2023
Oct 19
Video
惠誉聚焦中国 - 中国城投企业加快转型步伐，或影响其独立信用状况
许多中国地方政府投融资平台（城投企业）正越来越多地参与提振地方经济，尤其是在经济发达地区。这些城投企业逐步由地方基础设施建设融资平台转型为地方产业投资平台。城投企业加快转型步伐，通过将公益项目与相关且具盈利能力的商业化项目结合来避免新增隐性债务。在调整后的运营模式下，政府支持将较为间接且不具约束力。不过，如果企业的经营性现金流低于预期，地方政府或仍有动力向其提供特别支持。这种转变可能对企业的信用状况产生影响，不过实际影响或因个体而异。
More from Video
2025
Jul 11
Brazil’s Data Center Industry to Benefit from Policy Support
The Brazilian government’s new policy proposals could boost the country’s attractiveness for hyperscalers looking to establish data centers in Latin America and accelerate the development of Brazil’s nascent data center industry.
Políticas Públicas Devem Beneficiar Indústria Brasileira de Data Centers
As políticas propostas pelo governo para o setor de data centers podem atrair grandes empresas de tecnologia (hyperscalers), que buscam se estabelecer na América Latina e acelerar o avanço de um setor incipiente no país.
Jul 09
Cyber Attack Credit Risk Reduced by Operational Resiliency, Vigilance
Recent cyberattacks on U.S. insurers, U.K. retailers and an Asian airport highlight the growing threat of cyber risk across all industries and regions, but prioritizing cyber resiliency can reduce the negative credit impact of these.
Higher NATO Pledge Compounds Europe’s Fiscal Consolidation Challenges
NATO members’ pledge to increase defence spending to 5% of GDP by 2035 underscores how geopolitics is compounding European sovereigns’ fiscal challenges.
Jul 07
Global Economic Outlook – Better, But Not Good
Brian Coulton, Chief Economist, and Ed Parker, Sovereigns Managing Director, discuss Fitch’s mid-year Global Economic Outlook, focusing on global growth forecast updates since April and how tariffs are driving key changes to projections.
Trade War, Policy Uncertainty Undermine 2025 Global Credit Outlook
The mid-year review of Fitch’s 2025 sector and structured finance asset performance outlooks revealed a material deterioration in our expectations for key sectoral credit drivers since the beginning of 2025.
Jun 30
Global Port Sector Mid-Year Outlook Deteriorating in NA/EMEA; Neutral in LatAm/APAC
Fitch has adjusted its mid-year outlook for the port sectors in North America and EMEA to ‘deteriorating’ due to higher vulnerability to tariff-induced pressures, while APAC and Latin American port sectors maintain a ‘neutral’ outlook.
Jun 26
Ratings of Asian Government-Related Entities Benefit More from State Support
Fitch Ratings’ Global Government-Related Entities (GRE) Data Comparator shows Asian entities receive stronger government support, decision-making control, and oversight than global peers.
Jun 25
Global Corporates at Mid-Year - Sector Outlooks Deteriorates on Tariffs Pressure
The credit outlook for global corporates has worsened in 2025, with 14 sectors and sub-sectors deteriorating at mid-year vs. 5 at end-2024. Justin Patrie and Carla Taylor, Head of Research for the Americas, discuss the drivers and implications.
Global Sovereigns Outlook Revised to Deteriorating on Tariffs, Uncertainty
Fitch has revised the 2025 global sovereigns outlook to ‘deteriorating’ from ‘neutral’, reflecting the increase in tariffs and policy uncertainty, which will weaken the global growth outlook and heighten the risk of more testing financing conditions.
