Fitch warns of mounting EM credit risks from Hormuz, El Niño, tariffs
Fitch Ratings has cautioned that the renewed closure of the Strait of Hormuz in July points to persistent geopolitical and energy-related risks for emerging markets credit through the second half of 2026, warning that additional shocks stemming from
July 30, 2026 (MLN): Fitch Ratings has cautioned that the renewed closure of the Strait of Hormuz in July points to persistent geopolitical and energy-related risks for emerging markets credit through the second half of 2026, warning that additional shocks stemming from El Niño and US tariff policy could further strain policymakers' capacity to safeguard economic buffers. The rating agency noted that the US-Iran con...