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Non-Bank Financial Institutions

Fitch Ratings’ coverage of Non-Bank Financial Institutions is growing, with over 700 entities rated globally across 13 different subsectors. Stay up-to-date on the latest research, rating actions and analysis on NBFIs by signing up for periodic updates from Fitch.

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01Insights

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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.

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02Webinars

03Events

Fitch Solutions

Go Beyond

Make better-informed credit decisions with access to an expanded suite of Non-Bank Financial Institutions research produced by expert Fitch Ratings analysts.

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04Videos

India’s Retail Central Bank Digital Currency Project Makes Headway

India’s Retail Central Bank Digital Currency Project Makes Headway

Canadian Pension Funds to Weather Challenging Operating Environment

China’s Recovery Reduces Risks to APAC Sector Mid-Year Outlooks

China’s Evolving Financial Holding Companies Regulation Curtails Risks

Indian NBFIs’ Buoyant Risk Appetites Could Carry Long-Term Risks

China’s Financial Regulatory Overhaul Aims to Bridge Regulatory Gaps

U.S. Bank Fallout Extends to Various Non-Bank Financial Sectors

Credit Outlook 2023 - Continued Domestic Growth, Adequate Liquidity Support APAC Emerging-Market Fincos

Credit Outlook 2023 - Macro Backdrop to Challenge Asset Values, Credit Quality for North American FinCos

Credit Outlook 2023 - Developed and Emerging Europe Finco Outlook Deteriorating as Rates Rise Funding Tightens

Credit Outlook 2023 - Investment Managers Face Tough Investment Climate in 2023

Vietnam’s Policy Tightening Heightens Property Sector Refinancing Risk

China Accelerates NPL Resolution to Mitigate Risks at Smaller Banks

U.S. Buy Now Pay Later Challenged by Rising Credit and Funding Costs

India’s Fintech Regulation Set to Tighten Further

2022 Mid-Year Outlook - Inflation, Rate Rises, Stagflation Undermine Sector Outlooks

Decentralised Finance May Divide into Regulated and Unregulated

Chinese Developers’ Funding

2022 Credit Outlook - Economic Recoveries Drive Global Financial Sector Outlooks in 2022

SME and Microfinance Stress to Raise NPLs for Indian NBFIs

2022 Credit Outlook - North American and European Securities Firms Outlooks Neutral for 2022

2022 Credit Outlook - Pro-Cyclical Postures and Rate Views May Test Financial Policies

2022 Credit Outlook - Global Investment Managers Resilient to 2022 Challenges

2022 Credit Outlook - Neutral US BDC Outlook Driven by Solid Financial Profiles

South-East Asia Fintechs’ Path to Profitability Key as Adoption Gains Pace

Global Non-Bank Financial Institutions Footprint

Regulatory Risk a Key Factor Influencing Chinese Internet Issuers’ Credit Profiles

Central Bank Digital Currencies May Disrupt Financial Systems

Rating Outlooks for Financial Institutions Begin to Stabilize

China’s Fintech Evolves on Fast Track, Diversified Applications

China’s Tougher Online Loan Rules Unlikely to Hurt Rated Banks

The Rise of Consumer Finance in China to Bolster Consumption

Chinese Securities Firms Enjoy High Profitability vs APAC Peers

China Shadow-Financing Sector Faces Rising Asset Impairment

Lure of Higher Inflows to Fuel ESG Fund Launches Post-Coronavirus

U.S. Financials See Rising Risk from Cash Products Amid Libor Sunset

Credit Outlook 2020 - Q&A: What's in Store for Credit in 2020?

Credit Outlook 2020: Outlook for Credit Quality in a Global Slowdown

Credit Outlook 2020: Fitch's Approach to ESG

2019 Milken Institute Asia Summit - China: Pathways to Prosperity in an Uncertain Era

2019 Global Banking Conference HK – Shadow Banking Risks in APAC

2019 Global Banking Conference HK – How ESG Risk Influence Financial Institutions’ Ratings

2019 Late Cycle Roundtable – What Peak Cycle Conditions and Economic Deceleration Means for U.S. Leveraged Finance

2019 Global Banking Conference NY – Corporate/Commercial Credit Risks

FT-Fitch Global Banking Conference - China has shown a decrease in shadow financing, will this trend continue?

FT-Fitch Global Banking Conference - How does China view Shadow Banking and does it compare to the US?

FT Live - Countering Challenges to be on Top - Banks vs. The Disruptors

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Credit Encyclopedia Series: Decentralised Finance

Our comprehensive guide covers everything from the characteristics of the DeFi ecosystem, the ratings considerations, key risk factors and regulatory considerations in the space, and more.

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05Sector Analysts

Jonathan Lee
Non Banks - APAC
Managing Director
+886 2 8175 7601 |

Christian Kuendig
Non Banks – EMEA
Managing Director
+44 20 3530 1399 |

Alejandro Garcia
Financial Institutions - LATAM
Managing Director
+1 212 908 9137 |

Meghan Neenan
Non Banks – North America
Managing Director
+1 212 908 9121 |

Nathan Flanders
Non Banks – North America
Global Head
+1 212 908 0827 |

06Business Contacts

Jose Santos
Global Head of Financial Institutions
Business & Relationship Management
+34 93 323 9044 |

Erwin Van Lumich
Global Head of Non-Bank Financial Institutions
Managing Director
+34 93 323 8403 |

Ka Yee Chan
BRM Regional - APAC
Senior Director
+852 2263 9985 |

Diego Alcazar
Head of Financial Institutions - LATAM
Senior Director
+1 212 908 0396 |

Brian Harris
Head of North America Non-Bank Financial Institutions
Senior Director
+1 646 582 4501 |