Paramount credit ratings downgraded by Fitch
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Fitch Ratings cut Indonesia’s outlook to negative from stable, adding to the chorus of concerns about policy uncertainty in Southeast Asia’s largest economy.
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Fitch Ratings on Wednesday cut Indonesia's credit rating outlook to negative from stable, citing increasing uncertainty and reduced credibility in policymaking, in a move that will add to investor concerns about Southeast Asia's largest economy.
JAKARTA, March 4 (Reuters) - Multiple Indonesian local media reported on Wednesday that Fitch Ratings has downgraded Indonesia's sovereign credit rating outlook to negative from stable. A representative of Fitch's media team reached by Reuters declined to comment.
Fitch also highlighted government social programs, such as the free nutritious Meal (MBG), as requiring large funds.
Fitch Ratings upgraded Flagstar Bank's (FLG) long-term issuer default rating and viability rating on the back of the execution of its balance sheet and business restructuring.
Shares of young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) fell 3.5% in the afternoon session after the company reported fourth-quarter 2025 results and provided a disappointing forecast for the upcoming quarter.
Company delivers record fourth quarter and full year net sales of $1.7 billion and $5.3 billion, respectively Fourth quarter net sales grew 5% to