and outlook.
Abercrombie & Fitch reported an earnings beat, causing its shares to jump 13%. However, the company noted a 10% decline in sales in Europe, Middle East, and Africa, largely attributed to the ongoing conflict in the Middle East.
Fitch Ratings has issued a report suggesting that Bangladesh's capacity to repay its debts may decline, raising concerns about the country's financial outlook.
Ghana's gold mining sector is strengthening the nation's economic growth and external position, leading to calls for Ghanaians to appraise their interests in the industry.
Credit rating agencies Fitch and S&P confirmed the credit ratings for several nations, with Fitch maintaining Greece's rating at BBB+ with stable outlook. S&P also affirmed Poland's credit rating with a stable perspective, while Fitch upgraded Ghana's rating.
Amid uncertainty from the Middle East situation, Fitch is set to release its verdict on the Greek economy, outlining the timeline for public debt reduction to 100% and a return to 'normality'.
Romanian official Alexandru Nazare has issued a warning about the country's economic stability during its current political crisis. He emphasized the need to avoid any budget slippage, especially after discussions with Fitch, stating that Romania cannot afford an economic interim period.
Fitch Ratings has indicated that the United States' sovereign credit rating is under pressure due to ongoing challenges related to its deficit and national debt.
Fitch Ratings stated that Indonesia would not face an immediate credit downgrade even if its deficit exceeds 3% of GDP due to the economic impact of the Iran war. The agency is monitoring the situation but sees no immediate threat to Indonesia's rating.
Fitch Ratings revised its outlook for the Philippines to negative, prompting the Philippine Palace to clarify that this does not signal an immediate credit rating downgrade.
Serbian Finance Minister Siniša Mali announced that Fitch Ratings expressed satisfaction with the economic measures undertaken by Serbia. This statement highlights the positive assessment of the country's financial policies by the credit rating agency.
Hungary is experiencing significant political shifts as Viktor Orbán's long-standing power faces challenges, particularly from the emerging figure of Peter Magyar. These developments are prompting European leaders to reassess expectations for Hungary's government and its relationship with the EU, including potential access to EU funds.
Fitch has kept Pakistan's credit rating at 'B-', citing its role in a ceasefire to offset external pressures, as the country repaid $3.5 billion in UAE debt.
Moody's is reportedly considering a downgrade of France's credit rating, a decision that would follow S&P and Fitch, influenced by an oil shock and elevated interest rates.
A court has ruled that Abercrombie & Fitch must proceed with a deceptive pricing complaint against the company. This legal development means the retailer will have to address allegations regarding its pricing practices.
Fitch Solutions predicts that Ghana's current account stability will alleviate pressure on the cedi, forecasting the currency to end the year at GH¢11.40 to a dollar. Strong export receipts are expected to bolster external stability despite souring investor sentiment.
Recordings of prison phone calls have raised questions regarding the fitness for trial of former Abercrombie & Fitch boss Mike Jeffries, whose lawyers argue he is suffering from dementia and late-onset Alzheimer's disease.
According to Fitch, Bulgaria maintains stability during turbulent times, but the country is experiencing an increase in inflation and a growing deficit.
Moody's is expected to release a new credit rating for Italy on Friday, following recent decisions by other agencies, including S&P confirming Italy's "BBB+" rating with a positive outlook and Fitch maintaining its "BBB+" rating with a stable outlook.
Lawyers for former Abercrombie & Fitch CEO Michael Jeffries claim he is incompetent ahead of his October sex trafficking trial, with prison tape recordings reportedly showing him saying doctors "better find me incompetent."
Fitch Solutions has revised Ghana's GDP growth forecast to 5.5%, citing the Middle East conflict's impact on oil prices and inflation, despite the country's external and fiscal positions remaining largely insulated.
Fitch Ratings has affirmed Ghana's long-term instruments at 'B-' and assigned a Recovery Rating of 'RR4', indicating an average recovery prospect in a default scenario.
A conflict between Polish President Karol Nawrocki and the government is negatively affecting Poland's public finances, with Fitch rating agency indicating that the political dispute limits the state's ability to manage the economy and fiscal consolidation.
Fitch Ratings has assessed that President Karol Nawrocki's blocking of government actions increases the risk of political impasse, potentially limiting the implementation of reforms in Poland. Finance Minister Andrzej Domański also commented on the consequences of the president's decisions.
Fitch Ratings has issued a warning that Hungary faces difficult economic decisions in the period following its elections, as reported by the Budapest Business Journal.
