Fitch Research

...Fitch Ratings assigned a `B+/RR#' rating to NOVA's $### million senior notes. The issuances are split into $### million #.###% notes due #### and $### million #.###% notes due ####. Proceeds will be used to refinance existing debt and for general corporate purposes. Proceeds will be used to refinance existing debt and for general corporate purposes. The Rating Outlook is Stable. The ratings reflect improvements to NOVA's credit profile following the closing of its acquisition by Abu Dhabi-based International Petroleum Investment Company, IPIC (issuer default rating [IDR] `AA'/F#+); the still heavy debt load carried by the company, as well as significant near-term maturity schedule; and lingering weakness in global petrochemical markets, driven by the recession. NOVA has received tangible credit support from IPIC of $### million and a $### million equity injection. In addition, the company has secured covenant relief from lenders for all of its facilities until ####. Previous covenants,...

...New Issues AA $##,###,### University of Mississippi Educational Building Corporation Revenue Bonds, Series ####C (Residential College ProjectPhase II) Outstanding Debt $###,###,### University of Mississippi Educational Building Corporation Revenue and Refunding Bonds $###,###,### Mississippi State University Educational Building Corporation Revenue and Refunding Bonds AA AA...

...Fitch Ratings bajó a `A+(mex)' desde `AA-(mex)' las calificaciones correspondientes a las emisiones VRZCB-## y VRZCB-##U, colocadas por ### municipios del Estado de Veracruz (Fideicomitentes Municipales) a través de un Fideicomiso Irrevocable de Emisión, Administración y Pago No. F/### de fecha # de diciembre de #### (Fideicomiso Emisor), constituido en Deutsche Bank México, quien actúa como Fiduciario, y respaldadas con el Impuesto Sobre Tenencia o Uso de Vehículos recaudado en el Estado (ISTUV). El significado de la calificación es "Alta calidad crediticia". La modificación de las calificaciones obedece fundamentalmente al ajuste a la baja en la calificación a la calidad crediticia del Estado de Veracruz a `BBB+(mex)'. De acuerdo con el Fideicomiso Emisor, con el propósito de que un eventual incumplimiento de alguno de los Fideicomitentes Municipales no afecte a los demás fideicomitentes y de hacer operante el esquema financiero establecido en los documentos de emisión, el Estado de Veracruz...

...Olivenhain Municipal Water District Financing Authority's (the district) role as the water supplier to an affluent service area of ##,### people provides a high degree of revenue stability. The district's financial performance has been strong, with debt service coverage of at least #.#x since fiscal #### and very strong liquidity levels. The district's capital improvement plan (CIP) for the next five fiscal years is very manageable, totaling approximately $## million and requiring no additional debt....

...The Morgan Stanley Re-REMIC Trust ####-IO transaction represents the pooling of cash flows from ### U.S. CMBS interest-only (IO) certificates for the creation of principal and interest bonds. IO certificates capture excess spread, which is generally defined as the difference between the weighted average net mortgage rate on the underlying loans and the weighted average coupon (WAC) of the bonds. The ### CMBS IOs include ## WAC IOs, ## support IOs, and ## planed amortization class (PAC) IOs (for a description of the IO structures, see Appendix A, page ##). The resecuritization notes will follow a sequential-pay structure....

...The rating affirmations center on Equity Residential's (EQR) solid franchise, consistent cash flow coverage metrics, and strong liquidity management. Franchise strength is evident in EQR's broad geographic diversification, focus on longer term high-growth markets, demonstrated access to multiple forms of capital, consistent operating strategy, and adequate level of unencumbered assets. The Negative Rating Outlook reflects that leverage, measured by net debt to recurring operating EBITDA, and fixed-charge coverage are likely to worsen given continued weakness in property-level fundamentals over the next ## months. Absent deleveraging, fixed-charge coverage will likely trend below #.#x, and leverage will likely increase above #.#x; these metrics are more appropriate for an issuer default rating (IDR) below `A'. EQR's ratings are indicative of cash flow granularity, as each of EQR's top ## markets generated net operating income (NOI) between #.#% and ##.#% of total second- quarter #### NOI....

