Fitch Research

Fitch Research

Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.

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Latest Reports from Fitch Research
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NameDate
Joint Stock Commercial Bank For Foreign Trade of Vietnam - Ratings NavigatorOct 15, 2026
...Joint Stock Commercial Bank For Foreign Trade of Vietnam Ratings Navigator ## October #### Ratings Long Term Issuer Default Rating BB+ Stable Viability Rating bb Government Support Rating bb+ Sovereign Risk (Vietnam) Country Ceiling BB+ Long Term Issuer Default Rating...
Eni Plenitude S.p.A. Societa BenefitOct 15, 2026
...Eni Plenitude S.p.A. Societa Benefit Eni Plenitude S.p.A. Societa Benefit's Long-Term Issuer Default Rating (IDR) benefits from a two-notch uplift from the Standalone Credit Profile (SCP), reflecting links with its stronger parent, ENI...
Vietnam Joint Stock Commercial Bank for Industry and Trade - Ratings NavigatorOct 15, 2026
...Vietnam Joint Stock Commercial Bank for Industry and Trade Ratings Navigator ## October #### Ratings Long Term Issuer Default Rating BB+ Stable Viability Rating b+ Government Support Rating bb+ Sovereign Risk (Vietnam) Country Ceiling BB+ Long Term Issuer Default Rating...
IRB Infrastructure Developers LtdOct 15, 2026
...IRB Infrastructure Developers Ltd Fitch Ratings expects India-based IRB Infrastructure Developers Ltd's financial profile to remain commensurate with the Long-Term Issuer Default Ratings of 'BB+' with Stable Outlook. Our view is based on our projection of its...
Cabo Verde - UpdateOct 15, 2026
...Update ## October #### fitchratings.com # Sovereigns Cape Verde Cabo Verde Update Latest Credit Developments Positive Outlook: Fitch Ratings revised the Outlook on Cabo Verde to Positive, from Stable, in April ####. This reflects continued fiscal consolidation underpinned by...
Banestes S.A. - Banco do Estado do Espirito Santo - Credit CommentOct 15, 2026
...Banestes S.A. - Banco do Estado do Espirito Santo Credit Comment VR and SSR Aligned: Although Banestes S.A. ­ Banco do Estado do Espirito Santo's (Banestes) Issuer Default Ratings (IDRs) are driven by the potential for shareholder support, as...
Lavender Dutch BorrowerCo B.V.Oct 15, 2026
...Lavender Dutch BorrowerCo B.V. Fitch Ratings's affirmation of Lavender Dutch BorrowerCo B.V.'s (Vestacy) Long-Term Issuer Default Rating (IDR) at 'BB-' with a Positive Outlook reflects the company's progress in its separation from Reckitt, including...
Pinnacle Bidco plcOct 15, 2026
...Pinnacle Bidco plc Fitch Ratings' upgrade of Pinnacle Bidco plc's (PureGym) Long-Term Issuer Default Rating (IDR) to 'B', from 'B-', reflects strong business performance and projected EBITDA growth, supporting leverage consistent with the 'B' rating despite higher debt...
Industry Profile and Operating Environment: U.S. Health Insurance 2026Oct 15, 2026
...Profile October ##, #### fitchratings.com # Insurance Health Insurers United States Industry Profile and Operating Environment: U.S. Health Insurance Regulatory Oversight Fitch Ratings views U.S. insurance regulation as highly developed, relatively transparent and effective. Insurance regulation is...
Home Credit Bank JSC (SB of ForteBank JSC) - UpdateOct 15, 2026
...Home Credit Bank JSC (SB of ForteBank JSC) Update Key Rating Drivers Home Credit Bank JSC (SB of ForteBank JSC)'s (HCBK) Long-Term (LT) Issuer Default Ratings (IDRs) are driven by its `bb-' Viability Rating (VR) and underpinned by...
Poplar Housing and Regeneration Community Association LimitedOct 15, 2026
...Poplar Housing and Regeneration Community Association Limited Poplar Housing and Regeneration Community Association Limited is a government-related entity (GRE) of the United Kingdom (AA-/Stable) and Fitch Ratings has 'Strong Expectations' that the state would provide support to Poplar...
Singapore Life Holdings Pte. Ltd.Oct 15, 2026
...Singapore Life Holdings Pte. Ltd. Key Rating Drivers Strong Capitalization with Low Leverage: Singapore Life Holdings Pte. Ltd.'s (SLH) capital strength, as measured by the Fitch Prism Global Model, remained 'Extremely Strong' on a consolidated basis at end-####...
Mexican Insurers - Peer Review September 2026Oct 15, 2026
...Insurance Latin America Peer Review October ##, #### fitchratings.com # High Influence of Company Profile on Ratings Relevant Business Profile: Mexican insurers generally operate with focused business models, leveraging recognizable franchises and established distribution networks. Each company operates in...
Banco Inbursa, S.A., Institucion de Banca Multiple, Grupo Financiero InbursaOct 15, 2026
...Banco Inbursa, S.A., Institucion de Banca Multiple, Grupo Financiero Inbursa Key Rating Drivers Resilient Credit Profile: Banco Inbursa, S.A., Institucion de Banca Multiple, Grupo Financiero Inbursa's (BInbursa) ratings are driven by its intrinsic strength and reflect its...
Oddo BHF SCAOct 15, 2026
...Oddo BHF SCA Key Rating Drivers Group Ratings: Fitch Ratings assigns group ratings to Oddo BHF SCA and Oddo BHF SE (together Oddo BHF), which are the group's core banks. This is because we believe the credit profiles of...
Consubanco, S.A., Institución de Banca MúltipleOct 15, 2026
...Consubanco, S.A., Institucion de Banca Multiple Factores Clave de Calificacion Liderazgo en Creditos de Nomina Favorece Perfil de Negocio: Las calificaciones de Consubanco, S.A., Institucion de Banca Multiple (Consubanco), consideran su perfil de negocio favorable, respaldado por una...
Prudential plcOct 15, 2026
...Prudential plc and Core Insurance Subsidiaries Key Rating Drivers Robust Profitability Metrics: Prudential plc's return on equity (ROE) compares favourably with Fitch Ratings' criteria guidelines for the 'AA' IFS Rating category. Average ROE was nearly ##% from #### to...
PT Pertamina (Persero)Oct 15, 2026
...PT Pertamina (Persero) The Standalone Credit Profile (SCP) of PT Pertamina (Persero) was raised to `bbb' from `bbb-' in May #### due to improvement in the timeliness of the Indonesian government's compensation payments to Pertamina for selling certain fuels...
Cixi State-owned Assets Investment Holding Co., Ltd.Oct 15, 2026
...Cixi State-owned Assets Investment Holding Co., Ltd. The ratings on Cixi State-owned Assets Investment Holding Co., Ltd. (CXSI) reflect its unchanged policy role as a core government- related entity (GRE) under the Cixi municipal government. CXSI consolidates around...
Bharti Airtel LimitedOct 15, 2026
...Bharti Airtel Limited The Stable Outlook reflects significant headroom in Bharti Airtel Limited's ratings, given its strong market position across a diversified range of business segments and geographical regions, large EBITDA scale, high profitability, positive free cash flow (FCF...