|
Name
|
Date
|
|
|
|
|
Solidaridad (Playa de Carmen)
|
2009-11-21 |
...A(mex). Alta calidad crediticia. Corresponde a una sólida calidad crediticia respecto a otras entidades, emisores o emisiones del paÃs. Sin embargo, cambios en las circunstancias o condiciones económicas, pudieran afectar la capacidad de pago oportuno de sus compromisos financieros, en un grado mayor que para aquellas obligaciones financieras calificadas con categorÃas superiores....
|
|
|
| Almacenadora Accel, S.A. de C.V., Organización Auxiliar de Crédito
|
2009-11-21 |
... Accel, S.A. de C.V., Organización Auxiliar de Crédito (Accel), reflejan los recientes y significativos faltantes de mercancÃas que la compañÃa reportó en bodegas habilitadas; no obstante, la compañÃa sigue mostrando una adecuada estrategia de crecimiento, diversificación de sus centros de almacenaje y oferta de servicios, asà como, buena estructura de capital y desempeño financiero; las calificaciones también incorporan, la afectación del entorno económico adverso y prolongado sobre algunos de sus clientes, asà como una fuerte competencia en el sector. Accel mantiene una estructura financiera adecuada; a junio de #### el activo total fue de $#,###.# millones de pesos (mdp) reportando un crecimiento marginal del #.#% respecto al mismo periodo del año anterior. El rubro más importante del activo total fue inmuebles mobiliario y equipo, siendo común en el sector con ##.#%, seguido por el rubro de cuentas por cobrar con #.#%. Su nivel de apalancamiento...
|
|
|
| Caja Popular La Providencia, S.C.L. de C.V.
|
2009-11-21 |
...Historial operativo y acciones positivas para la profesionalización de la administración. La Providencia fue una de las primeras cajas en ser aprobadas para operar por la CNBV bajo la Ley de Ahorro y Crédito Popular (aproximadamente ## de ### sociedades de ahorro y crédito popular cuentan con esta autorización) y a lo largo de su historia de más de ## años ha realizado mejoras en la administración, ya que por ser una institución regulada ha establecido estándares operativos y esquemas de supervisión, adicionalmente se encuentra en proceso de certificación a través de la norma ISO ####-####. Calidad de cartera. La empresa tiene una adecuada calidad crediticia respecto al observado en el sector de créditos de consumo, con niveles de cartera vencida que se ubican al #T## en #.##%, la cual se encuentra reservada en un ###.#%, sin embargo durante el #### y hasta el tercer trimestre de #### los castigos de cartera respecto a cartera total se vieron incrementados (##: #.#%, ##:#.#%, #T##:#.#%),...
|
|
|
| ING Arrendadora, S.A. de C.V, OAC
|
2009-11-21 |
...Las calificaciones asignadas a ING Arrendadora, S.A. de C.V., Organización Auxiliar de Crédito (ING Arrendadora) reflejan, entre otros aspectos, el soporte implÃcito de ING Group (con calificación internacional por esta agencia calificadora de ,,AA-, con perspectiva negativa) hacia ING Arrendadora al ser su compañÃa tenedora en última instancia, asà como la elevada experiencia de su administración, que en conjunto a las polÃticas, estrategias y procedimientos implementados, han sido fundamentales para impulsar una empresa con perfil de bajo riesgo y sólida presencia en el mercado de arrendamiento financiero....
|
|
|
| Factor Optimo, S.A. de C.V, SOFOM
|
2009-11-21 |
...se fundamentan en la favorable evolución del negocio, su bajo nivel de apalancamiento (pasivo total / capital contable) y por su razonable indicador de cartera vencida, aunque con bajas estimaciones para riesgos crediticios. Por otra parte, las calificaciones también reflejan los ajustados indicadores de eficiencia y rentabilidad, asà como el efecto del entorno económico actual que puede presionar la calidad crediticia de algunos de sus clientes....
|
|
|
| Value Factoraje, S.A. de C.V, SOFOM
|
2009-11-21 |
...Las calificaciones de los programas de de Certificados Bursátiles de Corto Plazo de Value Factoraje, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada, Value Grupo Financiero (VALFACT) se fundamenta principalmente por la capacidad y experiencia de la administración, la cual recae en Value Grupo Financiero, asà como su bajo nivel de apalancamiento y sus buenos indicadores de rentabilidad. Por otra parte, la calificación también considera sus altos Ãndices de cartera vencida y su limitada diversificación dentro de su portafolio; asimismo el fondeo de VALFACT se encuentra concentrado en su totalidad en el mercado bursátil....
|
|
|
| Credipyme
|
2009-11-21 |
...Rentabilidad. El descenso en el ritmo de colocación de cartera, aunado al aumento de activos improductivos en la forma de cartera vencida y bienes adjudicados han presionado a la baja los niveles de rentabilidad....
