Fitch Ratings' proportion of Negative Outlooks and Watches for global financial institutions (FIs), net from Positive, was in line with pre-pandemic levels at 6% at end-June 2022, but risks are skewed to the downside amid deteriorating economic indicators, particularly in emerging markets (EMs), Fitch Ratings says in a new report. Bank downgrades exceeded upgrades again in 2Q22, reflecting operating environment deterioration in some EMs as well as weaker profitability and capitalisation. Nevertheless, this was offset by sovereign-driven Outlook revisions to Positive from Stable (Saudi Arabia and Guatemala) and to Stable from Negative (India and Uganda).

https://www.hellenicshippingnews.com/global-financials-ratings-stabilisation-slows-as-economic-risks-rise/

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