“We expect US consumption to slow in 2026 as labour market weakness weighs on household income, but the US fiscal deficit is widening again. We forecast US 2026 GDP [Gross Domestic Product] growth at 2.2%, revised up from 2% in our January forecast update, and unchanged from last year”, Fitch said.
Credit rating agencies S&P, Fitch, and DBRS have issued a joint warning that the escalating conflict in the Middle East poses a significant threat of a new energy shock, which could impact inflation, growth, and businesses across Europe and Greece.
Fitch Ratings highlights the Greek economy's strong fiscal performance and resilient growth, but notes structural challenges and new external risks, particularly from the war in Iran, while also identifying protective measures.
Fitch Ratings has affirmed Croatia's 'A-' credit rating with a stable outlook, citing strong economic growth and fiscal discipline, while also noting the country's small economy, vulnerability to shocks, and weaker price competitiveness.
Fitch Ratings has maintained France's credit rating, choosing to wait before a new revision of French debt quality, despite the instability caused by the ongoing conflict in Iran.
Afreximbank has ended its relationship with Fitch Ratings, leading to discussions about African multilateral ratings and the implications of South Africa's full membership in Afreximbank.
The Athens Stock Exchange continues to experience volatility, with buyers struggling to sustain upward momentum despite positive corporate results from 2025.
Greece is preparing for its first round of credit rating assessments for the year from S&P, Moody's, Fitch, DBRS, and Scope, with evaluations scheduled between March and May.
The upcoming week is expected to bring significant economic events, including data on retail sales and unemployment in Poland, a Fitch rating assessment for the country, and developments from the European Union.
A review of 'Yo (Love Is a Rebellious Bird),' a documentary by Anna Fitch, which uses various artistic methods to honor her free-spirited friend, Yolanda 'Yo' Shea.
Abercrombie & Fitch reported mixed first-quarter results, with non-GAAP EPS beating estimates but revenue missing expectations. The company forecasted future EPS and operating margin, and announced plans for $450 million in share buybacks.
Several companies, including HP, Capri, Abercrombie & Fitch Co., and PDD Holdings, have announced their upcoming quarterly earnings reports. Investors are anticipating their Q1 and Q2 results.
Indonesian President Prabowo announced a fiscal deficit target of 1.8% to 2.4% of GDP for 2027, amidst increased scrutiny of the country's economy and recent credit rating outlook cuts by Moody's and Fitch.
A report on Bangladesh's economic outlook for 2026 advises the government to seriously consider warnings issued by Fitch Ratings regarding the country's financial stability.
Global credit ratings agency Fitch Ratings affirmed South Korea's AA- sovereign rating with a stable outlook, highlighting the country's strong external finances, resilient exports, and stable macroeconomic performance despite geopolitical risks.
Fitch forecasts that Ghana's central bank will halt its policy rate easing cycle, while real Gross Domestic Product (GDP) growth is expected to remain strong, averaging 5% through 2027.
Greece is outlining a roadmap to reduce its public debt to 100% of GDP and return to normal levels. This comes as Fitch Ratings prepares to release its assessment of the Greek economy amid heightened uncertainty from the Middle East.
Fitch Ratings has commended Greece for implementing targeted support measures to assist households and businesses grappling with increased energy costs. The rating agency highlighted Greece as unique among countries for these specific interventions.
Fitch Ratings has affirmed Jordan’s credit rating at ‘BB-’ with a stable outlook. The rating reflects the country's economic stability and financial prospects.
Fitch Solutions has slightly lowered Ghana's 2026 growth projection from 5.9% to 5.5%, citing stronger-than-expected price pressures and the US-Iran conflict as factors softening the outlook for consumer spending.
Fitch Solutions has published an analysis examining Greece's resilience to a potential energy shock. The report also outlines three different scenarios for Europe in the face of such an event.
Several European countries received updated credit ratings and outlooks from agencies like S&P, Fitch, and Scope. While Slovakia's rating was downgraded due to slow consolidation, Lithuania saw an upgrade, and Finland's outlook shifted to negative, with other nations like Greece and Italy maintaining their current ratings.
Abercrombie & Fitch is holding a limited-time sale, offering 15% off its collection of vintage-inspired band tees, featuring artists from Selena Gomez to the Red Hot Chili Peppers. The shirts are made of 100% cotton and come in an oversized fit.
Fitch Ratings has downgraded the Philippines' economic outlook from stable to negative, citing increased risks to growth primarily due to the impact of energy shocks. The revision reflects concerns over the country's economic resilience amidst global challenges.
