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Fitch affirms US rating at 'AAA', hikes outlook

Fitch Ratings on Friday affirmed US credit ratings at the top-notch "AAA" level but raised the outlook for the world's top economy to stable from negative. Fitch said it was raising its outlook to stable in part because of the way the US federal debt limit was suspended in February. It had placed the US economy on negative watch in October.

Fitch turns negative on Croatia, warns on debt outlook

Fitch ratings agency revised Croatia's outlook down from stable to negative on Friday, warning that a long recession in the European Union's newest member clouds the outlook for debt. Fitch criticised the government for dragging its feet over budget action, but held to Croatia's long-term foreign and local currency ratings at 'BB+' and 'BBB-' respectively "Prolonged recession continues to impair the prospects for fiscal consolidation and public debt sustainability," a Fitch statement said.

Fitch downgrades Serbia, sees growth slowing

Rating agency Fitch downgraded Serbia by one notch and deeper into speculative rankings on Friday, saying that public finances were worsening and growth slowing. The rating agency, lowering the rating for long-term debt to "B+" from "BB-" but with a stable outlook, highlighted weak enforcement of tax collection and weak political will to introduce unpopular structural reforms.

Fitch upgrades Spain outlook to stable, affirms 'BBB' rating

Fitch Ratings said Friday it was upgrading the outlook on Spain's investment-grade "BBB" rating to "stable" thanks to progress in reforms and improved export performance. "Spain has improved its policy track record," said Fitch in a statement, adding that significant reforms made in the labour market, pension system and financial sector "should put the economy on a surer footing."

Fitch upgrades Spain outlook to stable, affirms 'BBB' rating

Fitch Ratings said Friday it was upgrading Spain's outlook to "stable" thanks to progress in reforms and improved export performance, and affirmed the eurozone country's 'BBB' investment-grade rating. "Spain has improved its policy track record," said Fitch in a statement, adding that significant reforms "should put the economy on a surer footing". rl/mfp

Fitch strips Croatia of investment-grade rating

Fitch on Friday stripped Croatia of its investment-grade rating, demoting it one notch to 'BB+', warning slow growth in the new EU member hurts efforts to improve public finances. "A structurally weak growth outlook has impaired the prospects for fiscal consolidation and the attainment of public debt sustainability," Fitch Ratings said in a statement. Croatia, which joined the EU in July, has seen its economy contract by 11 percent since 2009, said Fitch.

Fitch affirms U.S. AAA rating but outlook still negative

By Daniel Bases NEW YORK (Reuters) - Fitch Ratings on Friday affirmed the United States' top level credit rating at AAA but held the outlook at negative, saying still-elevated debt levels leave the country vulnerable to shocks without more deficit reduction. The affirmation reflects strong economic and credit fundamentals, the firm said in a statement. In addition, Fitch cited the decline in the federal budget deficit to levels "consistent with debt stabilization."

Fitch raises Greek credit rating one notch to 'B-'

Fitch Ratings raised Greece's long-term credit rating by one notch to 'B-' on Tuesday, removing it from being at risk of default, citing progress in balancing the country's finances and improving its trade competitiveness. "The Greek economy is rebalancing: clear progress has been made towards eliminating twin fiscal and current account deficits..." said Fitch, adding that its outlook was stable. rl/wai

Fitch strips Britain of top triple-A rating

Fitch Ratings on Friday stripped Britain of its top triple-A rating, moving it down one notch to 'AA+' as a weaker economic outlook continues to push up the country's debt. "The downgrade of the UK's sovereign ratings primarily reflects a weaker economic and fiscal outlook and hence the upward revision to Fitch's medium-term projections for UK budget deficits and government debt," said the ratings agency.

Fitch strips Britain of top triple-A rating

Fitch Ratings on Friday stripped Britain of its top triple-A rating, moving it down one notch to 'AA+' as a weaker economic outlook continues to push up the country's debt. "The downgrade of the UK's sovereign ratings primarily reflects a weaker economic and fiscal outlook and hence the upward revision to Fitch's medium-term projections for UK budget deficits and government debt," said the ratings agency. rl/bm
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