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Last updated on April 20, 2014 at 21:20 EDT

Latest Fitch Stories

2008-10-17 12:00:22

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. The 'BBB+' rating reflects Idaho Elks' strong liquidity position, historical operating profitability, moderate debt burden, and dominant market share of rehabilitation services in the service area. At May 31, 2008 (draft audit), Idaho Elks had...

2008-10-13 12:00:36

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)'. The Outlook for all ratings is Stable. The rating action results from a stronger credit profile due to a reduction of the expected issuance volume and total expected debt levels to a maximum...

2008-10-02 15:00:37

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. However, a prolonged strike could impact specific sub-segments of the industry and would be incremental to the negative effect of the weakening advertising market. Many of the sub-sectors that rely on SAG-related content (broadcast networks and film studios) are housed within highly...

2008-10-01 12:00:31

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. The ratings apply to approximately $4.61 billion of outstanding debt. The rating action reflects improving free cash flow generation since a low point reached in 2005, benefiting from a relatively solid intellectual property position and reduced...

2008-09-19 00:00:10

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. (c) 2008 Tribune-Review/Pittsburgh Tribune-Review. Provided by ProQuest LLC. All rights Reserved.

2008-09-11 15:00:35

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. The 20-year fixed rate bonds are scheduled to price Sept. 25. Proceeds from the series 2007A bonds will fund capital improvements to IMPA's existing generating assets. The Rating Outlook is Stable. The rating reflects IMPA's balanced and...

2008-09-10 15:00:22

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. The confirmation of the underlying rating is in connection with the recently assigned ratings to the 2005C and 2005D bonds, which were based on the application of Fitch's joint probability...

2008-09-10 12:00:51

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-'. The Rating Outlook is Stable. The rating upgrade is based on JCSMH's very strong...

2008-09-08 12:00:36

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. Also, Horne is growing increasingly concerned that the company's remarkable...

2008-09-03 18:00:25

Fitch Ratings assigns Marfrig Frigorificos e Comercio de Alimentos LTDA (Marfrig, or the company) Foreign and Local Currency Issuer Default Ratings (IDR) of 'B+'. Fitch has also assigned a 'B+/RR4' rating to the US$375 million senior unsecured bonds due 2016 issued by Marfrig Overseas Limited (a special-purpose vehicle wholly owned by Marfrig in the Cayman Islands), unconditionally guaranteed by Marfrig. Additionally, Fitch assigned Marfrig a National Scale rating at 'BBB+(bra)'. The Rating...