PEOPLE PRODUCT INSIGHTS SEARCH SUBSCRIBE Inflation Is a Greater Policy Test for Emerging-Market Sovereigns EU Directive Could Be Positive for Portugal Mortgage Covered Bonds Reforms and Financial Support Ease Pakistan Sovereign Risks MORE Credit Outlooks 2022 Fitch launches its annual credit outlook series, looking ahead to the emerging risks in 2022 and beyond. LATEST COMMENTARYREGISTER FOR EVENTS THU 25 NOV, 2021 Fitch Affirms Trustbank at 'B'; Stable Outlook THU 25 NOV, 2021 Fitch Revises Stellantis' Outlook to Positive; Affirms IDR at 'BBB-' THU 25 NOV, 2021 Fitch Assigns Cullinan Holdco SCSp (Graanul) Final IDR 'BB-'; Senior Secured 'BB+' THU 25 NOV, 2021 Fitch Affirms Universal Bank at 'B-'; Outlook Stable THU 25 NOV, 2021 Fitch Places Rusnano on Rating Watch Negative 01Insights HIGHLIGHT Global Financial Market Infrastructure Firm Outlook Neutral for 2022 NON-RATING ACTION COMMENTARY / THU 25 NOV, 2021 Lower-Rated Chinese Developers’ Offshore Bond Maturities Still High in 1H22 SPECIAL REPORT / THU 25 NOV, 2021 China Corporates Snapshot – November 2021: Service Sector Drives FDI Growth; Challenging Outlook for Manufacturing NON-RATING ACTION COMMENTARY / THU 25 NOV, 2021 China’s Strong FDI Growth Sustained; Manufacturing Challenges Remain NON-RATING ACTION COMMENTARY / THU 25 NOV, 2021 EMEA Leveraged Credit Strikes Balance on Quality and Issuance SPECIAL REPORT / THU 25 NOV, 2021 European Leveraged Loan Chart Book - 9M21 FITCH WIRE / THU 25 NOV, 2021 Ukraine IMF Disbursement, Extension in Line with Our Assumptions FITCH WIRE / THU 25 NOV, 2021 EMEA Transport Infrastructure Sector Outlook Is Improving OUTLOOK REPORT / THU 25 NOV, 2021 Fitch Ratings 2022 Outlook: EMEA Transport Infrastructure MORE INSIGHTS OUR APPROACH Rating Criteria LEARN MORE Rating Criteria explains our forward-looking ratings approach. Criteria reports identify rating drivers and assumptions, and highlight the scope and limitations of our analysis. Master Criteria describe the basic foundation for our ratings within a sector. Cross-Sector Criteria explain Fitch’s approach to topics that relate to multiple areas or audiences. Sector-Specific Criteria describe Fitch’s analytical approach for individual sectors, and address specific credit factors. OUR APPROACH Ratings Process LEARN MORE Fitch Ratings provides forward-looking credit opinions, as indicated by its ratings, that reflect its expectations of credit behavior over a range of scenarios. The rating process begins when an arranger, issuer, sponsor, or underwriter contacts a member of Fitch’s Business Relationship Management (BRM) group with a request to engage Fitch. Fitch may also initiate unsolicited rating coverage where sufficient public information is available to provide insight to subscribers and the public debt market. ECONOMICS Global Economic Outlook Inflation pressures should ease significantly in 2022 as demand growth moderates and supply responds. But price pressures are shifting the tone of the policy debate. LEARN MORE VIDEO Rising Insurance Costs Add to US Public Finance Cyber Pressures The growing pace and sophistication of cyberattacks on US public finance entities has led to rising costs of, and challenges in, acquiring robust cyber insurance coverage. LEARN MORE Play Video GET ONBOARD Join our Talent Community Our people are credit experts, experienced professionals, and global citizens who collaborate in offices in over 30 countries, to help our clients and communities. CAREERS 02Videos 2022 CREDIT OUTLOOK - LOW HEADROOM FOR APAC TELCO’S RATINGS, IMPROVEMENTS MODEST MORE VIDEOS Inside Credit Inside Credit features the latest credit market research, with our weekly recap of noteworthy content across all sectors and regions. 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