Fitch Doesn’t See Bottom of Office CRE Mess, Sees CMBS Delinquency Rates Spike Way Past Financial Crisis Peak in 2025
Estimated Reading Time: 2 minutes A big driver is the “secular decline in the office market” that even slashed interest rates would not end. There has been a recent flurry of declarations by big fund managers with exposure to the office sector of commercial real estate that office CRE has “bottomed out,” or is “near […]
Inflationary pressures have ‘lessened substantially’, says Tesco; Fitch downgrades China’s outlook to negative – business live | Business
FBI probes ex-Abercrombie & Fitch CEO Mike Jeffries over sexual abuse claims
The FBI is reportedly opening a criminal investigation into disgraced former Abercrombie & Fitch CEO Mike Jeffries, who is accused of orchestrating elaborate sex events to exploit and sexually abuse young male models. It is reported that it has started. The investigation is being led by FBI agents specializing in sex crimes and federal prosecutors […]
High US fiscal deficits expected ahead of 2024 elections: Fitch
Ratings agency Fitch said on Wednesday it expects the U.S. budget deficit to remain high this year and that the impact of the presidential election on fiscal policy and governance will be a key issue for the country's sovereign rating. Last year, Fitch downgraded the U.S. government's top credit rating from “AAA'' to “AA+,'' citing […]