Fitch Places 11 U.S. Credit-Linked Notes On Rating Watch Negative
Portfolio Pulse from Happy Mohamed
Fitch Ratings has placed 11 U.S. credit-linked notes on Rating Watch Negative, indicating potential downgrades due to increased credit risk.
May 26, 2023 | 8:00 pm
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NEGATIVE IMPACT
SPY may be indirectly affected by Fitch's Rating Watch Negative on 11 U.S. credit-linked notes, as it could lead to increased credit risk.
Fitch's Rating Watch Negative on 11 U.S. credit-linked notes indicates potential downgrades due to increased credit risk. This could lead to a negative impact on the broader market, including SPY, as investors may become more cautious and risk-averse.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50