...Improved financial management and reporting have stabilized the city's fiscal position from the decreased liquidity and reserve levels earlier this decade. Solid reserves exceed policy, liquidity is consistent with the rating category, and internal service funds remain structurally stable. Steady economic expansion, even in light of the weakened economic climate, coupled with sizable growth prospects help to offset the economic concentration in government and the military. The city's regionally competitive tax rate continues to generate consistent tax levy increases in spite of the recent decline in AV growth. Debt levels are expected to remain moderately low, given the city's manageable debt-supported capital needs....

...North Slope Borough's (the borough) tax base benefits from the production of oil and gas, both essential commodities; increasing geographic, producer, and product diversification; and ongoing public and private sector investment. Nevertheless, the tax base is subject to volatility and is highly concentrated on naturally declining oil and gas reserves and concomitant assessed valuation (AV) declines. The borough's financial position is sound, bolstered by a permanent fund, an increased share of mill rates paid by oil and gas companies, and a large unreserved general fund balance. The borough's bond debt amortizes rapidly, well within the lifespan of the borough's existing oil fields; overall debt levels have been decreasing significantly. While the borough's operating budget tax cap is limited by a state formula, the borough is currently benefiting from increases in its population and per capita average full property tax value....

...El pasado ## de octubre de ####, Fitch Ratings bajó a `BBB+(mex)' desde `A(mex) ' la calificación a la calidad crediticia del Estado de Veracruz. Asimismo, se retira la Observación Negativa ( ). De igual forma, se ajustó a `AA-(mex)' desde `AA(mex)' las calificaciones correspondientes a las emisiones VRZCB-##U y VRZCB-##, colocadas por el Estado de Veracruz a través de un Fideicomiso Emisor (FE), las cuales tienen como fuente de pago el Impuesto sobre la Tenencia y Uso de Vehículos (ISTUV), y cuyo monto emitido en conjunto ascendió inicialmente a $#,### millones de pesos (mdp). Las perspectivas crediticias de las calificaciones son `estables'. La modificación a la calificación a la calidad crediticia del Estado de Veracruz obedece principalmente a: (a) elevado nivel de gasto operacional y con tasas mayores de crecimiento respecto a las observadas en los principales componentes de los ingresos corrientes; (b) bajos y variables niveles de generación de flujo libre disponible (ahorro interno);...

Fitch Rates TAM's Proposed Notes 'BB-' ## Oct #### #:## PM (EDT) Fitch Ratings-Rio de Janeiro/New York-## October ####: Fitch Ratings has assigned a 'BB-' rating to TAM S.A's (TAM) USD### million proposed senior guaranteed notes due...

Fitch Rates Suffolk County, NY's ####C Public Improvement Serial Bonds 'AA-'; #### TANs & BANs 'F#+' ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has assigned an 'AA-' rating to Suffolk County, New...

Fitch to Upgrade $##MM Maryland Health & Higher Ed Fac Auth Revs (UMMS) Series ####D ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Effective Oct. ##, ####, Fitch Ratings will upgrade the ratings assigned to the $##,###,###...

Fitch SMARTView: # U.S. ABS Auto Sector Deals Placed 'Under Analysis' ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Following its monthly surveillance review, Fitch Ratings has identified four U.S. asset-backed securities...

Fitch confirma en A+(arg) la calificacion de Banco Hipotecario ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch confirmo en A+(arg) la calificacion nacional de largo plazo del Programa Global de Obligaciones...

Fitch confirma en AA-(arg) las calificaciones de Rombo ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch Argentina confirmo en la Categoria AA-(arg) la calificacion del Programa Global de ON por $ ### millones,...

Fitch confirma las calificaciones de Tarjetas Cuyanas S.A. ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch Argentina, Buenos Aires: Fitch Argentina asigno la Categoria "A-(arg)" a la Serie XX de Obligaciones...

Fitch Rates Douglas County School District, Colorado $###MM GOs 'AA' ## Oct #### #:## PM (EDT) Fitch Ratings-Austin-## October ####: Fitch Ratings assigns an 'AA' rating to Douglas County School District Re. #, Colorado's (the district)...

Fitch Upgrades & Removes from Watch Negative Sovran Self Storage, Inc; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has upgraded the following ratings for Sovran Self Storage, Inc. and...

Fitch SMARTView: # U.S. ABS Equipment Leasing/Loans Transactions Placed 'Under Analysis' ## Oct #### #:## PM (EDT) Fitch Ratings-Chicago-## October ####: Following its monthly surveillance review, Fitch Ratings identified two U.S. ABS...

