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“At the end of the day, Fitch’s decision does not change what all of us already know,” she said.
Source: https://business.inquirer.net/413779/us-credit-downgrade-entirely-unwarranted-yellen
Fitch said the ratings decision reflects Fitch’s view that Aon has stronger credit qualities than NFP.
Source: https://www.insurancejournal.com/news/international/2023/12/22/753146.htm
Fitch’s analysts explained that Israel’s rating balances a diversified, resilient, and high-value-added economy, and strong external finances, against a high government debt-to-GDP ratio.
“Fitch’s decision does not change what Americans, investors, and people all around the world already know: that Treasury securities remain the world’s preeminent safe and liquid asset, and that the American economy is fundamentally strong,” Yellen added.
Fitch’s decision was bashed among top economists, with the likes of Former Treasury Secretary Larry Summers and CUNY economics professor Paul Krugman both calling the move “bizarre.”
Source: https://nypost.com/2023/08/04/us-adds-187000-jobs-in-july-lowest-level-since-2020/
Fitch’s failure to put its finger on anything resembling a crisis explains why its downgrade has elicited yawns everywhere except on Fox.
The banking sector of Azerbaijan has improved, but is still fairly weak, reflected by Fitch’s Banking System Indicator score of ‘b’, Report informs.