August 18th, 2023 It was a busy week for investors as they digested a number of market-moving headlines. Ratings agencies remained in the spotlight with Fitch, once again, taking center stage. On Tuesday, the ratings firm announced it was considering a broad downgrade of the banking sector over concerns that interest rates will remain elevated…
Read More
August 11th, 2023 It is not often one gets to use a rating agency pun for a headline two weeks in a row, but here you have it. This week it was Moody’s who made news by downgrading the U.S. regional banking sector. On Tuesday, the credit agency explicitly downgraded 10 banks while placing another…
Read More
August 4th, 2023 Credit ratings agency Fitch stopped market bulls’ push for a fourth consecutive winning week for the Dow Jones Industrial Average. Fitch is one of the top three credit rating agencies internationally along with Moody’s and Standard and Poor’s. On Tuesday, the firm downgraded the U.S.’s credit rating from AAA to AA+. Fitch…
Read More