Fitch SMARTView: # U.S. ABS SBA/Small Business Transactions Placed Under Analysis ## Oct #### #:## PM (EDT) Fitch Ratings-Chicago-## October ####: Following its monthly surveillance review, Fitch Ratings identified four U.S. ABS SBA/Small...

Fitch Withdraws Ratings on # Classes from # Newcastle CRE CDOs; Places # on Watch Negative ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has placed on Rating Watch Negative six classes of notes from...

Fitch Downgrades Capistrano USD School Facilities Improvement Dist No. # (CA) GOs to 'A+' ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: In the course of routine surveillance, Fitch Ratings downgrades Capistrano Unified...

Fitch Rates Colorado Water Authority, CO's ####A Clean Water Revs 'AAA'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-Chicago-## October ####: Fitch Ratings assigns an 'AAA' rating to the Colorado Water Resources and Power...

Fitch confirmo en la categoria A+(arg) a los BOGAR ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch Argentina confirmo en A+(arg) la calificacion de los Bonos Garantizados (BOGAR) #### y ####, emitidos el #...

Fitch confirmo la calificacion del Fideicomiso SCCM V ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch confirmo las calificaciones asignadas a los instrumentos emitidos bajo el Fideicomiso los Financieros San...

Fitch confirma las calificaciones de SuCredito Series II ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch confirmo la calificacion AA(arg) a los Valores de Deuda Fiduciaria Clase A (VDFA) por VN $ #.###.###,...

Fitch confirma las calificaciones de SuCredito Series III ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch confirmo la calificacion AA(arg) a los Valores de Deuda Fiduciaria Clase A (VDFA) por VN $ ##.###.###,...

Fitch Downgrades Northampton Generating Company's Senior Bonds to 'C' ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has downgraded to 'C' from 'CC' the rating on Northampton Generating Company, L.P.'s...

Fitch confirmo las calificaciones de los FF FIDEBICA ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch confirmo las calificaciones para los Valores de Deuda Fiduciaria (VDF) y Certificados de Participacion (CP)...

Fitch Rates Florida International University's Series ####A Parking Revs 'A'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings assigns a long-term 'A' rating to the approximately $## million...

Fitch Rates Santee Cooper's (SC) $###MM Rev Obligations, Series D,E,&F 'AA'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings assigns an 'AA' rating to South Carolina Public Service Authority's...

Fitch Rates Commonwealth of Virginia's $##MM Transportation Bonds 'AA+'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch rates Virginia's Commonwealth Transportation Board transportation revenue...

Fitch Affirms Glenmeadow, Inc.'s (Massachusetts) $##.#MM Bonds at 'BBB+'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-Chicago-## October ####: Fitch Ratings has affirmed its 'BBB+' rating on the approximately $##.# million...

Fitch Affs Cook County Community High School District No ###, IL GOs at 'AA-'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-Chicago-## October ####: In the course of routine surveillance, Fitch Ratings affirms the rating on...

Fitch Affirms Montara Water and Sanitary District, CA's $##MM GOs at 'A+'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: As part of ongoing surveillance, Fitch Ratings affirms Montara Water and Sanitary...

Fitch Affirms # and Downgrades # Classes of Sankaty High Yield Partners III ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has downgraded three and affirmed two classes of notes issued by Sankaty High...

Fitch Affirms # and Downgrades # Classes of Sankaty High Yield Partners II ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has downgraded three and affirmed two classes of notes issued by Sankaty High...

Fitch Rates Santa Margarita/Dana Point Authority, CA's $##MM Rev Bonds 'AA'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-San Francisco-## October ####: Fitch Ratings assigns an 'AA' rating to $## million Santa Margarita/Dana...

Fitch Downgrades # Classes of Notes Issued by Acacia CDO #, Ltd. ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has downgraded seven classes of notes issued by Acacia CDO #, Ltd. (Acacia #). The details...

