Fitch Ratings

Fitch Ratings Fitch Ratings is a leading provider of credit ratings, commentary and research.

Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; BMI Research, an independent provider of country risk and industry analysis specializing in emerging and

frontier markets; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is majority owned by Hearst.

09/02/2026

Fitch Ratings’ latest Peer Credit Analysis on European High Yield Diversified Industrials and Capital Goods highlights several pressures facing rated entities in 2H26, including continued weak demand in certain key markets and increasing competition from lower cost peers in developing countries.

Despite these challenges, Fitch expects underlying demand to improve in 2H26. Combined with generally strong market positions, this is expected to limit the number of negative rating actions in the near term.

Read the full report: https://ow.ly/5QHq50ZHB0c

09/01/2026

What will shape the reinsurance market in 2027? Join Fitch Ratings' annual Global Reinsurance Outlook briefing webinar this Thursday, 3 September to find out.

Brian Schneider, Manuel Arrive and Sabine Bauer, will deliver Fitch’s 2027 Global Reinsurance Outlook, addressing key themes, growth drivers, and challenges on the horizon next year. They'll explore trends in pricing and market dynamics, financial performance and capital management, as well as the risk and opportunities to watch in 2027.

Register now: https://ow.ly/Wre250ZFJfY

08/28/2026

Fitch Ratings' latest European Corporates Distressed and Default Monitor: August 2026 highlights rising forward-looking stress, with Market Concern lists continuing to signal pressure across European leveraged credit.

The European leveraged loan trailing 12-month default rate rose to 2.4% in July, while the high-yield rate edged down to 2.2%.

Read more: https://ow.ly/BQl350ZFv7f

08/28/2026

As the reinsurance industry prepares to gather for the 68th Rendez-Vous de Septembre, start the week with fresh market insight at our breakfast briefing in Monte Carlo on Sunday 6 September.

Hear from Brian Schneider and Manuel Arrive as they unpack the 2027 Global Reinsurance Outlook, addressing key themes, growth drivers, and challenges on the horizon for the year ahead.

A great opportunity to get ahead of the week's conversations and connect with the Fitch team on the ground.

Find out more and register now: https://ow.ly/gviV50ZFK41

08/27/2026

The countdown is on!

We're looking forward to the 68th edition of the Rendez-Vous de Septembre in Monte Carlo, 5–9 September 2026.

As renewals approach, now is the time to take stock of the reinsurance market. Fitch Ratings' analytical and business teams will be attending and are keen to connect with market participants throughout the event.

Visit us at the Fairmont Hotel Premium Space PL, Tables 11 & 12, or reach out to David Turner to arrange a meeting.

For more information: https://ow.ly/17EX50ZFL1w

08/27/2026

Fitch Ratings' latest European Leveraged Finance Monitor: 2Q26 finds that markets remained relatively resilient despite the disruption from the Iran war, which temporarily weighed on activity in March and early April.

While geopolitical developments and broader macro risks have increased uncertainty, credit conditions remain intact, supporting Fitch Ratings' core credit outlook for 2026.

Read more: https://ow.ly/vpCc50ZFuIj

08/26/2026

European equipment lessors face challenges in the coming months.

Slowing construction, weaker macroeconomics and prolonged higher interest rates are weighing on rental demand. Inflation risks and geopolitical uncertainty add further pressure.

Fitch's latest peer review explores what's driving rating differences, and where long-term opportunity lies.

Read the full report: https://ow.ly/WKeT50ZEU5l

08/25/2026

Europe's four largest reinsurers — Munich Re, Swiss Re, Hannover Re and SCOR — posted a record average ROE of 21.5% in 1H26, even as P&C revenue fell 9.4% amid softening market conditions.

An improved combined ratio of 76.9% and below-budget natural catastrophe losses reflect the benefits of prioritising profitability over growth.

Learn more: https://ow.ly/cehi50ZENqP

For more on reinsurance, don't miss Fitch's Global Reinsurance Outlook series in September. Visit the series hub to find out more and register to join a market briefing. Register here: https://ow.ly/xXBF50ZENqS

08/25/2026

Large European banks have been closing the profitability gap with their US and APAC peers.

Average ROE rose to 11.9% in FY25, up from 8.9% in FY22, narrowing the distance to North American peers (12.8%) and outpacing APAC (11.4%). Cost discipline has been a key driver, with the average cost/income ratio falling from 60.4% to 53.7%. Net interest margins also rose 20bp in Europe, nearly double the 10bp gain seen in North America.

We expect regional profitability differences to broadly stabilise in FY26-FY27, although risks remain, with our 2026 banking sector outlooks for France, Germany and the UK reflecting uncertainty linked to spillovers from the Iran war.

Learn more: https://ow.ly/RErF50ZEqVQ

08/24/2026

What drives ratings for EMEA financial guarantors?

Diversification, governance, capital adequacy and shareholder support are the key factors shaping credit profiles in a sector defined by specialised models and concentrated exposures.

Fitch's latest commentary breaks down our analytical approach.

Learn more: https://ow.ly/pMBj50ZCsEk

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