Fixed Interests

Global Economic Outlook - AI-Related Capital Spending Cushions Slowdown

15 Dec 2025

Contributed by Lukas

Brian Coulton and Ed Parker discuss Fitch’s Global Economic Outlook, reviewing where the world economy stands at the close of 2025 and key trends fo...

Are Bubble Risks Emerging in Leveraged Finance?

12 Dec 2025

Contributed by Lukas

Lyuba Petrova, Lyle Margolis and Justin Patrie examine bubble risks as equities surge, credit spreads tighten, private credit faces hidden vulnerabili...

Argentina Mid-Terms - Credit Outlook and Reform Risks

13 Nov 2025

Contributed by Lukas

Shelly Shetty and Todd Martinez analyze Argentina’s mid-term elections, what Milei’s stronger legislative backing means for reforms, and the linge...

Fiscal Challenges for Western European Sovereigns

30 Oct 2025

Contributed by Lukas

James Longsdon, Head of Global Sovereigns and Supranationals, and Federico Barriga Salazar, Head of Western European Sovereign Ratings, discuss Wester...

Challenges Ahead for US Data Center Boom

22 Oct 2025

Contributed by Lukas

Justin Patrie, Head of Credit Commentary & Research, and Sarah Repucci, Senior Director, Credit Commentary & Research, discuss emerging challe...

GCC Diversification: Progress and Challenges

29 Sep 2025

Contributed by Lukas

Paul Gamble, Head of Middle East and Africa (MEA) Sovereigns, and Cedric Berry, Director, MEA Sovereigns, discuss GCC efforts to diversify their econo...

Emerging Markets in 2025 - Resilience Amid Global Headwinds

27 Aug 2025

Contributed by Lukas

Justin Patrie and Duncan Innes-Ker discuss how emerging market credits are faring this year amid slower global growth, geopolitical risks, and shiftin...

Global Credit Risk Outlook

07 Aug 2025

Contributed by Lukas

Justin Patrie and David Prowse discuss key themes from Fitch’s Global Credit Risk Outlook, including slower growth, tariff uncertainty, and weaker c...

Fiscal Risks in Japan

18 Jul 2025

Contributed by Lukas

Thomas Rookmaaker, Head of APAC Sovereign Ratings, and Krisjanis Krustins, lead analyst for Japan, discuss Japan’s fiscal outlook, covering the impa...

Global Economic Outlook – Better But Not Good

07 Jul 2025

Contributed by Lukas

Brian Coulton, Chief Economist, and Ed Parker, Sovereigns Managing Director, discuss Fitch’s mid-year Global Economic Outlook, focusing on global gr...

Global Corporates at Mid-Year - Sector Outlooks Deteriorates on Tariffs Pressure

26 Jun 2025

Contributed by Lukas

The credit outlook for global corporates has worsened in 2025, with 14 sectors and sub-sectors deteriorating at mid-year vs. 5 at end-2024. Justin Pat...

CEE Electoral Cycle: Sovereign Rating Implications

18 Jun 2025

Contributed by Lukas

Paul Gamble, Senior Director of Sovereign Ratings, and Erich Arispe, Head of Emerging Europe Sovereign Ratings, discuss the credit implications and co...

Tariff Uncertainty Continues To Shape Credit Risk Outlook

23 May 2025

Contributed by Lukas

Fitch's 2Q25 Risk Headquarters report highlights a worsened risk outlook amid US tariff volatility. David Prowse and Justin Patrie discuss key points ...

Listen and Subscribe to Fitch Ratings Fixed Interests Podcast

19 May 2025

Contributed by Lukas

From global macroeconomic trends to sovereign credit developments to regulatory and political changes, Fitch’s Fixed Interests podcast delivers the ...

Mexico's Sovereign Rating Amid Global Trade Tensions

14 May 2025

Contributed by Lukas

Shelly Shetty, Managing Director, Americas Sovereigns and Todd Martinez, Senior Director, Sovereigns, discuss Mexico’s recent rating affirmation, an...

European Sovereigns: Navigating US Policy Shifts

01 May 2025

Contributed by Lukas

Explore the impact of US tariffs on European sovereigns with Jan Friederich, Head of EMEA Sovereigns, and Federico Barriga Salazar, Head of Western Eu...