...On Oct. #, ####, Fitch Ratings affirmed the credit ratings of Developers Diversified Realty Corporation (NYSE: DDR, or Developers Diversified) as indicated on the left. The Rating Outlook is Negative. The `BB' issuer default rating (IDR) and senior unsecured debt ratings continue to reflect DDR's leverage and risk-adjusted capitalization, unencumbered asset coverage ratios, and challenging operating conditions for the portfolio, even as conditions in the capital markets and the broader economy have improved. DDR's leverage ratio, defined as net debt divided by recurring operating EBITDA, was ##.#x for the trailing ## months (TTM) ended June ##, ####, which Fitch believes is consistent with a `BB' IDR. When adjusted for funds from operations in DDR's joint ventures and certain noncash general and administrative expenses, leverage was #.#x for TTM. In addition, Fitch believes that DDR has a modest level of risk-adjusted capitalization for the `BB' rating category. However, Fitch anticipates...

...The U.S. residential primary servicing operations of Wachovia Bank, N.A. (Wachovia, or WB), a wholly owned subsidiary of Wells Fargo & Company (WFC), are rated `RPS#' for prime, second lien, and home equity line of credit (HELOC) products. The ratings reflect the merger of Wachovia Corporation into WFC; the merger was completed on Dec. ##, ####. The retail credit services (RCS) group of Wachovia, which houses the servicing platform, is consolidating into Wells Fargo Home Equity (WFHE), a division of Wells Fargo Bank, N.A., which is a subsidiary of WFC. As of Fitch Ratings' review, the servicer had completed its senior management team alignment, fulfilled its staffing needs for the initial integration of systems, processes, and procedures, and developed daily production metrics for the combined operations. In addition, the servicer is transitioning its default administration functions from a shared services model to a centralized operation for better staffing and monitoring of its five locations...

...Las clasificaciones de Embotelladora Andina S.A. (Andina) se sustentan en su bajo nivel de riesgo de negocios. La demanda por productos Coca-Cola dentro de los territorios de distribución que cubre la compañía es fuerte, debido a los considerables esfuerzos de mercadeo que realiza Andina, así como de años de inversión en marketing y publicidad por parte de The Coca-Cola Company en toda Latinoamérica. Durante ####, la participación promedio de Andina en el mercado de gaseosas de Chile, Brasil y Argentina -medido en volúmenes de venta- fue de ##,#%, ##,#% y ##,#%; respectivamente; mientras que la participación medida sobre ingresos en estos mercados fue de ##,#%; ##,#% y ##,#%....

...La clasificación de Renta Generales está soportada por niveles de capitalización suficientes, adecuados niveles de eficiencia y liquidez. Por su parte, la calificación se encuentra limitada por una mayor concentración de su portafolio de negocios, la relativamente alta participación de la cartera de inversiones en acciones y el deterioro reciente de su resultado técnico....

...The ratings assigned to Credit Europe Bank N.V. (CEB) are based on its intrinsic financial strength. They reflect the bank's medium size and niche focus, strong growth, and management's demonstrated track record of steering it through recent turbulent times. The ratings also consider CEB's asset concentration in higher risk countries, large trade and commodity finance exposures and a rate sensitive online retail deposit base....

...Phoenix Natural Gas Limited (PNG) is the owner and operator of the gas distribution network in the Greater Belfast, Larne and Comber areas of Northern Ireland (NI); the business is a regional monopoly....

...ORIX Capital Markets, LLC (OCM) is rated `CSS#' as a CMBS special servicer by Fitch Ratings. The special servicer rating is based on the real estate experience of OCM's senior asset managers and company management team and the company's recent additions to workout and surveillance staff to handle its increased CMBS special servicing portfolio. The rating is also based on OCM's continued commitment to technology and the financial strength of OCM's ultimate parent, ORIX Corp. The servicer rating is based on the methodology described in Fitch's report "U.S. Commercial Mortgage Servicer Rating Criteria," dated June ##, ####, available on Fitch's Web site www.fitchratings.com....

...Credit Suisse's and Credit Suisse Group's (CSG) ratings are based on the bank's good franchise in diversified core businesses, sound liquidity management, diversified funding and adequate capitalisation. They also reflect exposure to its investment banking activities to earnings volatility....

...Credit Suisse's and Credit Suisse Group's (CSG) ratings are based on the bank's good franchise in diversified core businesses, sound liquidity management, diversified funding and adequate capitalisation. They also reflect exposure to its investment banking activities to earnings volatility....

...With good economic underpinnings, Boulder County maintains its above-average wealth, income, and economic and employment indicators....

Fitch Rates Dublin, Ohio's $##.#MM ULTGOs and $##.#MM LTGOs 'AAA'; Outlook Stable ## Oct #### ##:## AM (EDT) Fitch Ratings-Chicago-## October ####: (This is an amended version of a press release issued on Oct. ##, containing a revised...

