Fitch Ratings

Fitch has identified seven policy themes in a recent report, that could be the most impactful to credit in the event of a change election where Donald Trump wins the White House, highlighting the key policies to watch and the feedthroughs that matter most to credit markets. This infographic summarizes the implications for trade in such an event. Visit our website for the latest commentary on elections around the world: https://ow.ly/eCkQ50SOLPe #US #elections #geopolitics

In this episode of #FitchinFive for Financial Institutions, Cynthia Chan, Global Head of Bank Ratings, together with Mark Narron, Senior Director, North American Bank Ratings, discuss US credit card loan performance and banks. Listen below and see the rest of the episodes in our series here: https://ow.ly/awZ450SNvZx #FitchRatings #Banks #Banking

California's enacted budget for fiscal 2025 addresses the revenue gap that emerged in fiscal 2024, though further actions will be needed in the outyears to achieve structural balance. Learn more in our new report: https://ow.ly/Lc5J50SNv4K #USPF

US leveraged loan (LL) and high yield (HY) bond default rates both fell in June. The LL trailing-12-month (TTM) default rate ended June at 4.06%, down from 4.29% in May due to $7 billion of loan defaults rolling out of the TTM period versus the $2.9 billion of new loan default volume in June. Learn more: https://ow.ly/SyAH50SOfyy #LevFin #LevLoan #HighYield #Default

Risks to APAC banks’ mortgage exposures have receded over the past year, as higher interest rates and the withdrawal of pandemic forbearance have been largely absorbed without a significant impact. Commercial real estate (CRE) is under more pressure, but low loan-to-value (LTV) ratios provide a buffer. Download the infographic to understand the relative risks to banks’ standalone credit profiles from property exposures in markets across APAC. https://ow.ly/7L2950SMRin For further details, contact our business team Ka Yee Chan and Summer Si, or visit our APAC website https://ow.ly/u8Iz50SMQJh #asiapacific #banks #fitchratings

Global automakers may need to reconsider their pricing strategies in #China, according to Fitch Ratings, as widening discounts may not help preserve market share amid the accelerating shift towards electric vehicles (EVs). Read more: https://ow.ly/mH3M50SN9tu Visit our website for more China insights: https://ow.ly/9h5i50SN9tv #asiapacific #ev #fitchratings #auto

US rate rises in 2023 have begun to show some effect on the labour market and demand, while politics remains an area of high uncertainty, and geopolitical risk is here to stay. Learn more in our new report: https://ow.ly/rBrU50SNuTl #USPF

Gaming, leisure, lodging and restaurant (GLLR) issuers continue to be affected by the aftershocks of the pandemic. Fitch has added three case studies to its existing compilation of 49 GLLR bankruptcies, while liability management transactions (LMT) and their impact on recoveries remains an area of focus in 2024. Learn more: https://ow.ly/Iwim50SNnBe #Gaming #Leisure #Lodging #Restaurant #Bankruptcy #LevFin

India’s post-election budget confirms that the new administration remains committed to reducing the fiscal deficit this and next year, despite the demands of coalition government, says Fitch Ratings. The sustained focus on supporting economic growth through high public capex also points to continuity in key areas. Read more: https://ow.ly/2hb750SLWza Visit our website for more India insights: https://ow.ly/j9XU50SLWzb #India #budget #creditmarket