Shares of Marshall & Ilsley slip after Fitch places debt ratings on negative watchSeptember 2nd, 2009 Marshall & Ilsley shares down after Fitch watchNEW YORK — Shares of banking company Marshall & Ilsley Corp. were down Wednesday, after Fitch Ratings put the banking holding company's debt ratings on negative watch citing elevated loan losses.
Fitch says Boeing's production schedule for new 787 jet is 'negative' on credit ratingsAugust 28th, 2009 Fitch concerned by Boeing jet-production scheduleNEW YORK — Fitch Ratings said Thursday that Boeing Co.'s newest schedule for production of the fuel-efficient 787 jet is a negative factor for credit ratings. Fitch said Boeing had doubled debt levels in the past six months and its credit measurements were weak for the company's "A-plus" rating.
S&P reaffirms Con-way investment grade rating, but outlook negativeAugust 17th, 2009 S&P reaffirms Con-way investment grade ratingNEW YORK — Ratings agency Standard & Poor's affirmed its BBB- rating for Con-way Inc. on Monday, but suggested that weak demand and competitive prices will continue to hurt the trucking company's earnings and credit standing.
Fitch backs "BBB" senior debt rating for Marsh & McLennan citing improved flexibilityAugust 14th, 2009 Fitch affirms Marsh & McLennan credit ratingNEW YORK — Fitch Ratings on Friday affirmed its "BBB" senior debt rating for Marsh & McLennan Cos., saying that the insurance broker's financial flexibility has improved significantly over the past several years. The ratings service also affirmed Marsh & McLennan's long-term issuer default rating and short-term issuer default rating at "BBB" and "F2," respectively.
Fitch affirms ratings for Convergys, although outlook remains negativeAugust 10th, 2009 Fitch affirms ratings for ConvergysNEW YORK —Fitch Ratings said on Monday it was affirming several ratings for Convergys Corp. and removing it from Rating Watch Negative.
Moody's raises rating outlook on Advance Auto Parts, affirms debt ratingsJuly 30th, 2009 Moody's lifts rating outlook on Advance Auto PartsNEW YORK — Moody's Investors Service said Thursday it raised its rating outlook on auto parts retailer Advance Auto Parts Inc. to positive from stable and affirmed its debt and liquidity ratings for the company.
Fitch expects to give Northrop Grumman's new senior notes an investment-grade ratingJuly 27th, 2009 Northrop Grumman debt to get investment-grade tagNEW YORK — Fitch Ratings said Monday it expects to assign an investment-grade rating to Northrop Grumman Corp.'s new senior notes. The military contractor's notes, which will be used to refinance debt maturing this year, will most likely be rated BBB+, the ratings agency said.
Hearst Corp. buys another 20 percent stake in Fitch Group for $427 millionJuly 24th, 2009 Hearst buys added 20 pct stake in Fitch for $427MNEW YORK — Hearst Corp. is buying an additional 20 percent stake in Fitch Group for $427 million.
Fitch Ratings issues downgrades for Health Net on Pentagon's nonrenewal of key contractJuly 15th, 2009 Fitch downgrades Health Net RatingsNEW YORK — Fitch Ratings on Wednesday downgraded ratings for Health Net Inc. after the Pentagon decided not to renew a contract with the health insurance company.
Fitch downgrades Comerica's investment-grade debt ratings, with negative outlookJuly 1st, 2009 Fitch downgrades Comerica debt ratingsNEW YORK — Fitch Ratings on Wednesday cut Comerica Inc.'s investment-grade debt ratings, saying the bank's profitability is increasingly threatened by higher credit costs and the recession. Fitch lowered its issuer default ratings on Comerica and its lead bank Comerica Bank one notch to A from A+, keeping the rating within investment-grade range.
Fitch raises Ventas Inc.'s investment-grade debt ratingsJuly 1st, 2009 Fitch lifts Ventas' investment-grade ratingsNEW YORK — Fitch Ratings on Wednesday raised the investment-grade ratings of Ventas Inc., citing steps the real estate investment trust has recently taken to shore up its capital position. The credit ratings agency upgraded its issuer default rating for Ventas and its subsidiaries to BBB from BBB-.
Fitch downgrades rating of TRW Automotive on weakness in auto marketJune 30th, 2009 Fitch downgrades TRW AutomotiveNEW YORK — Fitch Ratings on Tuesday lowered its issuer default rating on TRW Automotive Inc. and its parent company, TRW Automotive Holdings Corp., to B- from B on concerns about continued weakness in the auto market.
S&P cuts ratings on 22 banks amid concern over further weakening in financial sectorJune 17th, 2009 Standard & Poor's cuts ratings on 22 banksNEW YORK — Credit ratings agency Standard & Poor's on Wednesday cut ratings and revised outlooks on 22 banks amid concern about further weakening in the financial sector. S&P said the changes reflected its assessment that volatility will remain in the financial sector and the industry is expected to face tighter regulatory oversight.
S&P cuts ratings on 18 banks amid concern over further weakening in financial sectorJune 17th, 2009 Standard & Poor's cuts ratings on 18 banksNEW YORK — Credit ratings agency Standard & Poor's on Wednesday cut ratings on 18 banks amid concern about further weakening in the financial sector. S&P said the changes reflected its assessment that volatility will remain in the financial sector and the industry is expected to face tighter regulatory oversight.
Standard & Poor's boosts New Orleans' bond rating to investment grade, move key to bond saleApril 21st, 2009 S&P upgrades New Orleans' bond ratingNEW ORLEANS — Standard & Poor's Ratings Services has boosted its bond rating for the city of New Orleans to investment grade, significant for the city as it continues recovering from Hurricane Katrina. After the 2005 storm, Standard & Poor's rated the city at below-investment grade, and an upgrade was seen as critical to the city's hopes of selling up to $80 million in bonds for infrastructure projects this year.
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