Latest Fitch Stories
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 Ratings has assigned an 'AA-' underlying rating to the General Authority of Southcentral Pennsylvania's approximately $427 million revenue bonds, series 2008A and 2008B (issued on behalf of WellSpan Health).
Fitch Ratings has assigned an underlying 'A+' rating to the expected issuance of approximately $160 million hospital revenue bonds for Martha Jefferson Hospital (MJH) to be issued through the Economic Development Authority of Albemarle County.
Fitch Ratings confirms its underlying 'AA' rating on the Harris County Facilities Development Corporation (Texas Children's Hospital's (TCH)) approximately $548.0 million outstanding bonds. The Rating Outlook is Stable.
The U.S. for-profit hospital industry recorded another strong performance during the second quarter, with minimal impact from the economic slowdown observed in the sector, according to a report by Fitch. In fact, providers reported continued favorable trends in volumes, pricing and bad debt expense.
Fitch Ratings has revised the Outlooks for the U.S. Airports and Toll Roads sectors to Negative from Stable. According to the special report, 'U.S.
Fitch Ratings has affirmed the following ratings for Peabody Energy Corporation (NYSE: BTU): --Issuer Default Rating (IDR) at 'BB+'; --Senior unsecured notes at 'BB+'; --Senior unsecured revolving credit and term loan at 'BB+'; --Convertible junior subordinated debentures due 2066 at 'BB-'.
Fitch Ratings has affirmed the ratings of United States Steel Corporation (U.S. Steel) securities as follows: --Issuer Default Rating (IDR) 'BBB-'; --Senior unsecured notes 'BBB-'; --Senior unsecured revolving credit facility 'BBB-'; --Senior unsecured term loan 'BBB-'.
Fitch Ratings has downgraded approximately $41 million of New Jersey Health Care Facilities Financing Authority revenue bonds issued on behalf of Palisades Medical Center, Inc (PMC). The obligated group (Palisades) consists of PMC and Palisades General Care, Inc.
MORGAN KEEGAN CUTS WACHOVIA TO UNDERPERFORM FROM MARKET PERFORM Morgan Keegan analyst Robert Patten says Wachovia (WB) shares are up 73% since July 15, compared to 32% for KBW Bank index and currently trade at 1.3 times TBV [before open].