Fitch Ratings has begun a review of its counterparty criteria for global structured finance transactions in light of recent market turmoil.The rating agency notes that markets have recently seen the failure of a number of high-profile institutions, such as the insolvency of Lehman Brothers, government seizure or receivership of the main Icelandic banks, as well […]
Rating agency warns that fund of hedge funds may be unable to meet redemption requirements if risks are not closely monitored
The new outlook reflects ongoing concern about the indstry’s expanding equity market exposure
But Fitch cautions that the transition to the universal banking model has not been an automatic success for other investment banks
Rating agency maintains negative outlook
Credit erosion gains momentum in industrial sector
Recession still a possibility in U.S.; slow growth to linger into 2010
In April, Fitch released its updated methodology for rating corporate CDOs, which primarily invest in assets with maturities of 10 years or less. A critical component of the revised corporate CDO methodology was access to robust data on corporate default rates for maturities of 10 years and less, and the benchmarking of CDO performance against […]
Fitch Ratings has affirmed Canada’s long-term foreign and local currency issuer default ratings at ‘AAA’ with stable outlooks.The rating agency says that Canada’s ‘AAA’ status is underpinned by its high standards of living, the strength of its institutional framework, its stable political system, and its prudent macroeconomic management.“Canada has enjoyed the highest average growth — […]
Fitch Ratings has begun reviewing the ratings on its corporate collateralized debt obligation (CDO) rating portfolio, and says that it expects the review to have a widely variable impact on ratings.The review follows the announcement of Fitch’s updated corporate CDO methodology. It maintains ratings on 483 corporate CDO transactions to which the new criteria will […]