China's Fiscal Future: Insights on the Recent Rating Downgrade

17 Apr 2025

Contributed by Lukas

Thomas Rookmaaker, Head of APAC Sovereign Ratings, and Jeremy Zook, lead analyst for China, discuss China’s recent downgrade, covering key drivers i...

US Housing Economy Update - Downside Risks Increasing

11 Apr 2025

Contributed by Lukas

Olu Sonola, Chief US Economist, and Sarah Repucci, Senior Director, Credit Commentary and Research, delve into Fitch's latest US Cross-Sector Housing ...

Risk Headquarters 1Q25 - Key Risks to Global Credit

18 Mar 2025

Contributed by Lukas

David Prowse and Justin Patrie discuss the key points in Fitch's 1Q25 Risk Headquarters report, covering how the credit risk environment has evolved s...

India's Economic and Fiscal Outlook

10 Mar 2025

Contributed by Lukas

Join Thomas Rookmaaker and Jeremy Zook from the APAC Sovereigns team as they explore India's 2025 budget, its path for debt reduction, economic outloo...

Private Credit - 2024 Trends, 2025 Expectations

10 Feb 2025

Contributed by Lukas

Join Justin Patrie, Head of Credit Commentary & Research, and Meghan Neenan, Head of North America NBFI, as they review 2024's private credit tren...

Trump Agenda and Outlook for US Fiscal Policy and Debt Trajectory

27 Jan 2025

Contributed by Lukas

Shelly Shetty, Managing Director, Americas Sovereigns and Richard Francis, Senior Director, Sovereigns, look into the impact new Trump administration ...

Global Credit Outlook 2025

16 Jan 2025

Contributed by Lukas

David Prowse and Justin Patrie discuss the key points in Fitch's 2025 Global Credit Outlook report, including positive drivers for the market such as ...

Global Economic Outlook – Global Growth Stable as Forecasts for Major Economies Shift

12 Dec 2024

Contributed by Lukas

Tariff uncertainty in the US, deflation pressures in China, and political instability in France and Germany are driving forecast changes for 2025. Joi...

US Election Impact - Tariffs, Credit Risks, and Market Reactions

02 Dec 2024

Contributed by Lukas

Richard Francis, David Prowse, and Justin Patrie discuss the implications of the recent US election, including potential impacts on the US budget, sov...

Public Finances and CEE Sovereign Ratings

14 Nov 2024

Contributed by Lukas

Erich Arispe, Head of Emerging Europe (EE) Sovereigns, and Malgorzata Krzywicka, Associate Director EE Sovereigns, discuss Central and Eastern Europe’...

US Banks - 2024 Trends, 2025 Expectations

05 Nov 2024

Contributed by Lukas

Christopher Wolfe, Managing Director for North America Banks, and Justin Patrie, Head of Fitch Wire, look back at US banks’ performance and rating t...

Common Framework Restructurings - Progress and Challenges

29 Oct 2024

Contributed by Lukas

Explore the latest developments in Common Framework debt restructurings for Ethiopia, Zambia, and Ghana and the impacts of new IMF policies with Paul ...

Outlook on Emerging Market Economies

10 Oct 2024

Contributed by Lukas

Duncan Innes-Ker, Senior Director, Fitch Wire, and Justin Patrie, Head of Fitch Wire, explore challenges and opportunities for emerging market economi...

Economic Policy Expectations for India

02 Oct 2024

Contributed by Lukas

Thomas Rookmaaker, Head of APAC Sovereigns, and Jeremy Zook, Lead Analyst for India, discuss India’s sovereign rating, and what to expect from the c...

US Election and Credit Implications

10 Sep 2024

Contributed by Lukas

Richard Francis, Richard Hunter and Justin Patrie look into the potential effects the upcoming US election could have on credit, touching on the US’...

Fiscal Policies in the European Union

03 Sep 2024

Contributed by Lukas

Head of EMEA Sovereigns Jan Friederich and Head of Western European Sovereigns Federico Barriga Salazar discuss fiscal policies in the EU, including t...

Global Credit Risk through 1H24

19 Aug 2024

Contributed by Lukas

David Prowse, Senior Director, Fitch Wire, and Justin Patrie, Head of Fitch Wire, look into our 3Q24 Risk Headquarters report, covering the ongoing im...

