Search results for: fitch-ratings

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  • 24 November 2015

    The 2016 sector outlooks for the U.S. oil & gas and oilfield services sectors are negative, according to Fitch Ratings, pressured by global supply/demand challenges, the threat of persistently low oil prices, and sharp capex cuts. “Capital markets access has been fickle for high-yield names, with many issuers resorting to self-help measures as a lifeline […]

  • 29 September 2015

    China’s slower growth and economic transition will pose significant risks for the shipping sector, which already faces overcapacity, weak freight rates and stretched financials, according to rating agency Fitch Ratings. Fitch believes that these pressures will probably lead to bankruptcies among smaller unrated shippers and may drive consolidation. The impact, however, is likely to vary […]

  • 2 December 2019

    Based on Fitch Ratings’ new report on the shipping sector’s outlook, there is little room for optimism.

  • 29 September 2015

    China’s slower growth and economic transition will pose significant risks for the shipping sector, which already faces overcapacity, weak freight rates and stretched financials, according to rating agency Fitch Ratings. Fitch believes that these pressures will probably lead to bankruptcies among smaller unrated shippers and may drive consolidation. The impact, however, is likely to vary […]

  • 11 December 2015
    Business & Finance

    Fitch Ratings has revised the global shipping sector outlook for 2016 to negative from stable in 2015. The rating agency expects muted global trade growth and the economic slowdown in emerging markets to exacerbate overcapacity, leading to declining and volatile freight rates. But performance will vary across the segments, with dry-bulk and container shipping under […]

  • 14 February 2018
    Business & Finance

    There is a possibility that US may withdraw from NAFTA, according to Emma Griffith, Fitch Ratings.

  • 1 December 2016
    Business & Finance

    Muted demand growth will exacerbate overcapacity for the shipping sector in 2017, putting pressure on freight rates and driving further consolidation and defaults, according to Fitch Ratings. Fitch expects performance in all segments to be under pressure and has therefore maintained its negative sector outlook. However, tanker shipping will face slightly less stress than dry bulk and […]

  • 25 April 2016

    Credit rating agency Fitch on Friday informed it has revised the outlook on Woodside’s IDR to negative from stable.

  • 2 March 2018

    Sustaining last year’s improved profitability in 2018 may prove challenging for container shipping companies.

  • 1 August 2017
    Business & Finance

    Dubai-based port and terminal operator DP World has seen its Long-Term Issuer Default Rating (IDR) upgraded to BBB+ from BBB and Short-Term IDR affirmed at F2 by ratings agency Fitch Ratings. Fitch Ratings added that the rating outlook is stable. This follows on Fitch’s rating upgrade in August 2016 from BBB- to BBB and reflects DP […]

  • 23 February 2016
    Business & Finance

    Fixed-price power purchase agreements and public incentives insulate renewables from pricing risk, according to a new Fitch Ratings report. “In addition to pricing advantages, renewables enjoy increased demand spurred by tighter emission compliance standards,” said Christopher Joassin, Director at Fitch Ratings. “Carbon dioxide compliance costs will also improve renewables’ competitiveness.” Fitch has also recognised offshore wind […]

  • 23 June 2017
    Business & Finance

    Traffic growth in the ports sector is likely to remain well below historical levels for the foreseeable future, due to fundamental structural changes in the industry and global trade, according to Fitch Ratings. Global port traffic growth has slowed in recent years due to a mix of mostly structural factors, including a maturing container shipping […]

  • 12 September 2017

    The renegotiation of a 20-year liquefied natural gas contract to lower the price paid by India’s Petronet LNG go to one of its suppliers, ExxonMobil, demonstrates the risks faced by LNG exporters in the oversupplied Asia Pacific market, according to Fitch Ratings. Larger LNG importers, such as Japan, South Korea and China, have a strong […]

  • 23 February 2016
    Business & Finance

    Fixed-price power purchase agreements and public incentives insulate renewables from pricing risk, according to a new Fitch Ratings report. “In addition to pricing advantages, renewables enjoy increased demand spurred by tighter emission compliance standards,” said Christopher Joassin, Director at Fitch Ratings. “Carbon dioxide compliance costs will also improve renewables’ competitiveness.” Fitch has also recognised offshore wind […]

  • 15 September 2015
    Business & Finance

    Stand-alone U.S. port ratings remain largely in the ‘A’ category despite volume fluctuations during economic downturns, according to a new Fitch Ratings report. Emma Griffith, Director in Fitch’s Global Infrastructure Group, said that around 95% of port sector ratings were given Stable Outlooks, implying ”the relatively low credit risk and the resilience of port cash flows.”  […]

  • 19 August 2019
    Business & Finance

    Panama Canal is “an underlying asset that is critical not only for Panama, but for international commerce,” Fitch said.

  • 22 May 2019
    Business & Finance

    Siemens Gamesa Renewable Energy (SGRE) has been assigned a BBB long-term credit rating with stable outlook by Fitch. The agency attributes the rating to Siemens Gamesa’s consolidated leading position in the wind industry, with the necessary technical capabilities and scale to compete globally in an industry that is concentrated, volatile and highly competitive, Siemens Gamesa […]

  • 22 May 2019
    Business & Finance

    Siemens Gamesa Renewable Energy (SGRE) has been assigned a BBB long-term credit rating with stable outlook by Fitch. The agency attributes the rating to Siemens Gamesa’s consolidated leading position in the wind industry, with the necessary technical capabilities and scale to compete globally in an industry that is concentrated, volatile and highly competitive, Siemens Gamesa […]

  • 14 November 2017

    The recovery of the tanker market forecast to start next year and give the much-needed boost to company earnings seems to be far-off due to the lingering effect of tonnage oversupply. According to Fitch Ratings, a glut of new vessel deliveries and limited scrapping of older ships means the global tanker market will remain oversupplied in […]

  • 20 September 2016
    Business & Finance

    Credit ratings agency Fitch Ratings has affirmed CNOOC Limited’s (CNL) Long-Term Foreign- and Local-Currency Issuer Default Ratings and senior unsecured rating at ‘A+’ with the outlook deemed stable. The agency has also affirmed the energy company’s Short-Term Foreign- and Local-Currency IDRs at ‘F1’ and the rating on CNOOC Nexen Finance (2014) ULC’s guaranteed senior unsecured […]

  • 5 December 2017

    The outlook for the global shipping industry remains negative, according to Fitch Ratings, as the rating agency doesn’t expect a material improvement in market fundamentals in 2018 due to lingering overcapacity. As explained, both container and bulk markets show signs of a revival, but the longevity of this trend remains uncertain due to limited adherence […]

  • 9 April 2018
    Business & Finance

    Fitch Ratings has affirmed the A rating on JaxPort’s USD 87.4 million in outstanding revenue and refunding bonds.