|
|
|
| Fitch Rates New York City TFA's Bank Bonds 'AA+'; Outlook Stable
|
2009-11-20 |
Fitch Rates New York City TFA's Bank Bonds 'AA+'; Outlook Stable ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings assigns an 'AA+' rating to bank bonds corresponding to the following two series of New... |
|
|
| Fitch Publishes U.S. CMBS Focus Report on GSMS 2006-GG8
|
2009-11-20 |
Fitch Publishes U.S. CMBS Focus Report on GSMS ####-GG# ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has published its U.S. CMBS Focus Performance Report on GS Mortgage Securities Corporation II, series... |
|
|
| Fitch Rates Maryland's $50MM GO QSCBs and $5.6MM GO QZABs 'AAA'
|
2009-11-20 |
Fitch Rates Maryland's $##MM GO QSCBs and $#.#MM GO QZABs 'AAA' ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings assigns an 'AAA' rating to two series of State of Maryland general obligation (GO) qualified... |
|
|
| Fitch Rates Oglethorpe Power's (Georgia) $115MM Pollution Control Revs 'A'; Outlook Stable
|
2009-11-20 |
Fitch Rates Oglethorpe Power's (Georgia) $###MM Pollution Control Revs 'A'; Outlook Stable ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has assigned an unenhanced 'A' rating to the following Georgia... |
|
|
| Fitch Affirms San Benito, Texas' GOs & COs at 'A-'; Outlook Stable
|
2009-11-20 |
Fitch Affirms San Benito, Texas' GOs & COs at 'A-'; Outlook Stable ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: As part of routine surveillance, Fitch Ratings has affirmed the 'A-' rating on $###,### in outstanding... |
|
|
| Fitch Affirms Cobb County Solid Waste Auth's (GA) Rev Rfdg Bonds at 'AAA': Outlook Stable
|
2009-11-20 |
Fitch Affirms Cobb County Solid Waste Auth's (GA) Rev Rfdg Bonds at 'AAA': Outlook Stable ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: As part of its ongoing surveillance efforts, Fitch Ratings affirms its 'AAA'... |
|
|
| Fitch: Change in Swap Counterparty Would Not Affect Ratings on Commodore CDO III, Ltd./Inc.
|
2009-11-20 |
Fitch: Change in Swap Counterparty Would Not Affect Ratings on Commodore CDO III, Ltd./Inc. ## Nov #### #:## PM (EST) Fitch Ratings-Chicago-## November ####: Fitch Ratings was notified of the intention to change the interest rate swap... |
|
|
| Fitch Downgrades Indianapolis-Marion County Public Library, IN's GOs to 'AA'; Outlook Stable
|
2009-11-20 |
Fitch Downgrades Indianapolis-Marion County Public Library, IN's GOs to 'AA'; Outlook Stable ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: In the course of routine surveillance, Fitch Ratings has downgraded Indianapolis-Marion... |
|
|
| Fitch Publishes U.S. CMBS Focus Report on BACM 2007-1
|
2009-11-20 |
Fitch Publishes U.S. CMBS Focus Report on BACM ####-# ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has published its U.S. CMBS Focus Performance Report on Banc of America Commercial Mortgage Inc.,... |
|
|
| Fitch Publishes U.S. CMBS Focus Report on GSMS 2007-GG10
|
2009-11-20 |
Fitch Publishes U.S. CMBS Focus Report on GSMS ####-GG## ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has published its U.S. CMBS Focus Performance Report on GS Mortgage Securities Corporation II,... |
|
|
| Fitch Affirms Grupo Ferroviario Mexicano's IDRs at 'BBB-'; Ferromex Debt at 'AA(mex)'
|
2009-11-20 |
Fitch Affirms Grupo Ferroviario Mexicano's IDRs at 'BBB-'; Ferromex Debt at 'AA(mex)' ## Nov #### #:## PM (EST) Fitch Ratings-Chicago-## November ####: Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of Grupo Ferroviario... |
|
|
| Fitch ratifica calificacion 'AA(mex)' de Ferromex
|
2009-11-20 |
Fitch ratifica calificacion 'AA(mex)' de Ferromex ## Nov #### #:## PM (EST) Fitch Ratings-Monterrey-## November ####: Fitch Ratings ratifico las calificaciones de Grupo Ferroviario Mexicano, S.A. de C.V. y su subsidiaria Ferrocarril... |
|
|
| Fitch califico a los instrumentos de Columbia Tarjetas XIII
|
2009-11-20 |
Fitch califico a los instrumentos de Columbia Tarjetas XIII ## Nov #### #:## PM (EST) Fitch Ratings-Buenos Aires-## November ####: Fitch asigno la calificacion AAA(arg) a los Valores de Deuda Fiduciaria Clase A (VDFA) por hasta VN $... |
|
|
| Fitch Affirms Connecticut Student Loan Foundation 2004 Indenture Sr Notes
|
2009-11-20 |
Fitch Affirms Connecticut Student Loan Foundation #### Indenture Sr Notes ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings affirms the senior student loan notes of the Connecticut Student Loan Foundation,... |
|
|
| Fitch Affirms Nelnet Student Loan Corp.-1, 1996 Indenture Senior Notes
|
2009-11-20 |
Fitch Affirms Nelnet Student Loan Corp.-#, #### Indenture Senior Notes ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings affirms the senior student loan notes of the National Education Loan Network (Nelnet)... |
|
|
| Fitch Affirms 4 & Downgrades 4 Classes of Race Point CLO; Assigns LS Ratings & Revises Outlooks
|
2009-11-20 |
Fitch Affirms # & Downgrades # Classes of Race Point CLO; Assigns LS Ratings & Revises Outlooks ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has affirmed four and downgraded four classes of notes issued... |
|
|
| Fitch Downgrades MSC 2006-SRR2; Removes from Watch Negative
|
2009-11-20 |
Fitch Downgrades MSC ####-SRR#; Removes from Watch Negative ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has downgraded and removed from Rating Watch Negative ## classes issued by MSC ####-SRR# as... |
|
|
| Fitch Upgrades Lion Connecticut Holdings' Debt to 'A'
|
2009-11-20 |
Fitch Upgrades Lion Connecticut Holdings' Debt to 'A' ## Nov #### #:## PM (EST) Fitch Ratings-Chicago-## November ####: Fitch Ratings has upgraded Lion Connecticut Holdings' guaranteed, senior unsecured debt ratings to 'A' from 'BBB+'.... |
|
|
| New Jersey Environmental Infrastructure Trust - environmental infrastructure bonds ser 2009A,B&C
|
2009-11-20 |
...Due to significant overcollateralization from loan repayments, New Jersey Environmental Infrastructure Trust's (NJEIT, or the trust) state revolving fund (SRF) bond program can withstand significant borrower defaults without causing bond payment interruptions. The program's loan security is strong, with more than ##% of loan principal backed by general obligation or net system revenue pledges. In addition, approximately ##% of loans are estimated to exhibit investment-grade characteristics....
