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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

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Ukraine defends natural gas policies
Importing natural gas from European markets doesn't violate international law, Ukrainian Deputy Energy Minister Volodymyr Makukha said.
The Cypriot mess
Only a fool would deny the ability of the EU to concoct some last-minute rescue for Cyprus that keeps the great euro suspense drama limping wearily onward.
S. America at risk from slow growth: Fitch
Latin America is at risk from slow growth, continued dependence on commodity prices and potential impact of the fiscal stand-off in the United States, Fitch ratings agency said.
Illinois downgrade costly, says treasurer
Illinois State Treasurer Dan Rutherford said the state's Standard & Poor's credit downgrade would cost taxpayers $95 million more in borrowing costs.
OPEC sees decline in oil demand
The Organization of Petroleum Exporting Countries said it expected demand for its crude oil to fall in 2013 though world economic growth remains static.
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Geithner warns clock is ticking on debt
Geithner warns clock is ticking on debt
U.S. Treasury Secretary Timothy Geithner warned Congress Tuesday workarounds allowing the government to pay its bills are not sustainable for much longer.
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United pilots approve new contract ... Ford challenges hybrid testing ... Walmart goes low with iPhone prices ... Fitch warns France on AAA credit rating ... News from United Press International.
Fitch warns France on AAA credit rating
Credit firm Fitch Ratings said it would not downgrade France's AAA rating, but said next year might be a different story.
S. America upbeat on energy growth in 2013
Latin America power generation companies are set for strong growth in the coming years mainly because of an expected surge in demand.
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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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Prince Harry arrives on Capitol Hill in Washington
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Prince Harry arrives on Capitol Hill to tour a photography exhibit by HALO Trust, a British nonprofit focused on removing hazardous war debris, including un-exploded devices and landmines, on May 9, 2013 in Washington, D.C. UPI/Kevin Dietsch