Fitch

Coulson quits Ardagh unit with riskiest bonds as restructuring looms

Bonds issued by ARD Finance are currently trading as low as 9.5 cent on the dollar

Fri Jan 10 2025 - 06:15

Valeo set for fresh fundraising, Fitch says

Irish food company which owns brands including Kelkin and Odlums is set to raise €30m in fresh equity investment in 2025, according to US-based ratings firm

Fri Sept 20 2024 - 06:00

Apple billions unlikely to lead to overheating of Irish economy, Fitch says

Ratings agency cites country’s ‘sound fiscal framework’

Mon Sept 16 2024 - 14:25

Fitch upgrades Ireland’s credit rating to highest since 2009

Ratings agency does not see next government making big change to spending levels

Fri May 31 2024 - 23:36

US debt downgrade by Fitch is no cause for panic

Mon Aug 07 2023 - 06:00

Fitch US debt downgrade greeted with Washington outrage and market calm

Ratings agency raised a red flag over ‘a steady deterioration in standards of governance over the last 20 years’

Wed Aug 02 2023 - 19:47

Global shares fall as investors digest downgrading of US credit rating

Fitch downgraded its US debt rating citing fiscal deterioration over the next three years

Wed Aug 02 2023 - 18:47

Investors shrug off Moody’s Irish upgrade amid rate hikes fears

Investors preoccupied by comments of ECB policymaker Robert Holzmann that the ECB should hike rates three times this year

Tue May 10 2022 - 05:45

Moody’s upgrades its credit rating on the Republic to A1

Ratings agency expects Government’s debt burden to keep declining

Fri May 06 2022 - 22:11

AB InBev warns of €1bn hit from Russian venture exit

Belgian brewer in talks with Turkish company

Fri Apr 22 2022 - 13:26

Denis O’Brien rails against PNG’s ‘bizarre’ $100m tax bill on Digicel

Cantillon: Move by Papua New Guinea could affect planned sale of telecom’s Pacific arm

Tue Apr 05 2022 - 05:08

Digicel revenue and earnings rise in final three months of 2021

Telecoms company’s net debt stood at $5.5 billion at the end of December

Fri Apr 01 2022 - 05:34

Aircraft leasing firms kick off insurance claims for planes stuck in Russia

Value of aircraft held by Russia estimated at €11.8bn

Thu Mar 24 2022 - 16:19

ESRI to warn of soaring prices as it scraps previous inflation forecasts

Seen and Heard: Dublin facing severe traffic disruption as power cables to be replaced

Sun Mar 20 2022 - 13:36

Some Russian creditors receive interest payments on keenly-watched bonds

Payment was first test of whether Moscow would meet obligations following sanctions

Thu Mar 17 2022 - 12:31

Russia’s $23bn of Irish-listed debt in focus as default warnings grow louder

Joe Brennan: Dublin has played its role in facilitating Putin’s government in accessing borrowing

Fri Mar 11 2022 - 15:49

Stocks reverse early gains as oil prices at highest level since 2008

Europe’s Stoxx 600 Index opens lower as mining and energy stocks advance

Thu Mar 03 2022 - 11:57

Irish-based Russian debt due for repayment rattled by Ukraine invasion

Value of $2bn of bonds issued by Irish entity of energy giant Rosneft slide nearly 3.5%

Thu Feb 24 2022 - 08:24

Irish ‘junk bond’ devotees get houses in order as market sours

Joe Brennan: Smurfit Kappa has been one of the darlings of the Irish market recently

Fri Feb 18 2022 - 20:09

Fitch upgrades Ireland to AA- on easing debt burden

Agency sees State’s debt burden on a ‘firm downward trajectory’

Fri Jan 28 2022 - 22:46

After its ‘near-death experience’, where does Unilever go from here?

Joe Brennan: Behemoth has been struggling to grow its sales at same pace as rivals

Fri Jan 21 2022 - 15:35

Evergrande shares suspended after report it was told to destroy buildings

Troubled Chinese property developer battling to restructure after debt default

Mon Jan 03 2022 - 14:56

Success, scandal and distraction: the business world’s winners and losers of 2021

In a sequel to 2020 no one wanted, some thrived, some slumped and some were unlucky

Fri Dec 31 2021 - 05:48

The A to Z of financial markets in 2021

Apple soared and Zoom slumped in a year that saw markets surge to record levels

Fri Dec 31 2021 - 05:20

Chinese property developers hit by record rating downgrades

Downgrades come as Evergrande collapse fuels fears over health of China’s economy

Wed Dec 22 2021 - 15:09

SoftBank sells $550m of WeWork debt

Low price on bonds that were part of 2019 rescue package underscores lacklustre investor reception

Fri Dec 10 2021 - 10:36

Evergrande rated ‘restricted default’ by Fitch after missed payment

Neither company nor government has confirmed that Evergrande has defaulted

Thu Dec 09 2021 - 10:10

China Evergrande on brink of first default on offshore notes

Some bondholders have not received overdue coupon payments after end of grace period

Tue Dec 07 2021 - 09:14

What the lira collapse means for Turkey’s economy

Analysts wonder how much further Erdogan will let the currency fall

Wed Nov 24 2021 - 13:13

China’s property woes may spell trouble for London and NY

Developers behind prestige mega-projects in global cities scrambling for cash

Wed Nov 03 2021 - 01:00

Digicel’s ‘aggressive’ past limits debt ratings uplift, Fitch says

Company sells Pacific unit for €1.6bn

Tue Nov 02 2021 - 17:24

Evergrande crisis leaves Chinese developers shut out of global debt markets

Just one dollar bond sold since heavily indebted company’s missed payment shook markets

Thu Oct 14 2021 - 15:26

European stocks slump over supply-chain concerns

Irish index bucks trend and ends week in positive territory

Fri Oct 01 2021 - 18:58

Evergrande sells bank stake to repay loan

Bondholders left guessing over interest coupon due despite divestment deal

Wed Sept 29 2021 - 08:40