|
|
|
| Tabasco
|
2009-11-20 |
...A(mex). Alta Calidad Crediticia. Corresponde a una sólida calidad crediticia respecto a otras entidades, emisores o emisiones del paÃs. Sin embargo, cambios en las circunstancias o condiciones económicas, pudieran afectar la capacidad de pago oportuno de sus compromisos financieros, en un grado mayor que para aquellas obligaciones financieras calificadas con categorÃas superiores....
|
|
|
| Chester County, Pennsylvania - GO bonds ser 2009B&C
|
2009-11-20 |
...Chester County maintains solid financial operations and reserve levels. The county's management, planning strategies, and policies are strong and fiscally prudent. Budgeting practices are conservative. The county benefits from high wealth and income levels. The large diverse tax base provides significant stability....
|
|
|
| Kleen Energy Systems, LLC
|
2009-11-20 |
...Fitch rates Kleen Energy Systems, LLC's (Kleen) $### million term loan A and a $### million term loan B (the term loans) `BBB' with a Stable Outlook. The proceeds of the term loans are being used to finance the construction of a generating facility (the project) near the city of Middletown, Conn. The term loan A and term loan B will mature eight and ## years, respectively, after the commercial operation date. Kleen is a special-purpose company created solely to develop, own, and operate the project. Energy Investors Funds (EIF) indirectly owns an ##% economic interest in Kleen through its subsidiaries United States Power Fund II LP, USPF II Institutional Fund LP, and United States Power Fund III LP. The balance of the ownership interests are held by White Rock Holdings Associates LLC, a project development company owned by O&G Industries (O&G), and individual investors. The project will consist of a ###-MW dual-fuel, combined-cycle electric generating facility. Kleen will provide capacity...
|
|
|
| Leveraged Finance Weekly
|
2009-11-20 |
...NOTE: The Leveraged Finance Weekly will not be published on Friday, Nov. ##, #### due to the Thanksgiving Day holiday....
|
|
|
| NAIC Capital Relief Measures Not Expected to Impact U.S. Life Ratings: Fitch
|
2009-11-20 |
...Fitch Ratings expects U.S. life insurers' reported risk-based capital (RBC) ratios to be affected in #### by several state regulatory capital relief efforts. Fitch does not expect these efforts to have a significant impact on its U.S. life ratings because the agency looks through the reported ratios to develop its own view of capital adequacy. The National Association of Insurance Commissioners (NAIC) has adopted several measures and is in the process of adopting another measure, all designed to provide capital relief to life insurers in ####. The relief is designed primarily to offset the negative impact of the credit market turmoil on the industry's reported NAIC RBC ratios. Five proposals have already received final passage, and another is expected to be approved by the end of the year. Fitch anticipates that the most significant RBC impact will come from reduced capital charges related to the industry's holdings of non-agency RMBS. It is not clear how significant the capital relief...
|
|
|
| Columbia Tarjetas XIII
|
2009-11-20 |
...Riesgo crediticio: el riesgo crediticio reside en la calidad de los créditos a fideicomitir, y que se evaluó a partir de los niveles de morosidad, precancelaciones y tasa de pago mensual tanto de la cartera histórica de Columbia Tarjetas como las de las series anteriores. Debido al deterioro macroeconómico a nivel local e internacional, los niveles de mora de la cartera de tarjetas de crédito de Banco Columbia S.A. comenzaron a aumentar a partir del año ####....
|
|
|
| GS Mortgage Securities Corporation II, Series 2006-GG8 - U.S. CMBS Focus Performance Report
|
2009-11-20 |
...This report summarizes key credit characteristics of the GS Mortgage Securities Corporation II (GSMS), series ####-GG# transaction, following Fitch Ratings' most recent full transaction review of GSMS ####-GG# conducted in August ####. Furthermore, the report has been updated to reflect the most recently reported performance information available, through the Oct. ##, #### remittance date. Projected term and maturity losses referred to herein are a reflection of Fitch's modeled treatment of the loans, which is prospective in nature and incorporates assumptions indicative of the current stressed market environment. These assumptions include modeled refinance tests, peak-to- trough cash flow declines, and market value declines relative to issuance. ·The transaction has the highest Fitch-modeled recognized losses and potential losses of its vintage, at #.#% and ##.#%, respectively. ·As of the October #### remittance, classes K through S are experiencing interest shortfalls. ·Specially serviced...
|
|
|
| Fitch Rates Anchorage, Alaska's $50MM Water Rev Refunding Bonds 'AA-'; Affirms Outstanding Bonds
|
2009-11-20 |
Fitch Rates Anchorage, Alaska's $##MM Water Rev Refunding Bonds 'AA-'; Affirms Outstanding Bonds ## Nov #### ##:## AM (EST) Fitch Ratings-San Francisco-## November ####: Fitch Ratings assigns an 'AA-' rating to the Municipality of Anchorage,... |
|
|
| Fitch Downgrades 3 and Affirms 3 Classes of Vertical ABS CDO 2006-2, Ltd./Corp.