Global Economic Outlook – Monetary Policy Enters an Easing Phase

16 Jul 2024

Contributed by Lukas

Brian Coulton, Chief Economist, and Ed Parker, Sovereigns Managing Director, parse Fitch’s latest Global Economic Outlook report, covering focus poi...

Mexico’s New Administration - Key Challenges and Opportunities

27 Jun 2024

Contributed by Lukas

Shelly Shetty, Managing Director, Americas Sovereigns, and Carlos Morales, Lead Mexico Analyst, look at Mexico’s recent elections, including challen...

Estimating the Impact of Potential US Tariff Hikes

12 Jun 2024

Contributed by Lukas

With elections in the U.S. approaching, Brian Coulton, Chief Economist, and Alex Muscatelli, Director, Economics, look into the potential impact a ren...

Contagion Risks from Rising Commercial Real Estate Delinquencies

10 Jun 2024

Contributed by Lukas

Euan Gatfield, Head of EMEA CMBS, joins Justin Patrie, Head of Fitch Wire, to explore the current CRE environment, delving into rate cycle impacts and...

Post-Election Economic Outlook for Turkiye

03 Jun 2024

Contributed by Lukas

Paul Gamble, Head of Emerging European Sovereigns, and Erich Arispe, Lead Analyst on Turkiye, discuss the positive rating actions around Turkiye follo...

Risk Headquarters 2Q24

08 May 2024

Contributed by Lukas

Richard Hunter, Chief Credit Officer, and Justin Patrie, Head of Fitch Wire, dive into the latest Risk Headquarters report, outlining the main risks t...

Credit Views on Pakistan Post-Election

23 Apr 2024

Contributed by Lukas

Thomas Rookmaaker, Head of APAC Sovereigns, and Krisjanis Krustins, Primary Analyst on Pakistan discuss the results of Pakistan’s recent elections, ...

The Growing World of Private Credit

09 Apr 2024

Contributed by Lukas

Justin Patrie, Head of Fitch Wire, and Meghan Neenan, Head of North America NBFI, dive into the rapidly expanding private credit sector, covering the ...

Economic Reforms In Argentina Under Milei - The First 100 Days

29 Mar 2024

Contributed by Lukas

Join Shelly Shetty, Head of Sovereign Ratings for Asia & the Americas, and Todd Martinez, Primary Argentina Analyst & Americas Co-Head, as the...

Outlook for Chinese Credit - What to Expect in 2024

19 Mar 2024

Contributed by Lukas

Justin Patrie, Senior Director and Head of Fitch Wire, is joined by fellow Credit Policy Senior Director Lan Wang to discuss the outlook for China’s...

Geopolitical Tensions and Economic Risks in the Middle East and North Africa

08 Mar 2024

Contributed by Lukas

Toby Iles, Head of MEA Sovereigns, joins Head of EMEA Sovereigns Jan Friederich to break down the economic and rating implications of geopolitical ris...

A Challenging Environment for U.S. Commercial Real Estate

26 Feb 2024

Contributed by Lukas

Justin Patrie, Senior Director and Head of Fitch Wire, and Melissa Che, Senior Director, North America CMBS, explore the challenges facing U.S. commer...

2024 Global Credit Outlook - Key Themes and What to Expect

02 Feb 2024

Contributed by Lukas

Richard Hunter, Chief Credit Officer, and Justin Patrie, Senior Director, discuss the key themes of Fitch’s recent 2024 Global Outlook report, inclu...

Opportunities for Supply Chain Diversification In Emerging Markets

24 Jan 2024

Contributed by Lukas

Fitch sovereign analysts Shelly Shetty, Managing Director, Todd Martinez, Senior Director, and Jeremy Zook, Director, discuss the impact of supply cha...

Global Economic Outlook - High Rates and Slowing Growth

18 Dec 2023

Contributed by Lukas

Brian Coulton, Chief Economist, and Ed Parker, Sovereigns Managing Director, discuss Fitch's Global Economic Outlook for 2024, including stagnation in...

Fiscal Developments in Western Europe

07 Dec 2023

Contributed by Lukas

Federico Barriga Salazar, Head of Western European Sovereigns, and Greg Kiss, Sovereigns Director, discuss how underlying fiscal trends in Western Eur...

