Fitch Analytical Stress Test (FAST)
A Suite of Tools Covering Tax-Supported and Revenue Sectors
The Fitch Analytical Stress Test offers true, through-the-cycle analysis for U.S. Public Finance.
Our scenario analysis framework incorporates two distinct elements that work together to highlight how an issuer’s financial position can change through an economic or market cycle and what level of change can be considered consistent with the existing rating. FAST supports our through-the-cycle analysis and provides analytical information used in the rating process. However, FAST by itself does not generate ratings, nor should the output be considered a forecast or a precise estimate.
- Gain unique insight into issuer financial and operating metric volatility and sensitivity to changing economic/cyclical conditions
- Specify a user-defined scenario and discover patterns in macroeconomic or cyclical impacts among certain peer groups
- Drill down to a specific issuer and examine the impact of a top-down stress on issuer finances and key credit metrics through a multi-year scenario analysis