Crypto push having unintended negative consequences for government finances
Rating agency affirms Big Six ratings, upgrades Scotia's outlook
Political shifts challenge economic and financial stability
Financial institutions well positioned to weather declining credit quality, Fitch says
2024 default rate could rise to 2% or more, warns Fitch Ratings
Banks have capital, earnings to absorb rising credit losses
Egan-Jones, founder, fined in settlements with regulators
Many companies' cash flows could be eaten up by higher rates
The rating agency cited "persistently high debt levels"
Revenues were generally strong but earnings differed based on loan-loss reserves, Fitch said