Assessing Common Framework Debt Restructuring

15 Nov 2023

Contributed by Lukas

Head of EMEA Sovereigns Jan Friederich is joined by MEA Associate Director Thomas Garreau to discuss the functioning of sovereign restructurings under...

Outlook on APAC Frontier Markets

02 Nov 2023

Contributed by Lukas

APAC Frontier Markets continue to face external financing challenges - join Thomas Rookmaaker, Head of APAC Sovereigns, and Sovereign Directors Sagari...

US Sovereign Rating and Outlook Going Forward

04 Oct 2023

Contributed by Lukas

Shelly Shetty, Managing Director, Sovereigns, and Richard Francis, Senior Director, Sovereigns, discuss the recently averted US government shutdown, t...

China's slowdown and sovereign risks

22 Sep 2023

Contributed by Lukas

As Fitch cuts its forecasts for China’s economic growth, Thomas Rookmaaker, Jeremy Zook and Brian Coulton discuss the implications of the deteriorat...

Nigeria - Policy Settings Under the New Government

18 Sep 2023

Contributed by Lukas

Toby Iles, Head of Middle East and Africa Sovereigns, and Doug Winslow, Senior Director, Sovereigns, discuss the direction of reform and related credi...

Resilience, Nearshoring and What to Expect from Mexico’s Economy

10 Aug 2023

Contributed by Lukas

Japan’s monetary policy: shifting gears or doubling down?

24 Jul 2023

Contributed by Lukas

Will the Bank of Japan follow the world in tightening? How far could rates go? What could that mean for public finances? Thomas Rookmaaker, Head of AP...

How Sustainable are Egypt's External Finances

18 Jul 2023

Contributed by Lukas

In the latest edition of Fixed Interests, Ed Parker, Global Head of Sovereigns Research, and Laure de Nervo, Primary Egypt Analyst, look into the curr...

Global Economic Outlook – Central Bank Inflation Fight Continues

26 Jun 2023

Contributed by Lukas

In the latest episode of Fixed Interests, Brian Coulton, Chief Economist, and Ed Parker, Global Head of Sovereigns Research, explore Fitch's new Globa...

Turkish Elections and the Economic Impact

19 Jun 2023

Contributed by Lukas

Paul Gamble, Head of Emerging European Sovereigns, and Erich Arispe, Sovereigns Senior Director, discuss the recent elections in Turkey, and how polic...

Central America’s Positive Rating Momentum

26 May 2023

Contributed by Lukas

Stress and consequences for the US Banking Sector

05 Apr 2023

Contributed by Lukas

In the latest episode of Fixed Interests, James Longsdon, Global Head of Banks, and Christopher Wolfe, Head of Bank Ratings, North America,  discuss ...

Kazakhstan - Geopolitics and Oil Exports

28 Mar 2023

Contributed by Lukas

Crude oil exports to Western Europe are vital to Kazakhstan's economy - learn more about the related geopolitical challenges from Michele Napolitano, ...

India’s Fiscal Outlook after the 2023 Budget

06 Mar 2023

Contributed by Lukas

In this edition of Fixed Interests, Sovereigns Senior Director Thomas Rookmaaker, and Director Jeremy Zook, discuss India's fiscal outlook after the r...

Rate Hikes and Canadian Consumers

16 Feb 2023

Contributed by Lukas

In the latest episode of Fixed Interests, Mike Girard, Director, ABS, and Mark Narron, Senior Director, Financial Institutions, explore how recent ban...

What to Expect From Brazil’s New Government

13 Jan 2023

Contributed by Lukas

Shelly Shetty, Managing Director, Sovereigns, and Todd Martinez, Senior Director, Sovereigns, discuss the policy and rating outlook for Brazil under t...

Global Economic Outlook - Inflation Battle Intensifies

14 Dec 2022

Contributed by Lukas

Brian Coulton, Chief Economist and Ed Parker, Sovereigns Managing Director discuss the recessionary outlook in Europe and the US as inflation pressure...

U.S. Semiconductor Export Controls - What to Expect

05 Dec 2022

Contributed by Lukas

The US government recently announced new restrictions on China’s access to US semiconductor technology - join Fitch analysts Carla Taylor, Jason Pom...

