Fitch cuts APAC outlook to ‘deteriorating’ with economies seen at risk from prolonged oil crisis

FITCH RATINGS said its outlook for Asia-Pacific (APAC) sovereign ratings has been downgraded to “deteriorating” from “neutral,” citing risks to the region’s economic conditions following the disruptions posed by the fighting in the Middle East. Fitch said the change resulted from its mid-year update. It issued the “neutral” call late last year. “We have revised […]