Fitch: Global rating outlooks most positive since global financial crisis
|In its latest report centered on the Eurozone economy, the US-based Fitch ratings highlights the following key points (via Reuters):
Global rating outlooks most positive since the global financial crisis.
Credit quality may start to weaken as ultra-supportive monetary policy is phased out.
Average net outlook balance across all sectors globally turned positive for the first time since the crisis.
Two main macro risks to ratings are unwinding of QE and policy/political uncertainty.
QE unwind is likely to put pressure on sovereigns as Govt debt is high in many countries.
In Eurozone, banks will need to rely more on market funding rather than on the ECB.
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