Fitch Affirms LUKOIL's IDR at 'BBB-'; Outlook Stable ## Oct #### ##:## AM (EDT) Fitch Ratings-London/Moscow-## October ####: Fitch Ratings has today affirmed LUKOIL's Long-term foreign currency and local currency Issuer Default Ratings...

Fitch Afirma Calificaciones a Banco HSBC (Costa Rica) ## Oct #### ##:## AM (EDT) Fitch Ratings-San Salvador/San Jose-## October ####: Fitch Ratings afirma calificaciones nacionales de riesgo a Banco HSBC (Costa Rica), S.A. de la siguiente...

Fitch Afirma Calificaciones a Banco Popular y de Desarrollo Comunal y Subsidiarias ## Oct #### ##:## AM (EDT) Fitch Ratings-San Salvador/San Jose-## October ####: Fitch Ratings afirma calificaciones nacionales de riesgo a Banco Popular...

Fitch: Credit Card Restructuring Positive for Turkish Banks ## Oct #### ##:## AM (EDT) Fitch Ratings-Paris/Istanbul/London-## October ####: Fitch Ratings expects collections of impaired credit card loans will improve in Turkey as consumers...

Correction - Fitch Rates Bay Area Toll Authority's (California) Revs 'AA-'; Outlook Negative ## Oct #### ##:## AM (EDT) Fitch Ratings-New York-## October ####: (This is an update to the release that went out on Oct. ##, ####; it provides...

Fitch Affirms Umgeni Water at 'AA+(zaf)'; Outlook Stable ## Oct #### ##:## AM (EDT) Fitch Ratings-London/Johannesburg-## October ####: Fitch Ratings has today affirmed Umgeni Water's (Umgeni) National Long-term and senior unsecured ratings...

Fitch Solutions U.S. RMBS Risk & Valuation Service for OTTI; Webcast Monday @ #PM ET ## Oct #### ##:## AM (EDT) Fitch Solutions-New York-## October ####: With home value declines throughout the U.S. precipitating significant regulatory...

Fitch Rates Greater Fairbanks Community Hospital Foundation's ####B&C Revs 'A'; Outlook Stable ## Oct #### ##:## AM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has assigned an unenhanced/underlying rating of 'A' to the...

Fitch Affirms Investcorp Bank & Subsidiaries' IDRs at 'BB+'; Outlook Negative ## Oct #### ##:## AM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has affirmed the long- and short-term Issuer Default Ratings (IDRs) of Investcorp...

Fitch Assigns Phoenix Natural Gas Expected Senior Secured 'BBB+' Rating ## Oct #### ##:## AM (EDT) Fitch Ratings-London-## October ####: Fitch Ratings has today assigned Phoenix Natural Gas Limited (PNG) an expected Long-term Issuer...

Fitch Affirms Conseco Inc.'s Ratings; Assigns Debt Rating; Outlook Negative ## Oct #### ##:## AM (EDT) Fitch Ratings-Chicago-## October ####: Fitch Ratings has affirmed all the ratings assigned to Conseco Inc. (Conseco) and its subsidiaries...

Fitch Places # Classes of COMM ####-CNL# on Watch Negative ## Oct #### ##:## AM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has placed two classes of COMM ####-CNL# on Rating Watch Negative (see complete list below)....

Fitch Assigns CMBS Special Servicer Rating to AEGON USA Realty Advisors, Inc. ## Oct #### ##:## AM (EDT) Fitch Ratings-Chicago-## October ####: Fitch Ratings assigns AEGON USA Realty Advisors, Inc. (AUSARA) a CMBS special servicer rating...

Fitch Rates Intermountain Power Agency (UT) #### Series B Revenue Rfdg Bonds 'AA-'; Outlook Stable ## Oct #### ##:## AM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings assigns its 'AA-' rating to Intermountain Power Agency's...

Fitch Assigns COREALCREDIT's Guaranteed Notes Expected 'AAA' ## Oct #### ##:## AM (EDT) Fitch Ratings-London/Frankfurt-## October ####: Fitch Ratings has today assigned Germany-based COREALCREDIT BANK AG's (Coreal, rated 'BBB-'/Stable)...

Fitch Rates Assured Guaranty Insured Issue 'AA-'; Outlook Negative ## Oct #### ##:## AM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has assigned an 'AA-' rating with a Negative Outlook to the following Assured Guaranty...