Clinical trials for GLP-1 medications indicate an improvement in mood among users, challenging the notion of an "Ozempic personality," according to Dr. Angela Fitch.
Fitch Ratings has maintained Pakistan's credit rating at B-, noting that the country's potential role in a US-Iran ceasefire could help ease external financial pressures.
Fitch has reported that Ghana's oil trade position is approaching net neutrality in the near term, while also noting that African banks could be affected by a prolonged Iran War scenario.
Fitch Ratings assesses Ghana's energy security as stable, with the country less exposed to global oil disruptions due to the resumption of operations at the Tema Oil Refinery.
Fitch Ratings has affirmed North Macedonia's credit rating at 'BB+', citing credible macroeconomic policies, a long-standing fixed exchange rate, and favorable governance indicators. This rating confirms the country's sustainable economic stability.
UBS analysts suggest that clothing retailers like Abercrombie & Fitch, Gap, and TJX are potentially ahead of their competitors in integrating artificial intelligence. The retail industry is actively exploring applications for AI, and these companies appear to be making significant progress.
Fitch Solutions states that Ghana's economy will remain relatively insulated from the US-Iran conflict's fallout. As Africa’s largest gold exporter, Ghana is expected to receive substantial dollar inflows, ensuring external stability.
Professor Jesper Rangvid warns that rising interest rates could trigger a new financial crisis due to billions in questionable shadow loans, with non-cash-generating private-credit loans now rising to a 14-year peak, as confirmed by Fitch, and DZ Bank also warning of a 'chain reaction' risk to the US economy, with the Middle East war also seen as a potential trigger for an outbreak of the brewing private credit crisis.
New Zealand's economy is facing a collision of factors including a Fitch warning, global war jitters, and weak GDP, contributing to economic uncertainty.
Concerns about global fertilizer supply disruptions due to ongoing war have led to rising corn prices, with a new report from Fitch's BMI indicating insufficient buffers, though the U.S. is somewhat insulated by North American trade.
The ongoing Iran war continues to pose significant risks to global oil supply and market stability, with President Trump attempting to stabilize prices. Analysts are now warning that the Trump-led Iran war could lead to a 'triple whammy' for the Federal Reserve, potentially causing the stock market to pay a heavy price.
The latest Forbes list of the world's wealthiest individuals includes 21 to 24 Greek billionaires, with one Greek national ranking 94th globally, highlighting the significant presence of Greek shipping magnates.
Fitch does not anticipate a reversal in the upward trend of housing prices in Portugal, predicting a further 15% increase this year due to limited supply and strong demand from both Portuguese and foreign buyers.
Η κλιμάκωση του πολέμου στη Μέση Ανατολή απειλεί να πυροδοτήσει ένα νέο ενεργειακό σοκ με επιπτώσεις στον πληθωρισμό, την ανάπτυξη και τις επιχειρήσεις σε Ευρώπη και Ελλάδα.
Πόλεμος στο Ιράν: Το σοκ…
MANILA, Philippines — The Philippine National Police – Highway Patrol Group (PNP -HPG) ordered its patrol officers to save on fuel amid looming price hikes triggered by escalating tensions in the…
Fitch's latest analysis indicates that while the global credit outlook remains stable for now, 2026 is anticipated to be another challenging year for the economy and markets, with risks on the rise.
Fitch Ratings has affirmed Croatia's credit rating at A-, which Prime Minister Plenković states confirms the country's political and economic stability, making it a reliable destination for investments.
Several financial firms have updated their ratings and price targets for various companies, including Jefferies upgrading ICON, Morgan Stanley raising RGA's target, Mizuho lowering Expedia's target, Wells Fargo lowering Universal Health Services' target, Keefe Bruyette raising Hanover Insurance's target, Morgan Stanley lowering Primerica's target, Deutsche raising Banco Bilbao Vizcaya Argentaria's target, and UBS lowering Abercrombie & Fitch's target.
Fitch Ratings has downgraded its outlook for Indonesia, citing an 'erosion' of credibility due to growing risks from President Prabowo Subianto’s economic and fiscal policies.
“Average NIMs declined slightly in most regions, but increased for African banks to 6.2 per cent (2024: 5.7 per cent), mostly due to banks in Nigeria,” Fitch noted.
The post Nigerian banks drive Africa’s increased interest income gains among emerging markets – Report appeared first on Premium Times Nigeria.
Fitch Ratings has affirmed the United Kingdom's credit rating at 'AA-' and maintained a 'Stable' outlook, indicating confidence in the country's financial stability.