News on Fitch Inc.

Higher used-car prices cut loan-security losses

2010-03-04T14:15:27Z

<div id="subtitle">Higher used-car prices and tighter credit cutting losses on auto loan securities</div><div><p>Higher prices for used vehicles and improved buyer credit are helping mitigate losses on prime auto loan asset-backed securities, Fitch Ratings said Thursday.</p><p>Fitch said losses on securities backed by the highest-rated loans ticked upward in January because of seasonal weakness. But losses we...

Lehman rulings may impact global structured finance

2010-02-22T13:29:40Z

<div><p>NEW YORK (Reuters) - The rating impact of recent Lehman Brothers court rulings in the English Court of Appeal and the U.S. Bankruptcy Court on existing structured finance ratings could be "wide-ranging" globally, NYC apartment complexes bought for record $5.4B will be turned over to creditors</div><div><p>Like many homeowners who owe more than their properties are worth, the heavy hitters behind the most expensive real estate deal in U.S. history are giving up the two massive apartment complexes they bought...

Fitch sees US transportation sector stabilizing

2010-02-23T14:32:24Z

<div id="subtitle">Fitch Ratings sees signs US transportation sector will begin to stabilize in 2010</div><div><p>Fitch Ratings expects the U.S. transportation sector to begin to stabilize next year, but warns there will be some bumps in terms of performance and credit quality.</p><p>The ratings agency sa...

Coca-Cola Enterprises elects Fitch exec to board

2010-02-23T15:44:42Z

<div id="subtitle">Coke bottler Coca-Cola Enterprises elects Fitch vice chairwoman to its board</div><div><p>Coca-Cola Enterprises said Tuesday it has elected Veronique Morali, a vice chairman of Fitch Ratings' parent company, to its board, effective Feb...

Morningstar publishes credit ratings on 100 firms

2010-02-23T21:59:17Z

<div id="subtitle">Morningstar begins publishing credit ratings with reports on 100 public companies</div><div><p>Morningstar Inc. began publishing credit ratings Wednesday, adding to its equity and mutual fund research.</p><p>The company published ratings for 100 of the largest U.S. public co...

Fitch Ratings says things looking up for airlines

2010-02-25T03:36:24Z

<div id="subtitle">Fitch Ratings sees improvement in airlines financial health, but cash reserves running low</div><div><p>The slump in revenue at U.S. airlines is slowing and the carriers' financial health should improve modestly over the next year, according to a major credit-rating agency.</p><p>Still,...

Treasury wants to stay out of credit ratings

2010-02-26T00:13:06Z

<div><p>WASHINGTON (Reuters) - The Obama administration is resisting calls to help ensure that credit ratings are reliable, saying this would force investors to rely even more on the ratings.</p><p>Although credit rating agencies have been accused of assigning top ratings to complex securities that later crumbled in valu...

SIX QUESTIONS FOR Michael Paladino

2010-02-26T12:30:05Z

<div id="subtitle">Lead Gaming Analyst For Fitch Ratings</div><div><p> When business was booming, people like Michael Paladino — who assess bankruptcy risk — were little seen or heard. In the recession, Paladino, the lead gaming analyst for bond rating agency Fitch Ratings in New Yor...

YRC Worldwide, AIG, Blockbuster are big movers

2010-02-27T10:05:17Z

<div id="subtitle">YRC Worldwide, AIG, Blockbuster, Chemed, First Energy among big market movers Friday</div><div><p>Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Ma...

South Korea Emerging Economies Fitch

2009-04-24T13:20:24Z

A foreign currency bank clerk works next to bundles of banknotes at the head office of Korea Exchange Bank in downtown Seoul, South Korea, Monday, Nov. 10, 2008. Fitch Ratings on Monday lowered the sovereign credit rating outlooks for six emerging market economies to reflect possib...