fitch ratings News and Articles

New York-based credit rating agency Fitch lowered the long-term Foreign Currency Issuer Default Rating (IDR) of El Salvador from B- to CCC. According to Fitch, El Salvador's rating was lowered as a result of several factors, including the weakening of institutions, concentration of power in the...

Analysts at the Fitch rating agency urge the European Union and the United States to seriously engage in the development of a regulatory framework for stablecoins. If states can control the movement of funds in digital assets, then they will reduce the risks of financial destabilization, the agency...

The introduction of central bank digital currencies (CBDCs) will create benefits but may disrupt the financial system. Such conclusions are contained in the report of the rating agency Fitch. Among the advantages of CBDC, analysts named digitalization of operations, financial inclusion, increased...