|
2009-11-20 |
Fitch Downgrades # and Affirms # Classes of Vertical ABS CDO ####-#, Ltd./Corp. ## Nov #### ##:## PM (EST) Fitch Ratings-Chicago-## November ####: Fitch Ratings has downgraded three and affirmed three classes of notes issued by Vertical... |
|
|
| Fitch Affirms JohnsonDiversey's Ratings; Outlook Positive
|
2009-11-20 |
Fitch Affirms JohnsonDiversey's Ratings; Outlook Positive ## Nov #### ##:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has affirmed all ratings for JohnsonDiversey, Inc. (JohnsonDiversey) and its holding company... |
|
|
| Fitch Publishes U.S. CMBS Focus Report on COMM 2006-C7
|
2009-11-20 |
Fitch Publishes U.S. CMBS Focus Report on COMM ####-C# ## Nov #### ##:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has published its U.S. CMBS Focus Performance Report on the COMM ####-C# Mortgage Trust. The report... |
|
|
| Fitch Affirms Union Hospital (Affinity Health Alliance), MD Hosp Rev Bonds at 'A'; Outlook Stable
|
2009-11-20 |
Fitch Affirms Union Hospital (Affinity Health Alliance), MD Hosp Rev Bonds at 'A'; Outlook Stable ## Nov #### ##:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has affirmed the 'A' rating on the approximately $##.#... |
|
|
| Fitch Affirms Grupo Mexico, Southern Copper & Americas Mining on Asarco Ruling
|
2009-11-20 |
Fitch Affirms Grupo Mexico, Southern Copper & Americas Mining on Asarco Ruling ## Nov #### ##:## PM (EST) Fitch Ratings-Chicago/Monterrey-## November ####: Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) and outstanding... |
|
|
| Fitch confirma en A(uy) a las ONs de Puerta del Sur
|
2009-11-20 |
Fitch confirma en A(uy) a las ONs de Puerta del Sur ## Nov #### ##:## PM (EST) Fitch Ratings-Buenos Aires-## November ####: Fitch Uruguay confirmo en la Categoria A(uy) a las Obligaciones Negociables (ONs) por US$ ## MM de Puerta del... |
|
|
| Fitch Rates Ivy Tech Community College of Indiana $89.8MM Student Fee Revs 'AA-'; Outlook Stable
|
2009-11-20 |
Fitch Rates Ivy Tech Community College of Indiana $##.#MM Student Fee Revs 'AA-'; Outlook Stable ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings assigns an 'AA-' rating to the $##,###,### Trustees of... |
|
|
| Fitch Affirms Indian Health Council's (California) 1999 COPs at 'BBB-'; Outlook Stable
|
2009-11-20 |
Fitch Affirms Indian Health Council's (California) #### COPs at 'BBB-'; Outlook Stable ## Nov #### #:## PM (EST) Fitch Ratings-San Francisco-## November ####: Fitch Ratings has affirmed the 'BBB-' rating on approximately $#,###,### outstanding... |
|
|
| Fitch Downgrades Abacus 2007-18; Removes from Watch Negative
|
2009-11-20 |
Fitch Downgrades Abacus ####-##; Removes from Watch Negative ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has downgraded and removed from Rating Watch Negative five classes issued by Abacus ####-##... |
|
|
| Fitch Rates India's Gajanan Industries 'B+(ind)'/'F4(ind)'
|
2009-11-20 |
Fitch Rates India's Gajanan Industries 'B+(ind)'/'F#(ind)' ## Nov #### ##:## AM (EST) Fitch Ratings-Chennai/Mumbai/Singapore-## November ####: Fitch Ratings has today assigned India's Gajanan Industries (GI) a National Long-term rating... |
|
|
| Fitch Rates India's Gajanan Agro 'BB-(ind)'/'F4(ind)'
|
2009-11-20 |
Fitch Rates India's Gajanan Agro 'BB-(ind)'/'F#(ind)' ## Nov #### ##:## AM (EST) Fitch Ratings-Chennai/Mumbai/Singapore-## November ####: Fitch Ratings has today assigned India's Gajanan Agro Mills Pvt Ltd (GAMPL) a National Long-term... |
|
|
| Fitch Downgrades PYME Valencia 1 FTA; off RWN
|
2009-11-20 |
Fitch Downgrades PYME Valencia # FTA; off RWN ## Nov #### ##:## AM (EST) Fitch Ratings-London/Madrid-## November ####: Fitch Ratings has today downgraded PYME Valencia #, FTA and removed them from Rating Watch Negative (RWN). EUR###,###,###... |
|
|
| Fitch Downgrades Acea to 'A'; off RWN; Outlook Negative
|
2009-11-20 |
Fitch Downgrades Acea to 'A'; off RWN; Outlook Negative ## Nov #### ##:## AM (EST) Fitch Ratings-Milan/Barcelona/London-## November ####: Fitch Ratings has today downgraded Acea SpA's (Acea) Long-term Issuer Default Rating (IDR) to 'A'... |
|
|
| Fitch Affirms Deutsche Bahn AG at 'AA'/'F1+'; Stable Outlook
|
2009-11-20 |
Fitch Affirms Deutsche Bahn AG at 'AA'/'F#+'; Stable Outlook ## Nov #### ##:## AM (EST) Fitch Ratings-Milan/London/Paris-## November ####: Fitch Ratings has today affirmed Deutsche Bahn AG's (DB) Long-term Issuer Default Rating (IDR)... |
|
|
| Fitch Affirms Three Pillars, Wisconsin's Rev Bonds at 'A-'; Outlook Stable
|
2009-11-20 |
Fitch Affirms Three Pillars, Wisconsin's Rev Bonds at 'A-'; Outlook Stable ## Nov #### ##:## AM (EST) Fitch Ratings-Chicago-## November ####: Fitch Ratings affirms the 'A-' rating and underlying rating on approximately $## million Wisconsin... |
|
|
| Fitch Affirms Friendship Village of Dublin, Ohio at 'A-'; Outlook Stable
|
2009-11-20 |
Fitch Affirms Friendship Village of Dublin, Ohio at 'A-'; Outlook Stable ## Nov #### ##:## AM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has affirmed the 'A-' underlying rating on approximately $##.# million Franklin... |
|
|
| Fitch: Effective Disclosure Practices Reflect Strong SHFA Programs
|
2009-11-20 |
Fitch: Effective Disclosure Practices Reflect Strong SHFA Programs ## Nov #### ##:## AM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings says effective disclosure practices implemented by state housing finance agencies (SHFAs)... |
|
|
| Amendment: Fitch Takes Rating Actions on 8 Moscow-Based Banks
|