Fitch Affirms # & Downgrades # Assured Guaranty-Insured Tranches of TruPS CDOs ## Oct #### ##:## AM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has resolved the Rating Watch Negative status and subsequently downgraded...

Fitch Affirms Elmhurst Memorial Healthcare (Illinois) Revs at 'A-'; Outlook Stable ## Oct #### ##:## PM (EDT) Fitch Ratings-Chicago-## October ####: Fitch Ratings has affirmed the unenhanced 'A-' rating on approximately $### million...

Fitch Affirms Regal's IDR at 'B+'; Outlook Stable ## Oct #### ##:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has affirmed the following rating on Regal Entertainment Group (RGC) and Regal Cinemas Corporation (Regal...

Fitch Affirms AMC's IDR at 'B'; Outlook Stable ## Oct #### ##:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings has taken the following rating actions on AMC Entertainment Inc. (AMC), Marquee Holdings Inc. (Marquee; parent...

Fitch Rates DASNY's $###MM Pledged Assessment Revs 'AA' ## Oct #### ##:## PM (EDT) Fitch Ratings-New York-## October ####: (This is a correction of a release issued Oct. ##, ####. It amends information in the second paragraph in reference...

Fitch: Debt Exchanges Signal Added Rating Pressure for U.S. REIT TruPS CDOs ## Oct #### ##:## PM (EDT) Fitch Ratings-Chicago-## October ####: Recent debt exchanges by U.S. REITs, homebuilders and specialty finance companies are symptomatic...

Fitch Takes Negative Action on CARDS I and II Notes ## Oct #### ##:## PM (EDT) Fitch Ratings-London-## October ####: Fitch Ratings has today downgraded all UK credit card receivables class B notes issued under the Chester Asset Receivables...

Fitch Downgrades Epic (Drummond) Limited's CMBS Notes ## Oct #### ##:## PM (EDT) Fitch Ratings-London-## October ####: Fitch Ratings has today downgraded Epic (Drummond) Limited's classes A to G CMBS notes. All classes of notes have...

Fitch Affirms, Downgrades Estate Pan-Europe #'s CMBS Notes ## Oct #### ##:## PM (EDT) Fitch Ratings-London-## October ####: Fitch Ratings has today affirmed Estate Pan-Europe #'s class A#+, A# and B commercial mortgage-backed floating...

Fitch Atribui Ratings a WTORRE e a WTORRE Empreendimentos ## Oct #### ##:## PM (EDT) Fitch Ratings-Sao Paulo/Chicago-## October ####: A Fitch Ratings atribuiu, hoje, os Ratings Nacionais de Longo Prazo 'BBB+(bra)' (BBB mais (bra)) a...

Fitch Takes Rating Actions on Residential Mortgage Securities Plc Series; ## Classes Downgraded ## Oct #### ##:## PM (EDT) Fitch Ratings-London-## October ####: Fitch Ratings has today upgraded three, downgraded ## and affirmed ## tranches...

Fitch Downgrades Nine Tranches from Kensington Mortgage Securities Plc - Series ####-# ## Oct #### ##:## PM (EDT) Fitch Ratings-London-## October ####: Today Fitch Ratings downgraded nine tranches from Kensington Mortgage Securities...

Fitch Argentina confirma en AA+(arg) la calificacion de Siderar ## Oct #### ##:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch Argentina confirmo en AA+(arg) la calificacion de emisor otorgada a Siderar, con Perspectiva...

Fitch Takes Rating Action on FTPYME TDA #, # and #; Off RWN ## Oct #### ##:## PM (EDT) Fitch Ratings-London/Madrid-## October ####: Fitch Ratings has today taken various rating actions on three small- and medium-sized enterprise (SME)...

Fitch confirma en AA+(arg) los titulos de TASA ## Oct #### ##:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch confirmo en AA+(arg) las Obligaciones Negociables simples de Telefonica de Argentina S.A. (TASA). Las calificaciones...

Fitch confirma las calificaciones de Quickfood ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch Argentina confirmo en A+(arg) las ONs clase # por hasta US$ ## MM emitidas por Quickfood S.A. (QF). La calificacion...

Fitch confirma la calificacion de ONs clase # - Telecom Personal ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Las calificaciones de Personal reflejan la mejora sustancial en su desempeno operativo y en las medidas...

