Industry Research
Press Releases
Fitch: Major Australian and Canadian Banks Justifiably Highly Rated but Funding Differentiates
30 January 2012
Fitch Ratings has published a report which reviews the main features of Australian and Canadian major banks. The report, "Australian and Canadian Major Banks: Structural Features Favourable but Funding Remains Key Issue for Australian Banks" confirms the agency's opinion that the four Australian and six Canadian major banks are justifiably highly rated. However, funding profiles in these two countries represent a notable differentiator with Canadian Banks having a stronger funding profile compared to Australian and most other banks rated in the 'AA' range.
Fitch Places Major Australian Banks on RWN; Affirms Canadian Banks
30 January 2012
Fitch Ratings says that in conjunction with its broad review of the largest banking institutions in the world and following the newly-published special report on major banks in Australia and Canada, Fitch has placed four major Australian banks' Long-Term Issuer Default Ratings (IDR) and Viability Ratings (VR) together with many of their subsidiaries' ratings, on Rating Watch Negative (RWN).
Fitch Rates Wharf Finance Limited's Proposed USD Notes 'A-(exp)'
30 January 2012
Fitch Ratings has assigned Wharf Finance Limited's proposed USD notes an expected rating of 'A-(exp)'. The notes are to be unconditionally and irrevocably guaranteed by Wharf (Holdings) Limited (Wharf, 'A-'/Stable).
Fitch Assigns Rizal Commercial Banking's Senior Notes Final 'BB-'
29 January 2012
Fitch Ratings has assigned Rizal Commercial Banking Corp.'s (RCBC) USD200m 5.25% senior notes due 2017 (issued under the bank's USD1bn medium-term note programme) a final 'BB-' rating.
Fitch: Stable Outlook for Indian Pharmaceutical Sector in 2012
29 January 2012
Fitch Ratings says that the 2012 outlook for the Indian pharmaceutical industry is stable. The agency expects credit profiles to remain stable given that long-term earnings and profitability prospects remain intact with moderate capex.
Fitch Takes Rating Actions on Six Eurozone Sovereigns
27 January 2012
Fitch Ratings has today concluded its review of the six eurozone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011.
Fitch: Stable Outlook for Sri Lankan Banks
27 January 2012
Fitch Ratings Lanka says that its Outlook for the majority of Sri Lankan banks is Stable, underpinned by improved earnings prospects due to post-war growth in the domestic economy as well as the government's capacity to support the banking system. However, rapid loan growth will test the banks' risk management systems and funding profiles.
Fitch Affirms Hong Leong Bank at 'BBB+'; Outlook Stable
27 January 2012
Fitch Ratings has affirmed Hong Leong Bank Berhad's (HLBB) ratings, including its 'BBB+' Long-Term Foreign-Currency Issuer Default Rating (IDR) with Stable Outlook.
Fitch: Japanese CMBS Loans in Default Exceed Half of Total
27 January 2012
Fitch Ratings has today said in its special report that the balance of defaulted underlying loans backing Fitch-rated Japanese CMBS in total was JPY266.2bn at end-December 2011, accounting for more than half of the total underlying loan balance at that time.
Fitch Downgrades Berlian Laju Tanker's Ratings To 'C'
27 January 2012
Fitch Ratings has downgraded Berlian Laju Tanker Tbk's (BLT) Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) to 'C' from 'CCC'.
Fitch: Samsung Electronics Continues to Outperform
27 January 2012
Fitch Ratings says it expects Samsung Electronics Inc. (SEC, 'A+'/Stable) to continue to perform strongly in 2012, following record revenue of KRW165trn in 2011 (2010: KRW155trn).
Fitch Affirms Thai Oil's Ratings; Outlook Stable
26 January 2012
Fitch Ratings (Thailand) Limited has affirmed Thai Oil Public Company Limited's (TOP) National Long-Term rating at 'AA-(tha)', National Short-Term rating at 'F1+(tha)', and National Long-Term rating on its senior unsecured debentures at 'AA-(tha)'.
Fitch Rates Hana Bank's Baht Bonds 'AAA(tha)'
25 January 2012: Fitch Ratings (Thailand) has assigned Hana Bank's (Hana) senior unsecured bonds of up to THB10bn with a minimum maturity of three years a National Long-Term 'AAA(tha)' rating.
Fitch Rates Commonwealth Bank of Australia Covered Bonds 'AAA'
25 January 2012
Fitch Ratings has assigned Commonwealth Bank of Australia's (CBA, 'AA'/Stable/'F1+') AUD3.5bn 5-year residential mortgage covered bonds a 'AAA' rating.
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Criteria Reports
Events
Photos
Fitch’s 2011 Global Banking Conference in Hong Kong
Fitch in the news
Europe’s carmakers not in danger from China market ease
Global Times, 29 Jan 2012
Concerned about banks' exposure to stressed sectors: Fitch
CNBC-TV18, 23 Jan 2012
Labour unrest in China – no letup soon
Financial Times, 19 Jan 2012
Rupee's slide to have limited impact on India Inc ratings: Fitch
Economic Times, 11 January 2011
French rating safe, Italy concern, Fitch
Skynews, 11 January 2011
India: Auto growth seen at single digit
Financial Chronicle, 10 January 2011
Indonesia: On Heels of Credit Upgrade, Bond Sale to Lure Investors
Jakarta Globe, 10 January 2011
Negative outlook for asset classes in 2012, says Fitch
Business Standard, 5 January 2012
Planned global bonds get ratings upgrade
Manila Business Insight, 5 January 2012
Eurozone crisis poses major threat
Bangkok Post, 3 January 2012
Fitch suggests possible upgrade for S. Korea’s credit rating in 2012
MK Business News, 2 January 2012
China Exim lends more to Africa than World Bank, Fitch says
The African Star, 28 December 2011
Emerging market economies see profits amid continued global financial turmoil
The China Post, 27 December 2011
Fitch cuts Asia's 2012 growth outlook
Ninemsn, 23 December 2011
Fitch cuts Asian growth outlook
The Telegraph, 23 December 2011
Queensland worst state for mortage stress - Fitch Ratings
The Courier Mail, 21 December 2011
Major Ratings Agencies May Soon Follow Fitch’s Example
The Jakarta Globe, 20 December 2011
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