Fitch

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The Allianz arena in Munich. Reinsurer Munich Re is likely to face damage claims of €250 million to €350 million from flooding in central Europe, a bank analyst predicted yesterday, after Allianz pencilled in its own net hit at €350 million.

Reinsurer Munich Re is likely to face damage claims of €250 million to €350 million from flooding in central Europe, a bank analyst predicted yesterda(...)

In a review of the four main Irish banks, Fitch said yesterday it expected the performance of both AIB and Bank of Ireland would continue to track within the stress case scenario of the 2011 Prudential Capital Assessment Reviews.

There are still “significant risks” in the Irish banking system, according to ratings agency Fitch, citing poor asset quality and high levels of non-p(...)

Managing director of sovereign ratingsfor Standard & Poor’s, which has  upgraded its credit outlook for the United States government to ‘stable’ from ’negative’. Photograph: Shannon Stapleton/Reuters

Credit rating agency Standard & Poor’s has upgraded its credit outlook for the United States government to “stable” from “negative,” reducing the (...)

While there is little evidence of a slowdown on the streets of Bangkok, which are filled with gleaming new cars and showing signs of deepening prosper(...)

Britain’s chancellor George Osborne: the pressure has been mounting on him in the run-up to tomorrow’s GDP announcement, not least from the International Monetary Fund, which has joined the chorus of those questioning his rigid adherence to austerity. Photograph: Christopher Furlong/Reuters

Has Britain slithered into its third recession since the start of the financial crisis? We’ll find out at last at 9.30am tomorrow when the Offi(...)

Britain's Chancellor of the Exchequer, George Osborne. Photograph: Stefan Wermuth/Files/Reuters

Britain's credit standing took a further blow today when Fitch Ratings became the second international agency to strip the country of its top-n(...)

Michel Barnier, commisioner for internal market and services; Minister for Finance Michael Noonan and Olli Rehn, the European Commision vice president, attend a press conference following the Eurogroup meeting of ECOFIN Ministers, at Dublin Castle yesterday. Photograph: Mac Innes Photography/Getty Images.

Minister for Finance Michael Noonan said today that the postponement of Ireland’s bailout repayments was but one of several positive developmen(...)

PSA Peugeot Citroen's credit rating has been cut one step by Moody's Investors Service.

PSA Peugeot Citroen's credit rating was cut one step to four levels below investment grade by Moody's Investors Service, which said a contracti(...)

Moody’s, one of a trio of agencies that assess countries’ and corporations’ ability to repay their debts, provoked controversy yesterday by re-affirming its long-standing rating of the Republic’s national debt at Ba1 with a negative outlook. Photograph: Scott Eells/Bloomberg

Ratings agency Moody’s said yesterday the Republic’s vulnerability to Europe’s continuing financial crisis was the main reason behind its decis(...)

Moody’s said it was keeping its outlook for ireland at negative. Photograph: Scott Eells/Bloomberg

Ratings agency Moody’s has affirmed its negative outlook on Ireland’s sovereign rating, as the EU bailout of Cyprus and poor asset quality in the I(...)

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