Fitch Affirms # Classes, Downgrades # Class of EuroStar I CDO Notes ## Oct #### #:## PM (EDT) Fitch Ratings-London-## October ####: Fitch Ratings has today affirmed EuroStar I CDO's class A-# and C notes and downgraded class B as follows:...

Fitch Argentina confirmo en # las acciones de S.A. San Miguel ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch Argentina confirmo en Categoria # la calificacion asignada a las acciones de S.A. San Miguel A.G.I.C.I....

Fitch Upgrades # Class, Affirms # Classes of EuroStar II CDO Notes ## Oct #### #:## PM (EDT) Fitch Ratings-London-## October ####: Fitch Ratings has today upgraded EuroStar II CDO's class A-#, revised class B notes and affirmed the class...

Fitch confirma las calif. de Telecom Arg y retira la de las ONs ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch Argentina confirmo y retiro hoy en AA-(arg) la calificacion en escala nacional de las Obligaciones...

Fitch Argentina confirmo en Categoria # las acciones de THA ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch Argentina confirmo en Categoria # las acciones ordinarias de Telefonica Holding de Argentina S.A....

Fitch confirma a las acciones de Grupo Clarin en Categoria # ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch confirmo en la Categoria # a las Acciones Ordinarias de Grupo Clarin S.A.(GCSA). Esta categoria...

Fitch confirma en A(arg) a las ONs de AGEA ## Oct #### #:## PM (EDT) Fitch Ratings-Buenos Aires-## October ####: Fitch confirma en A(arg) a las ONs de AGEA Fitch confirmo en A(arg) la calificacion de los titulos de deuda de Arte Grafico...

Fitch Rates Milford, Connecticut's ####B GOs 'AA' & GO BANs 'F#+'; Outlook Stable ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings assigns an 'AA' rating to the city of Milford, Connecticut's $##.# million...

Fitch SMARTView: # U.S. Timeshare ABS Transactions Designated with SMARTView Date ## Oct #### #:## PM (EDT) Fitch Ratings-Chicago-## October ####: Following its monthly surveillance review, Fitch Ratings designated eight U.S. Timeshare...

Fitch Expects To Rate Nuveen Insured Dividend Advantage Municipal Fund's MTP Shares 'AAA' ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: Fitch Ratings expects to assign an 'AAA' rating to the following securities issued...

Fitch Assigns S-T 'F#+' Rating to Catholic Health Initiatives' ####B Revs ## Oct #### #:## PM (EDT) Fitch Ratings-New York-## October ####: On Oct. ##, ####, Fitch Ratings assigned a long-term rating of 'AA' for up to $#.# billion series...

...Banco Fibra S.A.'s (Fibra) National Ratings reflect various factors: its prudent liquidity management, good asset quality and adequate access to local and foreign institutional funding, improved performance relative to the peer average, greater diversification of its revenue sources and prospects of more moderate leveraging. They also consider asset and liability concentrations in the shortterm and significant amount of tax credits in the bank's capital base....

...The Spanish banking system has weathered the global financial crisis successfully to date with no need for capital support from the state due to its retail banking focus, prudent regulation and very limited exposure to structured products and complex instruments. However, the strong economic adjustment that Spain is experiencing, a sharp rise in unemployment in a short period and the large exposure to the Spanish property sector have had knockon effects on revenue and domestic loan quality, affecting H### operating profitability....

...The revision of the Outlook on the Province of Varese's rating to Negative on # October #### reflects Fitch Ratings' expectations of deterioration in debt and debt service coverage as Varese continues raising debt to fund capital projects....

...The ratings of Total Access Communication Public Company Limited (DTAC) reflect its strong financial profile and market position as Thailand's second largest cellular operator. DTAC continued to report a strong cash flow generation with FCF of THB#.#bn in #### and THB#.#bn in H###. Adjusted net debt to last##month EBITDAR improved to #.#x at end#### and further to #.#x at endH### from #.#x at end####....

...Unione di Banche Italiane Scpa ­ UBI Banca's (UBI) ratings reflect its solid capital, its position as Italy's secondlargest cooperative bank and fifthlargest domestic bank, with a strong franchise in wealthy northern Italy, and still adequate albeit deteriorating asset quality. They also take into account pressure on its profitability in the economic downturn....