2009-11-20 |
Amendment: Fitch Takes Rating Actions on # Moscow-Based Banks ## Nov #### ##:## AM (EST) Fitch Ratings-London/Moscow-## November ####: This announcement amends the version issued earlier today to clarify that all ratings of CFC Bank... |
|
|
| Fitch Rates Asbury Maryland Obligated Group's (MD) 2009A&B Revs 'BBB-'; Affirms Outstanding
|
2009-11-20 |
Fitch Rates Asbury Maryland Obligated Group's (MD) ####A&B Revs 'BBB-'; Affirms Outstanding ## Nov #### ##:## AM (EST) Fitch Ratings-Chicago-## November ####: Fitch Ratings has assigned an unenhanced 'BBB-' rating on approximately $##.#... |
|
|
| Fitch Rates Spain's Caja Segovia Guaranteed Notes 'AAA'
|
2009-11-20 |
Fitch Rates Spain's Caja Segovia Guaranteed Notes 'AAA' ## Nov #### ##:## AM (EST) Fitch Ratings-Barcelona/London-## November ####: Fitch Ratings has today assigned Caja de Ahorros y Monte de Piedad de Segovia's (Caja Segovia) EUR##m... |
|
|
| Fitch Rates Forsyth County, North Carolina's LOBs 'AA+'; Outlook Stable
|
2009-11-20 |
Fitch Rates Forsyth County, North Carolina's LOBs 'AA+'; Outlook Stable ## Nov #### ##:## AM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has assigned an 'AA+' rating to Forsyth County, North Carolina's (the county) estimated... |
|
|
| Fitch Rates PSE&G Secured MTNs 'A'
|
2009-11-20 |
Fitch Rates PSE&G Secured MTNs 'A' ## Nov #### ##:## AM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has assigned an 'A' rating to Public Service Electric and Gas Co.'s (PSE&G) $### million issue of #.###% secured medium-term... |
|
|
| Fitch ratifica la calificacion del Municipio de Nogales, Son., la perspectiva crediticia es estable
|
2009-11-20 |
Fitch ratifica la calificacion del Municipio de Nogales, Son., la perspectiva crediticia es estable ## Nov #### ##:## AM (EST) Fitch Ratings-Monterrey-## November ####: Fitch Ratings ratifico la calificacion de BBB+(mex) 'Triple B mas,... |
|
|
| Fitch Takes Rating Actions on Four Jubilee and Wood Street CLOs
|
2009-11-20 |
Fitch Takes Rating Actions on Four Jubilee and Wood Street CLOs ## Nov #### ##:## AM (EST) Fitch Ratings-London-## November ####: Fitch Ratings has today taken various rating actions on four collateralised loan obligations (CLOs) of... |
|
|
| Fitch Downgrades and Withdraws the Ratings on Tigris CDO 2007-1, Ltd./LLC.
|
2009-11-20 |
Fitch Downgrades and Withdraws the Ratings on Tigris CDO ####-#, Ltd./LLC. ## Nov #### ##:## AM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has downgraded and withdrawn the ratings of seven classes of notes issued by... |
|
|
| Fitch Assigns Spain's FROB First Bond Final 'AAA' Rating
|
2009-11-20 |
Fitch Assigns Spain's FROB First Bond Final 'AAA' Rating ## Nov #### ##:## AM (EST) Fitch Ratings-Barcelona/London-## November ####: Fitch Ratings has today assigned Fondo de Reestructuracion Ordenada Bancaria's (FROB) first bond issue,... |
|
|
| Fondo de Reestructuración Ordenada Bancaria
|
2009-11-20 |
...Fitch Ratings has assigned the first issue by the Fondo de Reestructuración Ordenada Bancaria (Fund for Orderly Bank Restructuring; FROB) a Local Currency LongTerm Rating of `AAA'....
|
|
|
| Skipton Building Society
|
2009-11-20 |
...Skipton Building Society's (Skipton) LongTerm and ShortTerm IDRs and Individual Rating reflect its adequate asset quality and capitalisation, as well as its sound funding and liquidity management. The ratings also consider the risks in managing a diverse portfolio of individual subsidiary businesses, many of which are correlated to the UK housing market....
|
|
|
| Skipton Building Society
|
2009-11-20 |
...Skipton Building Society's (Skipton) LongTerm and ShortTerm IDRs and Individual Rating reflect its adequate asset quality and capitalisation, as well as its sound funding and liquidity management. The ratings also consider the risks in managing a diverse portfolio of individual subsidiary businesses, many of which are correlated to the UK housing market....
|
|
|
| Landesbank Saar
|
2009-11-20 |
...The Issuer Default Ratings and Support Ratings of Landesbank Saar (SaarLB) reflect the support it would receive from its majority owner, Bayerische Landesbank (BayernLB; LongTerm IDR `A+'/Rating Watch Negative), if needed....
|
|
|
| Landesbank Saar
|
2009-11-20 |
...The Issuer Default Ratings and Support Ratings of Landesbank Saar (SaarLB) reflect the support it would receive from its majority owner, Bayerische Landesbank (BayernLB; LongTerm IDR `A+'/Rating Watch Negative), if needed....
|
|
|
| William Beaumont Hospital Obligated Group (City of Royal Oak Hospital Finance Authority, MI) - hosp rev bnds ser 2009W
|
2009-11-20 |
...Since #### William Beaumont Hospital Obligated Group's (Beaumont) has experienced an erosion of its operating profitability due to a rising percentage of governmental payors and a decline in managed care/commercial volumes. In the nine month interim period ended Sept. ##, #### management has successfully implemented over $### million of cost containment initiatives that have resulted in improved operating profitability as compared to ####. Beaumont's reputational and clinical excellence has been a primary factor in volume growth and market share gains. The Royal Oak Hospital is consistently named a "Top Hospital" by U.S. News & World Report and in public opinion polls. Within its defined service area, Beaumont increased its leading market share to ##.#% in #### and has experienced the highest market share increase among all competitors since ####....
