Tag:
Fitch
Latest Headlines
Latest Headlines
Credit raters' warnings on U.S. debt carrying less weight
Fitch Ratings became the last of the big three credit rating agencies to weigh in on the U.S. debt situation, issuing a report that suggests that if the government cannot find a way to raise the statutory debt limit, the agency would have no choice but to seriously reconsider its AAA rating of U.S
Credit rating agencies competing to be the toughest
Is this a reflection of the new credit rating industry in action? We've noted that the financial reform movement didn't radically alter the credit rating business, to the chagrin of some critics who predict issuers will continue to shop around for the agency that will play ball with them.
Fo
Fitch downgrades Goldman Sachs outlook
Another blow to Goldman Sachs ( NYSE: GS ): Fitch has said that the firm's legal problems and the uncertain regulatory climate have prompted it to lower its long-term view to negative from stable. The credit rating agency also affirmed the 'A+/F1+' long- and short-term Issuer Default Ratings (ID
Congressmen criticize credit rating agencies
You know a hearing is going bad when a congressman start reading instant messages between two of your employees that goes like this:
Official 1: By the way, that deal is ridiculous Official 2: I know, right. The model definitely doesn't capture half the risk. Of
Rating agencies sued by Connecticut
It's no secret that credit ratings agencies rate municipal and corporate debt differently. Moody's has admitted as much. Exactly why they do this vexes some--including Connecticut state attorney general Ralph Blumenthal. He has sued Standard & Poor's, Moody's and Fitch, charging them with unfa
ALSO NOTED: A look at CDS prices for Merrill Lynch, Morgan Stanley and Lehman Bros.; Schwab posts strong first quarter; and muc
Company News:
> Schwab posts strong first quarter. Article
> A look at CDS prices for Merrill Lynch, Morgan Stanley and Lehman Bros. Article
> Fitch may downgrade State Street. Article
> US Bancorp earnings slide. Article
> Lampert boosts stake in Auto
ALSO NOTED: Deal news; Will Bear Stearns CEO Alan Schwartz take job at JP Morgan; Goldman Sachs offloads some debt; and much mo
Company News:
> S&P lowers Wachovia outlook. Article
> Fitch, Moody's affirm Wachovia. Article
> J.C. Flowers will not boost bid for Friends. Article
> Bear Stearns to take impairment charges. Article
> Wachovia CEO defends capital raising plans.
Bond insurer to Fitch: Don't rate us
A sign of the times: Ailing bond insurer MBIA has taken credit-rating agency Fitch to task for not being more tough on muni bond insurers, notes Fortune . The firm made waves when it asked Fitch to stop rating its debt. In another letter, it said Fitch simply does not require enough capital of
