Fitch Ratings
| Use attributes for filter ! | |
| Headquarters | New York |
|---|---|
| New York | |
| United States | |
| Ceo | Paul Taylor |
| Number of employees | 2,500 (approximate) |
| Founders | John Knowles Fitch |
| Subsidiaries | Fitch Solutions, Inc. |
| Korea Ratings | |
| Parent organizations | Hearst Corporation |
| Fitch Group | |
| Address | Esentepe, Büyükdere Cd. Kule 2 No:2, 34394 Beşiktaş/İstanbul |
| Phone | (0212) 279 10 65 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1045980 |
About Fitch Ratings
Fitch Ratings Inc. is one of the "Big Three credit rating agencies", the other two being Moody's and Standard & Poor's. It is one of the three nationally recognized statistical rating organizations designated by the U. S. Securities and Exchange Commission in 1975.
Where is the Fitch Ratings
Evergrande: China property giant suspends shares amid reports of detained leaders
... " China s property-sector stress will continue to pose cross-sector credit risks in the near term, " wrote Lan Wang and Duncan Innes-Ker of Fitch Ratings...
US Congress inches closer to deal before holiday weekend
... Fitch Ratings, one of the big three credit ratings agencies, on Wednesday said it had put the US on " negative watch" - the first step toward lowering the country s credit rating...
US interest rates hit 14-year high in inflation battle
... " That is definitely one of the downside risks - that the synchronised nature of the tightening could make it that much more powerful, " said Brian Coulton, chief economist at Fitch Ratings...
Sri Lanka defaults on debt for first time in its history
... Fitch Ratings lowered its assessment of the South Asian nation, saying " a sovereign default process has begun"...
Sri Lanka debt default 'has begun' - rating agency
... Fitch Ratings lowered its assessment of the South Asian nation, saying " a sovereign default process has begun"...
War in Ukraine: Russian debt default 'imminent', warns agency
... Fitch Ratings downgraded its view of the country s government debt, warning a default is " imminent"...
US Federal Reserve cuts interest rates for second time
... Brian Coulton, chief economist at Fitch Ratings, said the upgrade to that growth prediction underscores the fact that the Fed is worried about global factors, such as the trade war, rather than the underlying health of the US economy...
Evergrande: China property giant suspends shares amid reports of detained leaders
By Mariko OiBusiness reporter
Shares in crisis-hit Chinese property giant Evergrande have been suspended in Hong Kong amid reports its chairman has been placed under police surveillance.
It Follows reports earlier This Week that other current and former executives had also been detained.
Thursday's market statement did not give a reason for The trading halt.
But it marks another low for The heavily indebted property giant which defaulted in 2021, triggering China's current Real Estate market crisis.
In August, The Firm filed for bankruptcy in New York , in a bid to protect its US assets as it worked on a multi-billion dollar deal with creditors.
The Market trading halt now comes just a month after
Evergrande - Once valued as The World 's most valuable property Developer - is at The centre of a Real Estate crisis threatening The World 's second largest economy.
With More Than $300bn (£247bn) of debt, The Firm has been scrambling to raise cash by selling assets and shares to repay suppliers and creditors.
Most of Evergrande's debt is owed to people within China, many of whom are ordinary citizens whose homes have not been finished.
When The Firm , it sent shockwaves through global financial markets as The property sector contributes to roughly a quarter of China's economy.
Several other of The country's major developers have defaulted over The Past year and many are struggling to find The Money to complete developments.
In July , Evergrande revealed ($79. 6bn; £65. 6bn) over The Post two years.
It has been working on a new repayment plan and The Company seemed to have been moving closer to resolving The Problem after it.
Its latest plan was to reissue its overseas debt as new bonds that it had to pay back in about 10 Years ' time, as well as offering their creditors stakes in The Company as shares.
But earlier This Week , Evergrande revealed on 4 billion yuan (£449m; $547m) of debt.
Chinese Business Wire Caixin also reported that several current and former executives has been detained.
Then on Wednesday, Bloomberg News reported The Firm 's founder Hui Ka Yan, who is also known as Xu Jiayin , had been Taken Away by police this month and was being monitored at a designated location.
The Bbc has been unable to independently confirm Bloomberg's reporting.
Trading in its two other units - The property services and electric Vehicle - was also suspended on Thursday.
" China's property-sector stress will continue to pose cross-sector credit risks in The near term, " wrote Lan Wang and Duncan Innes-Ker of Fitch Ratings .
" The government's modest policy easing to date is unlikely to drive a sharp turnaround in homebuyers' sentiment, even though it has led to some recent improvements in broader economic indicators, "
Source of news: bbc.com