|
|
|
| GS Mortgage Securities Corporation II, Series 2007-GG10 - U.S. CMBS Focus Performance Report
|
2009-11-20 |
...This report summarizes key credit characteristics of the GS Mortgage Securities Corporation II (GSMSC), series ####-GG##, transaction, following Fitch Ratings' most recent full transaction review conducted in July ####. Further, the report has been updated to reflect the most recently reported performance information available through the Oct. ##, #### remittance date. Projected term and maturity losses referred to herein are a reflection of Fitch's modeled treatment of the loans, which is prospective in nature and incorporates assumptions indicative of the current stressed market environment. These assumptions include modeled refinance tests, peak-to- trough cash flow declines, and market value declines relative to issuance. ·The transaction has higher than average Fitch-modeled losses and potential losses relative to its vintage, at #.#% and ##.#%, respectively. Fitch's weighted average recognized and potential losses for the #### vintage are #.#% and #.#%, respectively. ·Specially serviced...
|
|
|
| Absa Group Limited
|
2009-11-20 |
...The LongTerm Foreign and Local Currency IDRs of Absa Group Limited (Absa) and its main subsidiary Absa Bank reflect majority ownership by Barclays Bank Plc (Barclays; `AA'). The Individual Rating reflects Absa's significantly higher impairment charges and weakening assetquality indicators....
|
|
|
| Absa Group Limited
|
2009-11-20 |
...The LongTerm Foreign and Local Currency IDRs of Absa Group Limited (Absa) and its main subsidiary Absa Bank reflect majority ownership by Barclays Bank Plc (Barclays; `AA'). The Individual Rating reflects Absa's significantly higher impairment charges and weakening assetquality indicators....
|
|
|
| Puerta del Sur S.A.
|
2009-11-20 |
...La calificación asignada refleja la fortaleza crediticia del emisor, cuyo contrato de concesión exclusivo para operar el Aeropuerto Internacional de Carrasco (AIC) por ## años le otorga ingresos cautivos provenientes de las tasas que se cobran por los servicios aeronáuticos. La calificación contempla la importancia del activo operado a través de un monopolio regulado. Asimismo, se considera positivamente la experiencia del grupo controlante en la administración de aeropuertos, y la importancia estratégica de PDS para el grupo. Los fondos provenientes de la emisión se destinaron a la construcción de la nueva terminal del aeropuerto, de acuerdo a lo establecido en el Contrato de Gestión Integral. El monto total de la obra ha sido de US$ ### MM, contra los US$ ###.# MM originalmente previstos, debido a la existencia de sobre-costos y a mejoras realizadas al proyecto original. Para financiar esta diferencia PDS recurrió a nuevo endeudamiento bancario de largo plazo, en el orden de los US$ ##...
|
|
|
| Fitch Rates Alaska Municipal Bond Bank GOs 'AA-'; Outlook Stable
|
2009-11-20 |
Fitch Rates Alaska Municipal Bond Bank GOs 'AA-'; Outlook Stable ## Nov #### ##:## AM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings assigns an 'AA-' rating to $##.# million in Alaska Municipal Bond Bank (AMBB) general... |
|
|
| Fitch Affirms Caterpillar India Private Ltd's Bank Loan Rtgs at 'AAA(ind)'/'F1+(ind)'; O/look Stable
|
2009-11-20 |
Fitch Affirms Caterpillar India Private Ltd's Bank Loan Rtgs at 'AAA(ind)'/'F#+(ind)'; O/look Stable ## Nov #### #:## AM (EST) Fitch Ratings-Mumbai/Singapore-## November ####: Fitch Ratings has today affirmed Caterpillar India Private... |
|
|
| Fitch Affirms Bon-Ton's IDR at 'B-'; Outlook to Stable from Negative
|
2009-11-20 |
Fitch Affirms Bon-Ton's IDR at 'B-'; Outlook to Stable from Negative ## Nov #### #:## AM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has affirmed the following ratings for Bon-Ton and revised the Rating Outlook to Stable... |
|
|
| Fitch Affirms Empresa de Energia de Bogota's IDRs at 'BB'; Outlook Negative
|
2009-11-20 |
Fitch Affirms Empresa de Energia de Bogota's IDRs at 'BB'; Outlook Negative ## Nov #### #:## AM (EST) Fitch Ratings-Chicago/Bogota-## November ####: Fitch Ratings has affirmed Empresa de Energia de Bogota S.A. ESP's (EEB) foreign and... |
|
|
| Fitch Affirms Flowserve at 'BB+'; Outlook Revised to Positive
|
2009-11-20 |
Fitch Affirms Flowserve at 'BB+'; Outlook Revised to Positive ## Nov #### #:## AM (EST) Fitch Ratings-Chicago-## November ####: Fitch Ratings has affirmed Flowserve Corporation's Issuer Default Rating (IDR) and senior secured bank facilities... |
|
|
| Fitch Affirms Transportadora de Gas Internacional's IDRs at 'BB'; Outlook Negative
|
2009-11-20 |
Fitch Affirms Transportadora de Gas Internacional's IDRs at 'BB'; Outlook Negative ## Nov #### ##:## AM (EST) Fitch Ratings-Chicago-## November ####: Fitch Ratings has affirmed Transportadora de Gas Internacional S.A. E.S.P.'s (TGI)... |
|
|
| Fitch to Recommence Rating Bank-Issued Notes With Embedded Market Risk
|
2009-11-20 |
Fitch to Recommence Rating Bank-Issued Notes With Embedded Market Risk ## Nov #### #:## AM (EST) Fitch Ratings-London-## November ####: Fitch Ratings will recommence rating bank issued notes with embedded market risk, or structured notes,... |
|
|
| Fitch Affirms BBVA-HIP 3 SME CDO; off RWN
|
2009-11-20 |
