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: Banks face more difficult credit trends amid exposure to commercial real estate lossesAugust 21st, 2009 Fitch: Banks face more difficult credit trendsNEW YORK — Fitch Ratings analysts said Friday they expect U.S. banking companies to continue to face rising credit costs and a difficult operating environment in the coming months.
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.
Moody's considers rating downgrade for loan program offered through Calif. pension fundsJuly 18th, 2009 Moody's may downgrade Calif. pension funds' ratingSACRAMENTO, Calif.
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 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.
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+.
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.
Airline shares rise as industry group see passenger declines easing; Fitch downgrades DeltaJune 25th, 2009 Sector Snap: Airline shares gain againNEW YORK — Airlines shares climbed Thursday, as an industry group said airline passenger declines may be leveling off. The AMEX Airline Index rose 3.9 percent at midday, with all 13 component stocks on higher ground.
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.
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.
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