Lates News

In its report, Fitch Ratings stated that the Iran war has brought additional challenges to many emerging market sovereign countries through avenues such as pushing up energy import prices, disrupting supply chains, increasing the cost of fiscal subsidies, increasing exchange rate pressures, reducing remittances, and making it more costly and difficult to access international capital markets. Currently, seven emerging market sovereign ratings have a positive outlook, while eight have a negative outlook or are under observation. In 2026, Fitch upgraded three emerging market sovereign ratings and downgraded only one, all of which were made before the outbreak of the Iran war. Since then, Fitch has placed Qatar (AA) and Yemen (A+) on negative watchlists, lowered the outlook for Turkey and the Dominican Republic (BB-) from positive to stable, and downgraded Indonesia's (BBB) outlook from stable to negative. The outlook for Rwanda's (B+) rating has been changed from negative to stable.