Fixed Interests

Shelly Shetty, Managing Director, Americas Sovereigns, and Richard Francis, Senior Director & Primary Analyst on Colombia, discuss Colombia’s economy, the recently unveiled tax reform, and key factors to resolve the country’s negative outlook.

Paul Gamble, Head of Emerging Europe Sovereigns and Douglas Winslow, Director, discuss Fitch’s the revision of the Outlook on Turkey’s ratings to Stable from Negative and the recent evolution of economic policy.

Jan Friederich, Head of Middle East & Africa Sovereigns and Krisjanis Krustins, Director covering GCC sovereign ratings, discuss GCC ratings in light of higher oil prices, political developments and reform announcements.

In this podcast, Shelly Shetty, Managing Director in the Sovereigns group, and Charles Seville, Senior Director in the Sovereign group, discuss what the Biden administration means for U.S. economic policy and the U.S. sovereign rating outlook.

Cote d’Ivoire recently became the first Sub-Saharan African sovereign to access international markets since the start of the pandemic crisis. Jan Friederich, Head of Middle East & Africa Sovereign Ratings, and James McCormack, Global Head of Sovereigns, discuss SSA’s growth prospects for 2021 and the financing pressures in the region.

In the latest Fixed Interests, Shelly Shetty, Managing Director of Sovereigns, and Todd Martinez, Director of Sovereigns, discuss the future economic prospects and challenges in Argentina and Ecuador following their respective debt restructurings in September. They compare and contrast the two restructurings and examine Fitch’s upgrade of Argentina’s ratings to CCC and Ecuador to B- with stable outlook, and the risk factors to monitor in these countries in 2021.

Jan Friederich, Head of Middle East & Africa Sovereign Rating, and Mahmoud Harb, Director, discuss the rationale for the recent downgrade of Morocco’s ratings to BB+ with Stable Outlook, the pandemic impact and prospects for the country.

Amidst the global pandemic, Korea is outperforming its peers as a result of virus containment and rebounding exports. Stephen Schwartz and Jeremy Zook of APAC Sovereign Ratings discuss Korea’s economic and trade outlook, policies, and key risks.

In this latest podcast, Shelly Shetty, Managing Director of Sovereigns, and Carlos Morales, Director of Latin America Sovereigns, discuss sovereign trends in Central America. They delve into the challenges Central America are facing including fiscal pressures, headwinds from the U.S. and the global recession, spread of the coronavirus, downgrades and Negative outlooks ratings, and more. Find out which countries can be more resilient and what’s ahead for the region.

Paul Gamble, Head of Emerging Europe Sovereign Ratings, and Douglas Winslow, Director and lead analyst for Turkey, discuss Fitch’s recent revision of the Outlook on Turkey’s sovereign rating to Negative from Stable.

Stephen Schwartz, Head of APAC Sovereign Ratings and Thomas Rookmaaker, Director and Lead Analyst for Indonesia, discuss the economic impact of the Coronavirus in Indonesia, the fiscal and monetary policy responses and long term growth prospect.

The pandemic has had a heavy impact on SSA ratings. Jan Friederich, Head of Middle East & Africa Sovereign Rating, and Jermaine Leonard, Director, discuss the impact on sovereign ratings, the oil price shock, financing pressures and the G20 DSSI.

Climate change is a huge topic of political, social and financial market discourse.  Ed Parker, Head of Fitch’s EMEA Sovereign Ratings, and Tony Stringer, a Managing Director in the Sovereigns Group, discuss the main types of climate change risks, the uncertainties involved and the impact on sovereign ratings.

In the latest edition of Fixed Interests Shelly Shetty, Managing Director, and Kelli Bissett-Tom, Director and primary analyst for Peru, discuss the recent downgrade of Peru’s Local Currency IDR and its equalization with the Foreign Currency IDR which was also affirmed with a Stable Outlook. They examine the challenges ahead for Peru’s economic and fiscal profiles amid the coronavirus pandemic and an impending election cycle.

Nigeria faces significant challenges from the pandemic shock. Jan Friederich, Head of Middle East & Africa Sovereign Rating, and Mahmoud Harb, Director, discuss ongoing pressures on Nigeria’s external finances, its funding plan and growth outlook.

Forecasts cut again, but global economy close to bottoming out. Tony Stringer, Chief Operating Officer, Sovereigns and Brian Coulton, Chief Economist, discuss Fitch’s Global Economic Outlook - Crisis Update, May 2020

The GCC has been severely impacted by the global coronavirus pandemic. In this podcast, Jan Friederich, Head of Middle East and Africa Sovereign Ratings, and Krisjanis Krustins, Director and GCC Sovereigns analyst, discuss how sharply lower oil prices and the coronavirus crisis affect GCC sovereign ratings and currency pegs.

Shelly Shetty, Co-Head of Sovereigns-Americas, and Charles Seville, Senior Director, Americas Sovereigns, discuss Mexico’s rating downgrade, our main rationale behind our rating action and our overall views on how Mexico is placed to face the current difficult circumstances of global recession, including the contraction of the U.S., lower oil prices, coronavirus impact and other potential hits. What are the main drivers of Mexico’s economic recession? How will Mexico respond to the external shocks, and what’s ahead?

The lockdown on Wuhan has been lifted and China’s economy is recovering gradually. Stephen Schwartz and Andrew Fennell of APAC Sovereign Ratings, discuss China’s economic prospects, the course of policies, and implications for the sovereign rating.

Global GDP is collapsing as the COVID-19 crisis escalates rapidly. Tony Stringer, Chief Operating Officer, Sovereigns and Brian Coulton, Chief Economist, discuss Fitch’s latest Global Economic Outlook - Crisis Update.