Fitch: Kuwait Rated AA with Stable Outlook
Monday, 15th August 2016
Fitch ratings stated that Kuwait was rated AA with a stable outlook, and the country has an exceptionally strong fiscal position, yet it has achieved smaller fiscal consolidation than other regional countries, based on the new state budget approved at the beginning of August.
Fitch Hints to Downgrade Major Oil Companies
Wednesday, 27th January 2016
Fitch Ratings Agency stated that weak oil prices in 2016 will leave five out of seven large oil companies with financial leverage above the required level, hinting looming downgrading. Total is to make the sharpest cuts in its investments - of up to 49% and in shareholder returns among all oil majors in Europe.