[unable to retrieve full-text content] Read Full Article at RT.com
Tag: FITCH
Fitch upgrades Russia’s credit rating from stable to positive
Published time: 24 Sep, 2017 01:29 In a press release, the Fitch credit agency has upgraded Russia’s sovereign credit rating from “stable” to “positive,” though it also predicted that economic growth will be slow and oil revenues will not rise to the heights of the early 2010s for some time. In a statement issued on Friday, […]
Abercrombie & Fitch is surging after posting a smaller-than-expected loss (ANF)
Abercrombie and Fitch Facebook U.S. teen apparel retailer Abercrombie & Fitch Co posted a much smaller than expected quarterly loss on Thursday, helped by robust demand for its Hollister brand, sending the company’s shares soaring nearly 20 percent. Hollister, the retailer’s California beach-themed brand of surfwear, reported a 5 percent rise in comparable sales in […]
Fitch downgrades South Africa to ‘junk’
Thomson Reuters (Reuters) – Ratings agency Fitch downgraded South Africa’s credit rating to sub-investment grade on Friday, saying a recent cabinet reshuffle that saw respected finance minister dismissed will likely result in a change in economic policy direction. Fitch changed its outlook for South Africa to stable from negative. Fitch’s downgrade to BB+ from BB- […]
FITCH: Here’s how much cash Sears needs to survive
Thomson Reuters Sears Holdings (NASDAQ:SHLD) has assets and a few cards left to play, but it also has a crushing amount of debt that seems to make the retailer’s efforts to survive an exercise in futility. The company could forestall its death by selling off the rest of its house brands, mortgaging its remaining real […]
