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Latest Fitch Group Stories

2010-06-09 09:00:00

NEW YORK and LONDON, June 9 /PRNewswire/ -- Fitch Ratings, a global ratings agency, and TheMarkets.com, the premier provider of investment research and workflow solutions announced today that Fitch Ratings' fundamental credit research will be available as a premium service on TheMarkets.com. Fitch's fundamental credit research offers clients of TheMarkets.com unique insights into the global fixed income markets across Corporate Finance, Financial Institutions, Global Infrastructure and...

2010-04-15 17:02:00

SIOUX FALLS, S.D., April 15 /PRNewswire-FirstCall/ -- NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) today announced that Fitch Ratings ("Fitch") upgraded NorthWestern's ratings as follows: To From --- ---- Issuer Default Rating - Long Term BBB BBB- Issuer Default Rating - Short Term F2 F3...

2009-05-19 12:45:00

SPOKANE, Wash., May 19 /PRNewswire-FirstCall/ -- Fitch Ratings announced today that it has upgraded the corporate credit rating of Avista Corp. (NYSE: AVA) to BBB- from BB+, which raises the company's rating to investment grade. In addition, Avista Corp's senior unsecured debt ratings were upgraded to BBB from BBB-. Fitch cited Avista's more balanced regulatory environment, improved financial profile and continued focus on the core utility business as major factors in the upgrade. This...

2009-03-18 11:04:34

Billionaire investor Warren Buffett, in spite of his considerable candor, has steered clear of a controversy surrounding U.S. rating agencies, observers say. Buffett owns 20 percent of Moody's Corp., which earns billions in fees rating corporate debt. He has been quiet on the topic of how wrong Moody's and other rating agencies have proven to be in the wake of the global financial crisis, The New York Times reported Wednesday. Just days before Lehman Brothers Holdings Inc. filed for...

2009-03-05 15:20:00

BIRMINGHAM, Ala., March 5 /PRNewswire-FirstCall/ -- Fitch Ratings has affirmed its ratings and Stable outlook for ProAssurance and its primary insurance subsidiaries. (Logo: http://www.newscom.com/cgi-bin/prnh/20081024/PROASSURANCELOGO ) In announcing its decision, Fitch says their rating action, "...considers the solid financial condition of PRA's operating subsidiaries as well as consistent profitability, financial and operating flexibility, and highly experienced management team....

2008-11-14 12:00:22

In conjunction with the Rating Outlook revision and downgrade of Regions Bank short-term Issuer Default Rating (IDR), Fitch Ratings has downgraded municipal bonds with letters of credit provided by Regions Bank. Fitch revised Regions Bank's Outlook to Negative and downgraded its short-term IDR to 'F1' from 'F1+' on March 28, 2008. The Outlooks on the following bonds are revised to Negative, and the short-term ratings are downgraded to 'F1' from 'F1+': --Tippecanoe County (IN)...

2008-11-12 12:00:20

Today, Fitch Ratings issued a special report, 'Liquidity Focus: U.S. Transportation' which focuses on liquidity issues in the airlines, railroads and trucking sectors. According to the report, liquidity for the airline sector is relatively strong, with $17 billion in available liquidity at Sept. 30, 2008, versus $11 billion in estimated debt maturities through year-end 2010. Liquidity in the railroad sector is expected to remain strong, despite ongoing share repurchase programs. Despite...

2008-11-11 15:00:22

Fitch Ratings has upgraded to 'AA-' from 'BBB-' the ratings on SynergyHealth, Inc.'s (Synergy) approximately $70.1 million of bonds issued through the Wisconsin Health and Educational Facilities Authority. The ratings were on Rating Watch Positive following Synergy's signing of an affiliation agreement with Froedtert & Community Health, Inc. (F&CH, rated 'AA-' by Fitch). The rating upgrade reflects the affiliation of Synergy with F&CH and the exchange of outstanding master...

2008-11-11 15:00:22

Fitch Ratings has assigned an 'AA-' rating to approximately $196.6 million of Wisconsin Health and Educational Facilities Authority revenue bonds, series 2008A&B issued on behalf of Froedtert & Community Health Obligated Group (F&CH). Fitch also affirms the 'AA-' ratings on approximately $290 million of Wisconsin Health and Educational Facilities revenue bonds, series 2001 and 2005A-D currently outstanding. The Rating Outlook is Stable. The series 2008A bonds are...

2008-11-11 15:00:18

Fitch Ratings assigns an 'F1+' rating to Georgia Municipal Gas Authority's (Gas Authority) planned issuance of $120 million gas revenue bonds (Portfolio III Project), series 2008C. In addition, Fitch affirms the Gas Authority's outstanding $110 million of gas revenue bonds at 'A+'. The Rating Outlook is Stable. The 2008C notes are scheduled to price the week of Nov. 24, 2008. The bonds are direct and general obligations of the Gas Authority (Fitch long-term rating of 'A+') and are...


Word of the Day
call-note
  • The call or cry of a bird or other animal to its mate or its young.
'Call-note' is newer than 'bird-call,' which originally referred to 'an instrument for imitating the note of birds' but now also refers to 'the song or cry of a bird.'
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