Latest Fitch Stories
Fitch Ratings assigns an 'AA-' rating to the expected issuance of up to $350 million of series 2008A-D revenue and refunding bonds to be issued on behalf of MedAmerica Health Systems-Miami Valley Hospital (MedAmerica) listed below.
Fitch Ratings has affirmed the 'BBB+' rating on approximately $11.8 million Idaho Health Facilities Authority hospital revenue bonds (Idaho Elks Rehabilitation Hospital (Idaho Elks)), series 1998 currently outstanding. The Rating Outlook is Stable.
Fitch Ratings has assigned a rating of 'AA(chl)' to the shelf registration (tranche A and tranche B) of Chilquinta`s Energia S.A. (Chilquinta) against the line of bonds No. 549 and No. 550. In addition, Fitch Chile has upgraded the shelf registration No. 549 and No. 550 to 'AA(chl)' from 'AA-(chl)'.
Fitch Ratings believes a strike by the Screen Actors Guild of America (SAG) would have limited impact on the credit profile of the media and entertainment sector over the short-term of six to nine months.
Fitch Ratings has affirmed Eli Lilly and Co.'s (Eli Lilly) ratings as follows: --Issuer Default Rating (IDR) 'AA'; --Bank loan 'AA'; --Senior unsecured debt 'AA'; --Short-term IDR 'F1+'. The Rating Outlook is Stable.
Nutritional supplements retailer General Nutrition Centers Inc. named Michael M. Nuzzo as its chief financial officer. Prior to joining General Nutrition, Nuzzo was senior vice president, finance at clothing retailer Abercrombie & Fitch. Originally published by staff and wire reports.
Fitch has assigned an 'A+' rating to Indiana Municipal Power Agency's (IMPA) $30 million power supply system revenue bonds, series 2008A. Fitch also affirmed the 'A+' rating on IMPA's $1 billion of outstanding parity power supply system revenue bonds.
Effective Sept. 11, 2008, Fitch Ratings confirms the underlying 'A' rating to approximately $300 million City of Chicago, Illinois, general airport third lien revenue bonds (GARBs) O'Hare International Airport (O'Hare), consisting of $200 million in series 2005C and $100 million in series 2005D.
Fitch Ratings Michael Burger, +1-212-908-0555 (New York) Jim LeBuhn, +1-312-368-2059 (Chicago) Cindy Stoller, +1-212-908-0526 (Media Relations, New York) Fitch Ratings has upgraded the rating on approximately $53.6 million of Indiana Health and Educational Facility Financing Authority hospital revenue bonds, issued on behalf of Jackson County Schneck Memorial Hospital (JCSMH) to 'A' from 'A-'.
RAYMOND JAMES CUTS TOLL BROTHERS TO MARKET PERFORM FROM OUTPERFORM Raymond James analyst Buck Horne says Toll Brothers (TOL) shares have rallied over the past seven weeks and trade at a premium to its peer group average., which at this stage of cycle, when fundamentals still deteriorating, adequately reflects the company's strategic advantages and may be prematurely discounting that a housing recovery is imminent.