Latest Fitch Group Stories
Sempra Energy's announced purchase of EnergySouth, Inc. (ENSI, not rated by Fitch) has no ratings impact on SRE or its subsidiaries, according to Fitch Ratings. Fitch expects SRE to use new parent-level debt to finance the acquisition. The transaction is expected to close by year-end 2008.
Fitch Ratings John Culver, CFA, 312-368-3216 (Chicago) Bill Densmore, 312-368-3125 (Chicago) Brian Bertsch, 212-908-0549 (Media Relations, New York) Fitch Ratings has affirmed the long- and short-term Issuer Default Ratings (IDRs) for AT&T Inc.
Fitch Ratings has assigned the following ratings to Black Hills Corp. (BKH) and Black Hills Power, Inc. (Black Hills Power) Black Hills Corp. --Long-term Issuer Default Rating (IDR) 'BBB'; --Short-term IDR 'F2'; --Senior Unsecured 'BBB'. Black Hills Power, Inc.
Liquidity and credit quality are again at the forefront as the critical determinants of the U.S. airline industry's economic viability, according to Fitch Ratings. The sheer magnitude of increasing energy prices and resulting weak cash flows make further industry consolidation unworkable.
Record jet fuel prices and waning demand for air travel, particularly in North America and Western European markets, have placed increased pressure on many airlines, elevating the risk of default on leases and placing significant strain on values for certain aircraft types, according to Fitch Ratings.
Fitch Ratings Monica M. Bonar +1-212-908-0579 Sean T. Sexton, +1-312-368-3130, Chicago Brian Bertsch, +1-212-908-0549, Media Relations, New York Fitch Ratings has assigned an 'BBB+' rating to the following new senior notes from Alcoa Inc.
Fitch places four gas prepaid revenue bond transactions rated 'A+' on Rating Watch Negative, as follows: --Main Street Natural Gas, Inc. Gas Project Revenue Bonds, Series 2006B; --Main Street Natural Gas, Inc.
Fitch Ratings has downgraded the long-term ratings of Dow Chemical Company (DOW) and placed them on Rating Watch Negative following this morning's announcement that it is purchasing Rohm and Haas (ROH) for $18.8 billion which includes $3.5 billion in assumed ROH debt.
Fitch Ratings has affirmed the Issuer Default Rating (IDR) and outstanding ratings for AGL Resources Inc. (AGL) and its two debt issuing subsidiaries Atlanta Gas Light Co. (AGLC) and AGL Capital Corp., as listed below. The Rating Outlook is Stable.
Fitch Ratings Robert Curran, +1-212-908-0515 (New York) Robert Rulla, CPA, +1-312-606-2311 (Chicago) Brian Bertsch, +1-212-908-0549 (Media Relations, New York) Fitch has affirmed the ratings of The Sherwin-Williams Company (NYSE:SHW) as follows: --Issuer Default Rating (IDR) 'A'; --Senior unsecured debt rating 'A'; --Revolving bank credit facilities 'A'; --Short-term IDR 'F1'.
- An aromatic woolly plant (Origanum dictamnus) native to Crete, formerly believed to have magical powers.