Weeks before El Salvador is planning to launch a $1 billion bond issue, Fitch Ratings slashed its credit default rating from an already dismal B- to CCC. Along with a slew of specific financial worries — among them a worsening debt-to-GDP ratio, a still-high deficit,...
With the arrival of the Omicron variant of COVID-19, growth prospects around the world could be in jeopardy, according to updates from rating agencies Fitch Ratings and Moody’s Investors Service on Monday (Nov. 29). Moody’s Associate Managing Director, Elena Duggar, told Reuters that the new...
Finance has many levers to pull when it comes to pulling back on payments England finds itself in the unpaid invoice-related headlines again. And India makes some news of its own as smaller firms say they are being squeezed in bankruptcy by larger companies that...
Trade finance is a critical part of cross-border trade, particularly for small businesses. The explosion of different kinds of trade finance enables businesses to address multiple areas of cash flow gaps for both buyers and suppliers, all with the same goal: keep the global trade...
February 15, 2022
Decentralized finance (DeFI) could get split into regulated and unregulated segments as watchdogs determine the sector’s risk, according to a report by Fitch Ratings, the New York-based credit rating agency. DeFi has been loosely defined as a global ecosystem of web applications and eWallets that leverage smart contracts stored on public blockchains, instead of relying […]
November 29, 2021
With the arrival of the Omicron variant of COVID-19, growth prospects around the world could be in jeopardy, according to updates from rating agencies Fitch Ratings and Moody’s Investors Service...
