01Insights

None available at this time

Environmental, Social & Governance

ESG Relevance Scores for Corporates

ESG risks generally have a low level of direct impact on credit ratings (less than 3%), and the impact is heavily asymmetric on the downside–as ratified in our initial round of ESG Relevance Scoring.

Ratings

Thinking of Being Rated?

Dedicated to providing value beyond the rating through independent and prospective credit opinions, we offer global perspectives shaped by strong local market experience and credit market expertise.

02Corporates Navigator

Navigator Interactive

Ratings Navigator is a visual overview of the key quantitative and qualitative factors Fitch analyzes to arrive at an entity ’s credit rating. Power your rating simulations for Corporates with the new Navigator Interactive—a graphical web-based tool, using the same observations underlying Fitch’s own Navigator snapshots. Fitch Ratings Corporates Credit Research subscribers can access it here.

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Why Forum

Why “Perverse Incentives” Are Hurting the Solar Market

Growth in residential solar panel installations has sputtered in recent years and an eerie parallel from a decade ago — namely elements of the mortgage crisis — may be part of the reason.

03Special Reports

04Oil & Gas Price Assumptions

Our Approach

Criteria

Criteria explain our forward-looking ratings approach. Criteria reports identify rating drivers and assumptions, and highlight the scope and limitations of our analysis.

05Webinars

06Videos

High Hydrocarbon Prices to Test European Majors’ Transition Pledges

High Hydrocarbon Prices to Test European Majors’ Transition Pledges

Credit Outlook 2023 - North America Energy (Oil & Gas) Outlook in 2023

Credit Outlook 2023 - Global Mining Sector Outlook Weakens on Reduced Profits, Cashflow

Credit Outlook 2023 - Prices to Aid APAC Oil & Gas’s Stable Credit Metrics; Downstream Recovery

Credit Outlook 2023 - Deteriorating Outlooks on Half of APAC Corporate Sectors Amid Weaker Macro Backdrop

Credit Outlook 2023 - Global Oil & Gas Sector’s Profits are High Despite Windfall Taxes

Credit Outlook 2023 - Asia-Pacific Power Demand Growth to Stabilise, Energy Transition to Continue

Indonesia’s JETP May Accelerate Energy Transition

Higher Corporate Renewable Power Purchases in India to Benefit Key Stakeholders

APAC Corporates Step up Bond Buybacks Amid Rising Rates

Australian Corporate Issuer Expectations Dampened by Cost and Labour Challenges

OPEC+ Actual Oil Output Fall to be Lower than Production Quota Cuts

A Shift to Clean Energy Will Tighten Metals Markets

Financial Leverage to Improve for Japan’s Top-100 Corporates

Global Food Price Inflation Likely to Fall Sharply in 2023

EU Companies Still Face Gas Halt Risk Despite Nord Stream Restart

2022 Mid-Year Outlook - APAC Corporate Sector Outlooks Shift Amid Global Shocks

2022 Mid-Year Outlook - Global Corporates are Adequately Equipped to Weather Risks in 2022

APAC ‘BBB-’ and ‘BBB’ Corporates: Stagflation Downgrade Risk

EU’s Russian Oil Ban to Redirect Trade Flows, Prop up Prices

EU Utilities Face Accelerated Systemic Shift in Energy Market

Impact of Adverse Economic Scenario on EMEA Corporates

Indian Renewable Power Generators Face Modest Gains from Spiking Power Demand

Ukraine War Intensifies Low-Carbon Supply-Chain Disruptions

Latin American Corporates Top 10 What Investors Want to Know 2022

2022 Credit Outlook - Base Metals Demand Growth Supports Global Mining Sector Outlook

2022 Credit Outlook - Financial Discipline Supports Global Oil Gas Sector Outlook

2022 Credit Outlook - APAC Corps Neutral Outlook Overall, China Property Worsening

2022 Credit Outlook - Neutral Sector Outlook Maintained for EMEA Renewable Energy

2022 Credit Outlook - APAC Power Demand and Energy Transition to Accelerate

Chinese Coal, Steel and Cement Firms to See Further Consolidation

China’s SOEs to See Greater Differentiation of State Support

FitchCast Middle - Focus on Middle Eastern oil & gas credit markets

India’s Second Wave Manageable for Most Companies; Swift Rebound Expected in Auto Demand

A Higher US Corporate Tax Rate Is Not a Key Credit Risk Driver

Water, Air Quality, Energy, Biodiversity & Extreme Climate Issues to Affect Credits

US Climate Policy May Alter Some US Corporate Business Models

Fitch Long Term ESG Vulnerability Scores

Keystone Executive Order Sets Precedent for NA Midstream Energy

APAC Corps to Recover in 2021, but Cash Flow Weaker than 2019

Mexican Energy - Update of Regional Trends and Credit Outlook

APAC Corporate Earnings Improving; Still Face Pandemic Strain

China’s Gas Reform Credit Neutral for NOCs; Positive for Large Distributors

Coronavirus Not the Only Challenge for Corporate Ratings

Coronavirus Spurs Material Increase in LATAM Corporate Fallen Angels

Reopening of Australia’s Economy Has Varying Impact Across Corporate Sectors

Latam Oil & Gas See Profitability Hit Severely in 2020

ESG Credit Quarterly Q1 2020

OPEC+ Deal Reduces Downside Risks, Surplus Not Eliminated

Oil Shock Compounds Sovereign Credit Risks from Coronavirus

Saudi Aramco Posts Strong Cash Flows

Factors Driving State Support in Corporate GRE Ratings in Asia

Credit Outlook Conference 2019 - Trend of deleveraging in China

Credit Outlook Conference 2019 - The role of SOEs in China economy going forward

07Podcasts

08Sector Analysts

Saverio Minervini
Corporate Ratings - LATAM
Senior Director
+1 212 908 0364 |

Angelina Valavina
Corporate Ratings - EMEA
Managing Director
+44 20 3530 1314 |

Ying Wang
Corporates - APAC
Managing Director
+86 21 6898 7980 |

Lucas Aristizabal
Corporate Ratings - North America
Managing Director
+1 312 368 3260 |

09Business Contacts

Jill Zelter
Global Head of Corporates and Structured Credit
Managing Director
+1 212 908 0774 |

Kathleen Holtzman
Head of LATAM Sovereigns & Corporates, BRM
Managing Director
+1 212 908 9103 |

Sing Chan Ng
Co-Head of APAC, BRM
Managing Director
+65 6796 7210 |

Matthew De Mendonca
BRM Corporates - North America
Managing Director
+1 646 582 4707 |

Sean Costello
BRM Corporates - EMEA
Managing Director
+44 20 3530 1883 |

Aymeric Poizot
Global Head of
Investor Development
+33 1 44 29 92 76 |