Refinancing risk for most EMEA non-bank financial institutions (NBFIs) amid rising interest rates is modest in 2023 due to limited debt maturities, generally sound liquidity and often cash-generative business models, Fitch Ratings says. However, debt maturities in 2024 and beyond are larger and an inability...

Challenging macroeconomic conditions, geopolitical tensions and political polarisation are contributing to increased short-term scepticism about the importance of ESG considerations by corporations, investors and governments, but the long-term outlook for sustainable finance remains solid, Sustainable Fitch...

Fitch Ratings' 2023 sector outlook for global money market funds (MMFs) is deteriorating, reflecting Fitch’s expectations for deterioration in some key banking sector outlooks, continued market volatility and potential considerable flow and asset under management (AUM) dynamics. Evolving global regulation...

Sustainable Fitch has launched its ESG Ratings product for investors. ESG Ratings, Data & Analysis offers granular and transparent ESG ratings and sub-scores at an entity, framework and instrument level. ESG ratings are provided on an absolute and fully cross-comparable rating scale, with qualitative...

Sustainable Fitch has announced the launch of its ESG Scores for Leveraged Finance. The ESG scores provide the CLO investment community with an absolute scoring system which allows granular assessment of environmental, social and governance factors for leveraged finance entities and labelled...

London: Fitch Ratings estimates that assets under management (AUM) in money market funds (MMFs) classified under Article 8 (A8) of Europe’s Sustainable Finance Disclosure Regulation (SFDR) reached EUR600 billion at end-2021, or 39% of total European MMF AUM, up from 36% at end-3Q21.

Fitch is aware of...

London: Decentralised finance (DeFI) could divide into regulated and unregulated segments as regulators increase their focus on the sector’s risk profile, Fitch Ratings says in a new report. We expect many providers to submit to regulation to support their market credibility, but some may look to operate...

London: A recent Fitch Ratings study found that, at end-2021, over a third of European short-term bond funds (STBFs) considered environmental or social aspects, among other characteristics, when making investment decisions. Such funds are classified under Article 8 of the EU Sustainable Finance...

Fitch Ratings' 2022 sector outlook for global money market funds (MMFs) is neutral, reflecting expectations for a stabilising credit environment, modestly rising interest rates in major developed economies and manageable flow and asset under management (AUM) dynamics. Evolving MMF regulation brings...

London - Fitch Ratings believes that stablecoins will become increasingly relevant constituencies in the short-term credit markets. The market capitalisation of stablecoins has increased rapidly, and the security portfolios of stablecoins are typically invested in short-term securities such as commercial...

European traditional investment managers (IMs) are increasingly focusing on the investment impact of environmental, social and governance (ESG) factors, particularly environmental sustainability, Fitch Ratings says in a new report.The process has accelerated, helped by the EU’s Sustainable Finance...

Hong Kong/London: The broader adoption of general-purpose central bank digital currencies (CBDCs) will present authorities with trade-offs between the associated risks and benefits, says Fitch Ratings.

The key benefits of retail CBDCs lie in their potential to enhance authority-backed cashless payments...