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Fitch Warns Italy’s Government May Not Survive Amid Calls For A Vote Of Confidence

Fitch Warns Italy’s Government May Not Survive Amid Calls For A Vote Of Confidence Update: Picking a perfect moment to prove Fitch’s point, Bloomberg reports that the Italian government may call a vote of confidence in the Senate on the migration measures. This would aim to strong-arm Five Star dissenters who face expulsion from the […]

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“Hidden Debt Loophole Could be Widespread”: Fitch

“Hidden Debt Loophole Could be Widespread”: Fitch Use of this financial instrument has ballooned. No one knows to what extent because there’s no disclosure. But it was a “key contributor” to the sudden collapse of outsourcing giant Carillion. As regulators and stiffed creditors were poking through the debris of collapsed outsourcing giant Carillion – once […]

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Venezuela Is Down To Its Last $10B As Debt Payments Loom

Venezuela Is Down To Its Last $10B As Debt Payments Loom Venezuela’s central bank is down to its last $10.5 billion in foreign reserves, according to the institution’s most recent report on the country’s financials. Over the remainder of 2017, Caracas needs to fund $7.2 billion in debt payments – an amount that it can only meet […]

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Fitch Downgrades Japan To A From A+

Fitch Downgrades Japan To A From A+ With the USDJPY’s ascent to 125, 150 and higher having seemingly stalled just under 120, with concerns that the BOJ may not monetize more than 100% of its net debt issuance suddenly surfacing, the BOJ and the Nikkei would take any help they could get. They got just […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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