Fitch Ratings

Fitch Ratings downgraded the U.S. credit rating from AAA to AA+. Richard Francis, a senior director at Fitch Ratings, told Reuters that the decision, which caught investors off guard, stems from fiscal worries, perceived governance decline, and increased political polarization — notably...

U.S. Treasury yields experienced a significant surge on Wednesday, influenced by a combination of factors including elevated issuance plans and Fitch’s downgrade of the United States’ sovereign credit rating. The 10-year Treasury note briefly reached a yield of 4.1%, while the yield on...

U.S. Treasury Secretary Janet Yellen is publicly criticizing Fitch’s decision to downgrade the United States’ credit rating, a move that led to a significant drop in stock prices on Wednesday. The downgrade was deemed “entirely unwarranted” by Yellen. Yellen, during a...

In 2011, when Standard & Poor's downgraded the United States' credit rating from AAA to AA+, the stock market reacted negatively. The Dow Jones Industrial Average fell by over 200 points on the day of the downgrade, and the S&P 500 fell by over 10% in the following month. This was a...

The recent downgrade of the US sovereign credit rating from AAA to AA+ by Fitch Ratings has brought back memories of a similar event occurred exactly 12 years ago. On Aug. 6, 2011, S&P made history by downgrading the U.S. credit rating from AAA to AA+ for the first time since 1941. S&P...

Scott Shellady, the finance veteran widely known as the "Cow Guy," spoke candidly with Benzinga on Wednesday about his market perceptions, potential investment opportunities, and his thoughts on artificial intelligence (AI). Here's what investors need to know. Skepticism: Reacting to Fitch Ratings...

In a move that sent shockwaves through global markets, Fitch Ratings downgraded the United States’ sovereign credit grade from AAA to AA+. This downgrade, echoing a move by S&P Global more than a decade ago, comes as a result of several concerning factors affecting the nation’s...

Renowned economist Paul Krugman took to X, formerly known as Twitter, to react to Fitch Ratings downgrading the U.S. Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘AAA’ to ‘AA+’. What Happened: Krugman, a Nobel laureate and Op-Ed columnist for The New York...

On Tuesday, Fitch downgraded the U.S. government’s top credit rating, a move that surprised investors and drew a strong response from the White House, despite the resolution of the debt ceiling crisis two months ago. What Happened: Fitch downgraded the United States to AA+ from AAA, citing...

Despite the resolution of the debt ceiling standoff allowing the U.S. government to meet its obligations, Fitch Ratings has chosen to maintain its "Rating Watch Negative" stance on the U.S. rating, according to a statement released by the credit rating agency on Friday. The suspension of...

On CNBC, Colin Mansfield of Fitch Ratings said Macau’s gaming industry is expected to see a "strong level of pent-up demand" amid the lifting of some travel-related covid-19 restrictions. Don’t forget to check out our premarket coverage here. He added, however, that demand...

Last year, the French alcohol maker Remy Cointreau (OTC: REMYY) sued Canopy Growth Corporation (NASDAQ: CGC) for alleged trademark infringement over its CBD-infused sparkling water brand Quatreau. Cointreau (pronounced KWAN'troh) claimed that Canopy used Quatreau, (KWA'troh) to "trade-...