Jul 29, 07:39 AM

Fitch Says EU Tariffs Pose Credit Pressure but No Immediate Rating Impact

Fitch Ratings said the European Union’s higher import tariffs, introduced amid an intensified trade dispute, are unlikely to trigger immediate changes to EU sovereign credit ratings. The rating company added, however, that the levies could aggravate existing fiscal and economic pressures faced by several member states, raising medium-term risks to public finances. Fitch also noted that the broader trade war continues to weigh on corporate sector outlooks across developed Europe, citing weaker external demand and higher input costs. While the agency does not foresee a standalone tariff-driven downgrade, it warned that further escalation or a sustained slowdown in growth could compound already-elevated credit challenges.

#Fitch Ratings #European Union #EU #Fitch #Europe

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Fitch Says EU Tariffs Pose Credit Pressure but No Immediate Rating Impact

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