Ratings agency comments on BoC proposal
Fitch Ratings reports that it has been making a variety of reforms designed to enhance the quality and transparency of its credit ratings and to restore confidence and credibility among market participants.The credit rating agency says that it has been making changes to policies, procedures and organization and continues to engage in dialogue with policy […]
Some downgrades are expected
Volatile financial markets have caused many financial institutions to call for relaxation of fair value accounting
Further pockets of negative rating actions are possible
Rally won't last but demand from emerging markets will temper drop somewhat
Agency says loan defaults could rise in 2008
Housing market conditions weigh on ratings
A survey of institutional investors by Fitch Ratings predicts that credit markets are likely to remain rocky until at least the third quarter.Stability in the U.S. credit markets is not expected to return until the third quarter, or later, while stability in the housing market is likely even further off, according to the survey. This […]
Some portfolios could see substantial downgrades