Fixed Interests

Paul Gamble, Head of Emerging Europe Sovereign Ratings, and Douglas Winslow, Director and lead analyst for Turkey, discuss Fitch’s recent revision of the Outlook on Turkey’s sovereign rating to Negative from Stable.

Stephen Schwartz, Head of APAC Sovereign Ratings and Thomas Rookmaaker, Director and Lead Analyst for Indonesia, discuss the economic impact of the Coronavirus in Indonesia, the fiscal and monetary policy responses and long term growth prospect.

The pandemic has had a heavy impact on SSA ratings. Jan Friederich, Head of Middle East & Africa Sovereign Rating, and Jermaine Leonard, Director, discuss the impact on sovereign ratings, the oil price shock, financing pressures and the G20 DSSI.

Climate change is a huge topic of political, social and financial market discourse.  Ed Parker, Head of Fitch’s EMEA Sovereign Ratings, and Tony Stringer, a Managing Director in the Sovereigns Group, discuss the main types of climate change risks, the uncertainties involved and the impact on sovereign ratings.

In the latest edition of Fixed Interests Shelly Shetty, Managing Director, and Kelli Bissett-Tom, Director and primary analyst for Peru, discuss the recent downgrade of Peru’s Local Currency IDR and its equalization with the Foreign Currency IDR which was also affirmed with a Stable Outlook. They examine the challenges ahead for Peru’s economic and fiscal profiles amid the coronavirus pandemic and an impending election cycle.

Nigeria faces significant challenges from the pandemic shock. Jan Friederich, Head of Middle East & Africa Sovereign Rating, and Mahmoud Harb, Director, discuss ongoing pressures on Nigeria’s external finances, its funding plan and growth outlook.

Forecasts cut again, but global economy close to bottoming out. Tony Stringer, Chief Operating Officer, Sovereigns and Brian Coulton, Chief Economist, discuss Fitch’s Global Economic Outlook - Crisis Update, May 2020

The GCC has been severely impacted by the global coronavirus pandemic. In this podcast, Jan Friederich, Head of Middle East and Africa Sovereign Ratings, and Krisjanis Krustins, Director and GCC Sovereigns analyst, discuss how sharply lower oil prices and the coronavirus crisis affect GCC sovereign ratings and currency pegs.

Shelly Shetty, Co-Head of Sovereigns-Americas, and Charles Seville, Senior Director, Americas Sovereigns, discuss Mexico’s rating downgrade, our main rationale behind our rating action and our overall views on how Mexico is placed to face the current difficult circumstances of global recession, including the contraction of the U.S., lower oil prices, coronavirus impact and other potential hits. What are the main drivers of Mexico’s economic recession? How will Mexico respond to the external shocks, and what’s ahead?

The lockdown on Wuhan has been lifted and China’s economy is recovering gradually. Stephen Schwartz and Andrew Fennell of APAC Sovereign Ratings, discuss China’s economic prospects, the course of policies, and implications for the sovereign rating.