Fitch Affirms BBVA-HIP # SME CDO; off RWN ## Nov #### #:## AM (EST) Fitch Ratings-London/Madrid-## November ####: Fitch Ratings has today taken rating action on BBVA-Hipotecario #, Fondo de Titulizacion de Activos (BBVA-HIP #), a Spanish... |
|
|
| Fitch Withdraws Russia-based Rail Leasing's Ratings
|
2009-11-20 |
Fitch Withdraws Russia-based Rail Leasing's Ratings ## Nov #### #:## AM (EST) Fitch Ratings-London/Moscow-## November ####: Fitch Ratings has today affirmed Russia-based Rail Leasing's (RL) Long-term Issuer Default Rating (IDR) at 'RD'... |
|
|
| Fitch to Rate Nelnet Student Loan Trust 2009-3; Presale Issued
|
2009-11-20 |
Fitch to Rate Nelnet Student Loan Trust ####-#; Presale Issued ## Nov #### #:## AM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings expects to rate Nelnet Student Loan Trust ####-# (NSLT ####-#) as follows: --$###,###,###... |
|
|
| Fitch Rates Oaktree Capital's $250MM Senior Debt 'A-'; Outlook Stable
|
2009-11-20 |
Fitch Rates Oaktree Capital's $###MM Senior Debt 'A-'; Outlook Stable ## Nov #### #:## AM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings has assigned an 'A-' rating to Oaktree Capital Management, L.P.'s (Oaktree) $### million... |
|
|
| Fitch Upgrades Triumph Assets Ltd; Outlooks Stable
|
2009-11-20 |
Fitch Upgrades Triumph Assets Ltd; Outlooks Stable ## Nov #### #:## PM (EST) Fitch Ratings-Hong Kong-## November ####: Fitch Ratings has today affirmed the ratings of the Class AAA notes and upgraded Class AA and Class A notes issued... |
|
|
| Fitch Revises Outlook on BII's National Rating to Positive from Stable
|
2009-11-20 |
Fitch Revises Outlook on BII's National Rating to Positive from Stable ## Nov #### ##:## PM (EST) Fitch Ratings-Singapore/Jakarta-## November ####: Fitch Ratings has today revised the Outlook on PT Bank Internasional Indonesia Tbk's... |
|
|
| Fitch Affirms SK Energy's IDR at 'BBB'; Outlook Remains Negative
|
2009-11-20 |
Fitch Affirms SK Energy's IDR at 'BBB'; Outlook Remains Negative ## Nov #### ##:## AM (EST) Fitch Ratings-Seoul/Hong Kong-## November ####: Fitch Ratings has today affirmed SK Energy Co., Ltd.'s (SKE) Long-term foreign currency Issuer... |
|
|
| Fitch Affirms ANZ Panin Bank's Ratings; Outlook Stable
|
2009-11-20 |
Fitch Affirms ANZ Panin Bank's Ratings; Outlook Stable ## Nov #### #:## AM (EST) Fitch Ratings-Jakarta/Singapore-## November ####: Fitch Ratings has today affirmed PT ANZ Panin Bank's (ANZ Panin) National Long-term rating at 'AA+(idn)',... |
|
|
| Fitch Affirms Silver Oak Notes' Ratings; Outlook Stable
|
2009-11-20 |
Fitch Affirms Silver Oak Notes' Ratings; Outlook Stable ## Nov #### #:## AM (EST) Fitch Ratings-Beijing/Hong Kong/Singapore-## November ####: Fitch Ratings has today affirmed the ratings of the floating rate notes issued by Silver Oak... |
|
|
| Fitch Hosts European CMBS Performance Update; London, 25 November
|
2009-11-20 |
Fitch Hosts European CMBS Performance Update; London, ## November ## Nov #### #:## AM (EST) Fitch Ratings-London-## November ####: Fitch Ratings will discuss European CMBS performance at a seminar on Wednesday ## November in London.... |
|
|
| Fitch Takes Rating Actions on 8 Moscow-Based Banks
|
2009-11-20 |
Fitch Takes Rating Actions on # Moscow-Based Banks ## Nov #### #:## AM (EST) Fitch Ratings-London/Moscow-## November ####: Fitch Ratings has today taken a number of rating actions on eight Russian banks. As part of this action, Fitch... |
|
|
| Fitch Affirms Rand Water at 'AA+(zaf)'; Outlook Stable
|
2009-11-20 |
Fitch Affirms Rand Water at 'AA+(zaf)'; Outlook Stable ## Nov #### #:## AM (EST) Fitch Ratings-London/Johannesburg-## November ####: Fitch Ratings has today affirmed South Africa's largest state-owned bulk water utility, Rand Water's... |
|
|
| Yaroslavl Region
|
2009-11-20 |
...The affirmation of the Yaroslavl Region's ratings reflects its satisfactory budgetary performance, supported by ongoing federal government current and capital transfers and strong regional management. The ratings also factor in concentration on a few taxpayers in cyclical industrial sectors, and significant direct risk, with shortterm maturities in #### and ####....
|
|
|
| South African Securitisation Programme (Pty) Ltd - Series I - (Equipment Rentals Securitisation Series) (SA ABS)
|
2009-11-20 |
...The transaction is a refinancing of a securitisation of equipment leases originated by Sasfin Bank Limited (Sasfin) in South Africa. It refinances notes which reached their scheduled maturity on ## November ####. Fitch Ratings has assigned ratings to the securities issued under Series # (Equipment Rentals Securitisation Series) of an existing ZAR#bn note programme: South African Securitisation Programme (Pty) Ltd (SASP). Concurrently, Fitch affirmed the existing ratings of the securities already outstanding and assigned Loss Severity Ratings (LSRs) to them. The transaction was first closed in ####, before being restructured in ####, and restructured again in ####. In November ####, a refinance took place. The issuer is a special purpose company incorporated in South Africa. The issuer may establish separate note series. Each series will be supported by a separate pool of equipment leases. Within a series, the issuer may from timeÂtotime issue new notes as is happening now with the refinancing...
