Fitch Ratings affirmed the credit ratings of twelve North American services companies on Wednesday, February 18, 2026, according to a statement released by the firm.
The affirmations encompass the companies and their related subsidiaries and affiliates, though specific names were not immediately disclosed by Fitch. The action signals a continued assessment of the sector’s financial health, following a period of increased scrutiny of North American firms. Fitch receives fees for its ratings services, typically ranging from US$1,000 to US$750,000 per issue, according to the firm.
This move comes after Fitch revised its 2025 outlook for North American non-financial firms to “deteriorating” in June 2025, anticipating that increased tariffs would contribute to inflation and reduce consumer spending. The firm likewise published a report in August 2025 indicating that less than 20% of corporate credits in distress—defined as those rated ‘CCC’ or below—recover to non-distressed levels without defaulting.
In a separate assessment from June 17, 2025, Fitch assigned an Insurer Financial Strength rating of A+ Stable to North American Company, a life insurance and annuities provider. This rating highlights the firm’s financial stability within the insurance sector.
Fitch Ratings describes itself as a leading provider of credit ratings, commentary and research, dedicated to delivering value beyond the rating itself. The firm’s United States operations provide ratings and research for a wide range of corporate and financial entities.