US Economic Outlook and Implications of the Midterm Elections

27 Oct 2022

Contributed by Lukas

Shelly Shetty, Managing Director, Sovereigns, and Richard Francis, Senior Director, Sovereigns, discuss the potential economic implications of mid-ter...

GCC Fiscal Update

03 Oct 2022

Contributed by Lukas

In the latest episode of Fixed Interests, Thomas Rookmaaker, Head of APAC Sovereign Ratings, and Toby Iles, Head of MEA Sovereign Ratings, discuss the...

Europe's Energy Crisis

23 Sep 2022

Contributed by Lukas

Paul Gamble and Federico Barriga Salazar from the Emerging Europe sovereign team and Michele Napolitano, head of Western Europe sovereign ratings disc...

Argentina - Still on the Brink After IMF Deal

24 Aug 2022

Contributed by Lukas

Despite Argentina's deal with the IMF earlier this year, the country's macroeconomic vulnerabilities are mounting, and it remains unclear if political...

Colombia - Prospects and Challenges under President-elect Petro

01 Aug 2022

Contributed by Lukas

Shelly Shetty, Sovereigns Managing Director, and Richard Francis, Primary Analyst for Colombia, discuss the outlook for Colombia’s economy, public f...

US Rating Outlook

19 Jul 2022

Contributed by Lukas

Shelly Shetty, Managing Director, Sovereigns, and Charles Seville, Co-Head of Americas Sovereigns, discuss the US’s sovereign rating and the rationa...

Tight Monetary Policy and Global Growth

11 Jul 2022

Contributed by Lukas

Brian Coulton, Chief Economist at Fitch, joins Ed Parker, Sovereigns Managing Director, to discuss unrelenting global inflation pressures, the Fed’s...

Philippines - Post Election Outlook

06 Jun 2022

Contributed by Lukas

Thomas Rookmaaker, Head of APAC Sovereign Ratings, and Sagarika Chandra, Lead Analyst for the Philippines, discuss the President-Elect’s economic ag...

Canada Public Financial Outlook

23 May 2022

Contributed by Lukas

Doug Offerman, Senior Director for Canadian provincial ratings, and Kelli Bissett-Tom, Director for the Canada rating, discuss the credit impact of th...

Sustainability Landscape & Islamic Finance in GCC

12 May 2022

Contributed by Lukas

Saif Shawqi, Associate Director, Islamic Finance, and Bashar Al Natoor, Global Head of Islamic Finance, discuss the development of ESG-related produc...

Chile - Post-Inauguration Expectations

14 Apr 2022

Contributed by Lukas

Shelly Shetty, Managing Director, Sovereigns, and Richard Francis, Senior Director, Sovereigns, explore the economic and fiscal outlook for Chile in 2...

Turkey’s post-downgrade economic outlook

22 Mar 2022

Contributed by Lukas

Senior Sovereign Ratings Directors Jan Friederich and Erich Morales discuss the economic outlook and operating environment in Turkey following Fitch's...

Macroeconomic Outlooks on Central and Eastern Europe

28 Feb 2022

Contributed by Lukas

Paul Gamble, Senior Director of Sovereign Ratings, and Malgorzata Kleniewska Wodtke, Senior Director of Financial Institutions, discuss the macroecono...

India’s Fiscal Outlook after the Budget

21 Feb 2022

Contributed by Lukas

Thomas Rookmaaker, Head of Asia-Pacific Sovereign Ratings, and Jeremy Zook, Sovereigns Director, Lead Analyst for India, discuss the implications of I...

Ghana’s Downgrade with Negative Outlook and Zambia’s G20 Common Framework Prospects

21 Jan 2022

Contributed by Lukas

Toby Iles, Head of Middle East and Africa Sovereign Ratings, and Jermaine Leonard, Sovereigns Director, Lead Analyst for Ghana and Zambia, discuss the...

What’s Next for Irelands’ Sovereign Rating

21 Dec 2021

Contributed by Lukas

Michele Napolitano, Head of Western Europe Sovereigns and Malgorzata Glowacka, Associate Director, discuss the findings of Fitch’s recent special re...

Inflation Fears Take Centre Stage

13 Dec 2021

Contributed by Lukas

Shelly Shetty, Head of Americas and Asia Pacific Sovereigns and Brian Coulton, Chief Economist, discuss the policy implications of increasing inflatio...