|
|
|
| FTGENVAL TDA CAM 1, F.T.A. (Spain CDO)
|
2009-11-20 |
...Fitch Ratings has assigned ratings to the notes issued by FTGENVAL TDA CAM #, F.T.A. (the issuer) as indicated above. This transaction is a cash flow securitisation of a static EUR###m pool of #,### secured and unsecured loans (the collateral) granted by Caja de Ahorros del Mediterraneo (CAM or the originator, rated `A'/ Negative Outlook/`F#') to mostly small and mediumsized enterprises (SMEs) and a marginal number (##) of selfemployed individuals (SEIs) in Spain. It is issued under the FTGENVAL Guarantee programme of the Autonomous Community of Valencia, rated `A+'/Stable Outlook/`F#', the autonomous government of the Spanish region of Valencia. The issuer is legally represented and managed by Titulizacion de Activos S.G.F.T., S.A. (TDA or the gestora), a limited liability company incorporated under Spanish law, the activities of which are limited to the management of securitisation funds. The `AAA' rating assigned to the class A#(G) notes is prior to the guarantee granted by the Autonomous...
|
|
|
| La Mondiale
|
2009-11-20 |
...The downgrade of La Mondiale's ratings on # October #### reflected the still moderate, although recovering, profitability and capital adequacy of the group for an insurer rated in the single`A' category. The group's solvency has clearly benefited from credit spread tightening on corporate bonds due to improved liquidity conditions as well as the recovery of European equity markets since March ####. However, the unfavourable conditions in the French real estate market, as well as the shifting demand towards eurodenominated products, will continue to pressurise solvency margins....
|
|
|
| Caisse des Prets et de Soutien des Collectivites Locales
|
2009-11-20 |
...The National Ratings assigned by Fitch Ratings to Caisse des Prêts et de Soutien des Collectivités Locales (CPSCL) are based on potential support from the Tunisian state in case of need and reflect CPSCL's strong links with the Tunisian state and key role as the unique lender to the local authorities....
|
|
|
| Amen Bank
|
2009-11-20 |
...Fitch Ratings only assigns a Support Rating to Amen Bank (AB). The rating reflects Fitch's view that, given AB's importance to the local economy, there would be a moderate probability of support from the Tunisian state if needed....
|
|
|
| Union Bancaire pour le Commerce et l'Industrie
|
2009-11-20 |
...# Months Interim # Months Interim As % of Year End As % of Year End As % of Year End As % of USDm TNDm Assets TNDm Assets TNDm Assets TNDm Assets Original Original Original Original Original Original Original Original Original...
|
|
|
| Henkel AG & Co. KGaA
|
2009-11-20 |
...Positive factors supporting the ratings include Henkel AG & Co. KGaA's (Henkel) solid market positions in the western European laundry and homecare sector, and its strong presence in emerging markets where ##% of Henkel's Q### sales were generated and where organic sales growth was #.#% yoy. Henkel holds a global market leadership position in consumer and industrial adhesives, although this exposes the group to cyclical industries such as automotive and electronics....
|
|
|
| STFCL Loan Securitisation Trust Series 67 (India ABS)
|
2009-11-20 |
...This transaction is a securitisation of a term loan (TL) disbursed to Shriram Transport Finance Co. Ltd (STFCL or the obligor, rated `AA(ind)'/Stable) by ICICI Bank Limited (ICICI Bank or the originator or seller). ICICI Bank has assigned the loan and the underlying receivables to a specialpurpose vehicle (SPV) called STFCL Loan Securitisation Trust Series ##. The SPV will purchase the receivables from ICICI Bank in trust for the benefit of the investors. Thus, effectively, ICICI Bank will sell down the proposed loan and transfer the credit risk to investors. After acquiring the receivables, the SPV will issue pass through certificates (PTCs) to the investors at the discounted value of the cash flows. The issue proceeds will be used by the SPV to pay ICICI Bank as consideration for the purchase of the receivables. ICICI Bank will act as the collection and processing agent and will be responsible for the collection of the receivables from the borrower. ...
|
|
|
| SRTO Trust 2009 (India ABS)
|
2009-11-20 |
...Fitch Ratings has assigned ratings of `F#+(ind)(SO)' to Series A# PassThrough Certificates (PTCs) and `AAA(ind)(SO)' with a Stable Outlook to Series A# PTCs issued by SRTO Trust ####. The PTCs are backed by a pool of used commercial vehicle (CV) loans originated by Shriram Transport Finance Company Ltd. (STFCL, the originator or seller). The loans were originated by STFCL with an aggregate outstanding principal balance of INR#,###.#m and future receivables of INR#,###.#m, as of the cutoff date on ## April ####. The ratings are based on the quality of the collateral, the underwriting criteria and servicing capabilities of STFCL, the financial structure of the transaction and the available credit enhancement (CE), in the form of a cash reserve of ##.#% of the future receivables provided by STFCL. The ratings address the timely payment of interest and timely payment of principal by the scheduled maturity date in accordance with the transaction documentation. The transaction has a par structure...
|
|
|
| Fitch Downgrades 12 Classes from JP Morgan 2005 LDP1; Assigns Outlooks & LS Ratings
|
2009-11-19 |
Fitch Downgrades ## Classes from JP Morgan #### LDP#; Assigns Outlooks & LS Ratings ## Nov #### #:## PM (EST) Fitch Ratings-New York-## November ####: Fitch Ratings takes various rating actions on JP Morgan #### LDP#, commercial mortgage... |
|
