Fitch: Downgrade risk doubled in first half of 2012

clock

The number of companies, governments and other institutions facing downgrades doubled in the first half of 2012, according to Fitch Ratings.

It gave 19.8% of companies under its watch a negative outlook in the first half of this year, most of which are located in the troubled eurozone area, the Telegraph reports. Six eurozone countries had their ratings lowered by Fitch, including Spain's by five notches and Greece down four. The number of international public finance organisations at risk of a downgrade over 12 to 18 months also doubled to 48.3% from 22.4% during the first six months of the year. Financial institutions and banks fared little better, with the number on negative outlook climbing to 19.3% from 10.7%. F...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

FCA's Rathi addresses Autumn Budget market abuse concerns

FCA's Rathi addresses Autumn Budget market abuse concerns

Pens open letter to Treasury Committee

Isabel Baxter
clock 04 December 2025 • 2 min read
More tax, less shelter: A slow-burn Budget for savers and investors

More tax, less shelter: A slow-burn Budget for savers and investors

'The Budget documents make for sobering reading for those trying to build up their wealth'

Laith Khalaf
clock 04 December 2025 • 3 min read
OBR 'deeply regrets' early release of Budget document

OBR 'deeply regrets' early release of Budget document

Mistaken release of Budget documents forced Richard Hughes' resignation

Linus Uhlig
clock 02 December 2025 • 3 min read