Andorran Banks - Navigating Challenges Ahead

15 Nov 2021

Contributed by Lukas

Cristina Torrella, Senior Director, Financial Institutions, and Fernando Sanchez, Lead Analyst for Andorran banks, discuss latest developments in the ...

Sovereign Trends in the Andean Region

04 Nov 2021

Contributed by Lukas

Shelly Shetty, Managing Director, Sovereigns, and Richard Francis, Senior Director, Sovereigns, discuss how elevated commodity prices and the reopenin...

Assessing Cyber Risk at Banks and Insurance Companies

20 Oct 2021

Contributed by Lukas

Shelly Shetty, Managing Director, Sovereigns, and Marjan van der Weijden, Global Head of Financial Institutions, explore how cyber risk can be assesse...

Central America - Macroeconomic Outlook and Recovery

29 Sep 2021

Contributed by Lukas

Shelly Shetty, Managing Director, Americas Sovereigns, and Carlos Morales, Director, Latin America Sovereigns, discuss the macroeconomic and fiscal ou...

GCC Update - Budgets, Oil Prices and Reform Prospects

02 Sep 2021

Contributed by Lukas

Jan Friederich, Head of MEA Sovereigns, and Toby Iles, Lead GCC Sovereign Analyst, discuss GCC fiscal prospects amid higher oil prices, Oman’s mediu...

Canada Banks - Calm in Stormy Waters

06 Aug 2021

Contributed by Lukas

Mark Narron, Senior Director, Financial Institutions, and Kelli Bissett-Tom, Director, Americas Sovereign Ratings, talk rating implications for Canadi...

Argentina and Ecuador - Tackling Policy Challenges Ahead

19 Jul 2021

Contributed by Lukas

Shelly Shetty, Managing Director, Americas Sovereigns, and Todd Martinez, Senior Director, Americas Sovereigns, explore the macroeconomic and politica...

Rule of Law and Sovereign Ratings in Central and Eastern Europe

07 Jul 2021

Contributed by Lukas

Paul Gamble, Head of Emerging Europe Sovereigns, and Arvind Ramakrishnan, Director, discuss the rising prominence of rule of law issues in CEE and how...

Mexico's Prospects After the Mid-Term Congressional Elections

18 Jun 2021

Contributed by Lukas

Shelly Shetty, Managing Director, Americas Sovereigns, and Charles Seville, Co-Head of Americas Sovereign Ratings, discuss the potential economic impl...

NextGen EU

14 Jun 2021

Contributed by Lukas

Michele Napolitano, Head of Fitch’s Western Europe Sovereign Ratings, and Ed Parker, Head of EMEA Sovereign Ratings, discuss the impact of the Next ...

US Inflation Pressures, Bond Yields and the Fed

25 May 2021

Contributed by Lukas

Elevated debt levels in the wake of COVID-19 have exposed borrowers to global interest rate risks. Join Tony Stringer, Chief Operating Officer, Sovere...

Fitch Presents "China Perspectives"

14 May 2021

Contributed by Lukas

How will China’s 14th Five-Year Plan impact its medium-term growth prospects? Will the Chinese yuan soon challenge the US dollar as one of the world...

EM Taper Tantrum Risks

07 May 2021

Contributed by Lukas

Ed Parker, Head of Fitch’s EMEA Sovereign Ratings, and Tony Stringer, a Managing Director in the Sovereigns Group, discuss the risks facing emerging...

Colombia - Economic, Fiscal and Ratings Outlook

29 Apr 2021

Contributed by Lukas

Shelly Shetty, Managing Director, Americas Sovereigns, and Richard Francis, Senior Director & Primary Analyst on Colombia, discuss Colombia’s ec...

Revision of Turkey’s Outlook to Stable

17 Mar 2021

Contributed by Lukas

Paul Gamble, Head of Emerging Europe Sovereigns and Douglas Winslow, Director, discuss Fitch’s the revision of the Outlook on Turkey’s ratings to ...

GCC Update

09 Feb 2021

Contributed by Lukas

Jan Friederich, Head of Middle East & Africa Sovereigns and Krisjanis Krustins, Director covering GCC sovereign ratings, discuss GCC ratings in li...