Fitch comments on its outlook for the global credit rating

Fitch's ratings comments came as follows:

• The outlook for the global credit rating is more positive than it has been since the global financial crisis.
• Credit quality may begin to weaken with phasing out the Ultra-supportive monetary policy.
• The average net outlook balance in all sectors globally have become in the positive range for the first time since the global crisis.
• There are two main risks to credit ratings: unwinding quantitative easing and political uncertainty.
• Unwinding of quantitative easing is likely to put pressure on sovereign bonds as government debt is high in many countries.
• In EuroZone, banks will need to rely more on market financing rather than on the ECB.