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Topic: Fitch Ratings
Enron's credit rating scrutinized by Senate committee
WAP2002032003- WASHINGTON, March 20 (UPI) -- Ralph G. Pellecchia, senior director of Global Power Group Fitch Ratings, testifies on Capitol Hill on March 20, 2002, before the Senate Committee on Governmental Affairs hearing regarding the credit rating of Enron in the months leading to it's collapse. RLW/Roger L. Wollenberg UPI

Latest Headlines

Gold up, dollar down
NEW YORK, Jan. 27 (UPI) -- Gold prices rose modestly in New York Friday as the dollar fell against the euro and the yen.
Fitch Ratings drops 5 scores in eurozone
MADRID, Jan. 27 (UPI) -- Fitch Ratings said Friday it has lowered the credit scores for five countries in Europe, all members of the eurozone.
Davos doubts center on EU, world economy
DAVOS, Switzerland, Jan. 27 (UPI) -- High-powered talks at the World Economic Forum in this scenic Swiss resort have failed to dispel anxieties and gloom over the future of global economy and immediate and pressing concerns in Europe over the fate of the EU and the eurozone.
S. America energy demand drives investment
RIO DE JANEIRO, Jan. 12 (UPI) -- Regional growth in energy demand is driving investment, including inward cash inflows in Latin America, a trend that is likely to continue this year.
2012 looks grim
PARIS, Dec. 19 (UPI) -- The global economy faces a depressing prospect after a spate of gloomy results for countries and corporations and a fear that the eurozone's debt crisis isn't being resolved.
France warned, Belgium downgraded
PARIS, Dec. 17 (UPI) -- The credit ratings of Belgium and France came under fire this week as plans to solve the European debt crisis failed to impress financial analysts.
Fitch downgrades issuer default ratings
NEW YORK, Dec. 15 (UPI) -- Fitch Ratings Thursday downgraded issuer default ratings and viability ratings at six banks in Europe and the United States.
Fitch takes dim view of U.S. deficit
NEW YORK, Nov. 28 (UPI) -- The congressional supercommittee's failure to come to grips with the federal debt led Fitch Ratings to put the U.S. credit rating on a negative outlook Monday.
Low growth, high debt spike Spain's credit
MADRID, Oct. 19 (UPI) -- Low growth prospects and high debt levels prompted Moody's Investors Service to drop Spain's credit rating two notches after it warned France of a possible cut.
Fitch downgrades Spain, Italy
MADRID, Oct. 7 (UPI) -- Fitch Ratings smacked Spain and Italy -- two of the eurozone's largest economies -- with downgrades of their debt Friday.
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Quotes

“ These types of credit and/or institutions fall outside the traditional structures of financial supervision, exposing banks to a growing amount of risk that is for the most part hidden. By getting a portion of their credit off books, Chinese banks are able to comply with official loan quotas while in practice exceeding them, ”
Walker's World: The crisis deepens
United Press International
“ The fundamental economic and financial underpinning of the United States' AAA status remains strong despite the heated political debate over the role of government and how best to reduce the out-sized federal budget deficit, ”
Moody's, Fitch keep U.S. rating triple-A
United Press International
“ The loss resulted from a substantial level of expenses related to Riggs compliance with the Bank Secrecy Act and multiple investigations. The company incurred a $16 million fine (which remains subject to change) to the U.S. Department of Justice, reserved $8 million for litigation, and incurred $17 million in expenses related to the sale of its international businesses, ”
Riggs ratings lowered
United Press International
“ Further improvement in credit metrics is anticipated as the company repays maturing debt with available cash, which totaled $3.2 billion at Nov. 21, 2004, ”
Fitch gives Costco a positive outlook
United Press International
“ In a slightly more challenging market, the large builders will continue to buy private, mid-size companies, while some regional and multiregional homebuilders figure to expand into more markets and become more national builders, ”
Large homebuilders seen expanding
United Press International
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