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.
Fitch affirms investment-grade credit ratings for Republic Services and its subsidiariesAugust 27th, 2009 Fitch affirms credit rating for Republic ServicesNEW YORK — Fitch Ratings on Thursday affirmed ratings for Republic Services Inc. and its subsidiaries that reflect the trash-hauler's potential for generating cash flow and its financial flexibility, which is offset partially by debt from last year's purchase of Allied Waste Industries Inc.
Fitch says notes offered by Yum Brands are a moderate default riskAugust 21st, 2009 Fitch gives Yum notes moderate ratingNEW YORK — Credit-ratings agency Fitch Ratings on Friday gave Taco Bell owner Yum Brands Inc. a BBB- rating on senior notes the company issued on Thursday, indicating a moderate default risk.
Fitch downgrades CIT Group's issuer default rating after lender completes debt purchaseAugust 17th, 2009 Fitch downgrades CIT's issuer default ratingNEW YORK — Fitch Ratings downgraded CIT Group Inc.'s issuer default rating Monday after the commercial lender said it managed to stave off a likely bankruptcy filing by repurchasing some of its outstanding debt at a discount. The rating agency said it lowered the IDR to "restricted default" from "C," following the Monday announcement.
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.
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.
DCP Midstream debt ratings downgraded to "BBB" on commodity price declinesJuly 1st, 2009 Fitch downgrades DCP Midstream debt ratingsNEW YORK — Credit-ratings agency Fitch Ratings on Tuesday lowered its debt ratings on DCP Midstream LLC, based on expectations that the recent decline in commodity prices will cut into the natural gas processor's 2009 financial results. Fitch downgraded the company's senior unsecured debt and issuer default rating to BBB from BBB+.
Whitney Holding hit by Fitch Ratings downgradeJuly 1st, 2009 Whitney hit by Fitch Ratings downgradeNEW ORLEANS — Fitch Ratings has cut its rating on regional banker Whitney Holding Corp. citing its nonperforming assets, much of them related to Florida real estate.
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 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.
Moody's lowers ratings for KB Home citing operating losses, asset impairmentJune 22nd, 2009 KB Home ratings lowered by Moody'sNEW YORK — Moody's Investors Service on Monday downgraded all of the ratings of homebuilder KB Home, including its corporate family rating, its probability of default rating and its senior notes rating. The outlook for the Los Angeles-based company remains negative.
Moody's downgrades New York Times, McClatchy credit ratingsApril 25th, 2009 New York Times, McClatchy credit ratings cutNEW YORK — Moody's Investors Service on Friday downgraded the credit ratings of The New York Times Co. and McClatchy Co.
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