Breaking news: El Salvador is on the up-and-up as Fitch Ratings upgrades its rating! Join us in celebrating this financial feat and what it means for the future!
In a notable development for Central America, Fitch Ratings has recently upgraded El Salvador's Long-Term Foreign Currency Issuer Default Rating (IDR) from 'CC' to 'B-'. This improvement signals a cautious optimism for the country's financial landscape, highlighting its resilience against the economic challenges that loomed large in the past. El Salvador, known for its scenic beaches and rich culture, is now making waves in the financial sector, showcasing potential growth and stability that investors are eager to see.
Furthermore, Fitch Ratings will host a virtual 2025 North America Credit Outlook webinar series on January 15 and 16. This event promises to deliver crucial insights on market trends, particularly for investors looking to navigate the post-pandemic recovery landscape. With experts on hand to dissect credit risk and investment opportunities, the webinar serves as an essential platform for anyone looking to grow their investment portfolio in a rapidly changing economic environment.
On the global stage, the outlook for Sukuk, a type of Islamic bond, is also brighter than ever, with Fitch anticipating outstanding global sukuk to surpass USD 1 trillion in 2025. This indicates a robust demand for sukuk, especially in Organisation of Islamic Cooperation (OIC) countries, where these instruments play a significant role in financial markets. With their unique framework that aligns with Islamic law, sukuk continues to be a sought-after investment vehicle for those looking to diversify their portfolios while adhering to ethical standards.
In a related note, Fitch has recently affirmed the ratings of several key players in the market, including Thai Beverage and U.S. Steel, indicating a stable financial outlook for these firms despite the global economic fluctuations. As these giants in their respective industries remain resilient, they contribute positively to the overall market atmosphere, further fueling investor confidence.
Interestingly, did you know that El Salvador is the first country in the world to adopt Bitcoin as legal tender? This bold move reflects their innovative spirit and desire to attract investment. Additionally, the weight of global sukuk offerings reaching USD 1 trillion means that more investors are taking ethical financial routesโa trend that looks to be rising in popularity in today's economic climate!
Fitch Ratings-New York-07 January 2025: Fitch Ratings has upgraded El Salvador's Long-Term Foreign Currency Issuer Default Rating (IDR) to 'B-' from 'CC.
Fitch Ratings-New York-07 January 2025: Please join us for Fitch Ratings' virtual 2025 North America Credit Outlook events on January 15 and 16 for cruc.
Outlook: Fitch Ratings expects outstanding global sukuk to cross USD1 trillion in 2025, remaining a key part of the debt capital market (DCM) in a number of Organisation of Islamic Cooperation (OIC) countries. We also expect sukuk to remain significant ...
Fitch Ratings-Singapore-07 January 2025: Fitch Ratings has affirmed Thai Beverage Public Company Limited's (ThaiBev) Long-Term Foreign-Currency Issuer D.
Allschwil, Switzerland, January 08, 2025 Basilea Pharmaceutica Ltd, Allschwil (SIX: BSLN), a commercial-stage biopharmaceutical company committed to...
Fitch Ratings-New York-07 January 2025: Fitch Ratings has affirmed United States Steel Corporation's (U. S. Steel) Issuer Default Rating (IDR) at 'BB'.