Rating agency affirms ratings for Canadian banks
Fitch Ratings has placed the ratings of nine U.S. banking companies and their subsidiaries on Rating Watch Negative, based in its view that they may be more vulnerable to the credit cycle, the rating agency said Friday.The affected banks are: BB&T Corp., Discover Financial Services, Fifth Third Bancorp, KeyCorp, M&T Bank Corp., Popular, Inc., Regions […]
Vulnerable companies are in the manufacturing and media sectors
U.S. bond issuance declined dramatically in the second half of 2008
Rating agency downgrades Bank of America, Citigroup
Rating agency cites concerns about profitability in market uncertainty
Pace of downgrades expected to slow in 2009
Global corporate rating actions in the third quarter continued to reflect worsening credit and economic conditions with downgrades outnumbering upgrades 3.6 to 1, up from 1.8 to 1 in the second quarter, Fitch Ratings said Thursday.Financial institutions accounted for the brunt of negative rating activity in the third quarter and year-to-date period with downgrades exceeding […]
Fitch Ratings has updated its criteria for rating banks in response to recent developments in the banking industry, the ratings agency said Wednesday.While Fitch has not significantly changed its methodology for rating banks, it has adapted its criteria to address developments in the banking market over recent years, the rating agency said. “As risks in […]
Tighter credit conditions, consumer retrenchment and falling corporate investment lead to sharp deterioration in economic outlook