Decentralized finance (DeFI) could get split into regulated and unregulated segments as watchdogs determine the sector’s risk, according to a report by Fitch Ratings, the New York-based credit rating agency. DeFi has been loosely defined as a global ecosystem of web applications and eWallets that...
Weeks before El Salvador is planning to launch a $1 billion bond issue, Fitch Ratings slashed its credit default rating from an already dismal B- to CCC. Along with a slew of specific financial worries — among them a worsening debt-to-GDP ratio, a still-high deficit,...
With the arrival of the Omicron variant of COVID-19, growth prospects around the world could be in jeopardy, according to updates from rating agencies Fitch Ratings and Moody’s Investors Service on Monday (Nov. 29). Moody’s Associate Managing Director, Elena Duggar, told Reuters that the new...
Finance has many levers to pull when it comes to pulling back on payments England finds itself in the unpaid invoice-related headlines again. And India makes some news of its own as smaller firms say they are being squeezed in bankruptcy by larger companies that...
September 03, 2024
The Securities and Exchange Commission (SEC) has charged six credit rating agencies with “significant” recordkeeping failures in maintaining and preserving electronic communications. The firms have agreed to pay civil penalties and to implement improvements to their compliance policies and procedures, the regulator said in a Tuesday (Sept. 3) press release. The six companies include A.M. Best Rating Services, Demotech, Fitch […]
February 15, 2022
Decentralized finance (DeFI) could get split into regulated and unregulated segments as watchdogs determine the sector’s risk, according to a report by Fitch Ratings, the New York-based credit rating agency....
November 29, 2021
With the arrival of the Omicron variant of COVID-19, growth prospects around the world could be in jeopardy, according to updates from rating agencies Fitch Ratings and Moody’s Investors Service...
