A rating agency’s warning about the country’s ballooning debt comes as the prime minister tries to push an austerity budget through a divided Parliament.
Tag: Fitch Ratings
What Will Happen if Russia Defaults on Its Debt?
The ultimate arbiter of a sovereign default is an open question but markets may have the final word.
Russia appears to have avoided default as it makes a $117 million bond payment.
Sanctions have isolated the country financially, driven down the value of the ruble and cut off Moscow’s access to about half its foreign currency reserves.
China Evergrande Has Defaulted on Its Debt, Fitch Says
A ratings agency’s declaration confirmed what investors had already suspected, but they now must wait on a restructuring plan overseen by the firm hand of Beijing.
Ratings Agency: Violence Could Undercut Israeli Economy
Rioting and mob attacks could undercut Israel’s recovery from the economic impacts of the pandemic, Fitch says.
Hong Kong’s Status as Neutral Ground at Risk as China Asserts Power
The island’s traditional role as a gateway is under assault from President Trump’s trade war and a crackdown on pro-democracy demonstrators.