Fitch downgrades Russia's debt from stable to negative

Fitch downgrades Russia's debt from stable to negative

MOSCOW, March 21 (UPI) -- Fitch Ratings lowered Russia's debt rating Friday from stable to negative, citing possible impacts of sanctions imposed due to Russia's reunification of Crimea.
Bear Stearns clients sue rating agencies

Bear Stearns clients sue rating agencies

NEW YORK, Nov. 11 (UPI) -- The big three U.S. credit rating firms misled investors by giving risky mortgage bonds high ratings, a lawsuit filed in New York claims.
House approves funding, borrowing bill

House approves funding, borrowing bill

WASHINGTON, Oct. 16 (UPI) -- The U.S. House Wednesday passed a bill funding the government and extending the borrowing limit, setting the stage for the end of the government shutdown.

Fitch puts U.S. rating on negative watch, citing gridlock

NEW YORK, Oct. 15 (UPI) -- Fitch Ratings, one of three major credit assessors, put the nearly perfect U.S. AAA rating on negative status Tuesday, citing a gridlocked government.
S&P calls $5B lawsuit 'retaliation' for U.S. downgrade

S&P calls $5B lawsuit 'retaliation' for U.S. downgrade

SANTA ANA, Calif., Sept. 4 (UPI) -- Standard & Poor's alleged the Justice Department filed its $5 billion lawsuit against the credit rating agency in "retaliation" for its downgrade of U.S. debt.
AutoOutlook: Ford hires 1,400; GM gets credit rating boost

AutoOutlook: Ford hires 1,400; GM gets credit rating boost

Ford adds 1,400 workers at Flat Rock plant ... Fitch upgrades GM credit rating ... GM reaches sales milestone in China ... Chinese automaker to open plant in North Korea ... Honda recalls 408,000 CR-V vehicles in China ... Impala tops Consumer Reports list of best redesigns ... GM plans 'self-driving' car this decade ... Drunken driving crackdown across U.S. for Labor Day --auto industry news from United Press International
PAT NASON, United Press International

Resource boom helps Latin America improve credit ratings

RIO DE JANEIRO, July 9 (UPI) -- Increase in earnings from commodities and other natural resources helped Latin American countries improve their credit ratings during the first half of this year, but growth has come with costs as inflation begins to bite.

S&P pats U.S. on the back -- raises outlook

NEW YORK, June 10 (UPI) -- Credit analysts at Standard & Poor's said Monday the United States deserves slightly higher regard, changing a "negative" status to "stable."

Some investors return to Greece

ATHENS, Greece, May 15 (UPI) -- Market research firm Dealogic said Greek companies have sold $2 billion worth of bonds in 2013, a sign of recovery on a corporate level.

Peru upbeat about boosting natural gas exports

LIMA, May 13 (UPI) -- Peru, the fastest growing economy in Latin America, is hoping its natural gas development projects will transform its economy and Fitch rating agency agrees.

Ukraine defends natural gas policies

KIEV, Ukraine, April 3 (UPI) -- Importing natural gas from European markets doesn't violate international law, Ukrainian Deputy Energy Minister Volodymyr Makukha said.

The Cypriot mess

PARIS, March 25 (UPI) -- 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.
MARTIN WALKER, UPI Editor Emeritus

S. America at risk from slow growth: Fitch

RIO DE JANEIRO, March 11 (UPI) -- 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

CHICAGO, Jan. 26 (UPI) -- 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

VIENNA, Jan. 16 (UPI) -- The Organization of Petroleum Exporting Countries said it expected demand for its crude oil to fall in 2013 though world economic growth remains static.
Page 1 of 12
Fitch Ratings
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

The Fitch Group is a majority-owned subsidiary of FIMALAC, headquartered in Paris. Fitch Ratings, Fitch Solutions and Algorithmics, are part of the Fitch Group.

Dual-headquartered in New York and London with 51 offices worldwide, Fitch Ratings positions itself as a global rating agency dedicated to providing value beyond the rating through independent and prospective credit opinions, research and data. Fitch Ratings was one of the three Nationally Recognized Statistical Rating Organizations (NRSRO) designated by the U.S. Securities and Exchange Commission in 1975, together with Moody's and Standard & Poor's. It is one of the "Big Three credit rating agencies" (Standard & Poor's, Moody's Investor Service and Fitch Ratings).

The firm was founded by John Knowles Fitch on December 24, 1913 in New York City as the Fitch Publishing Company. It merged with London-based IBCA Limited in December 1997. In 2000 Fitch acquired both Chicago-based Duff & Phelps Credit Rating Co. (April) and Thomson Financial BankWatch (December). Fitch Ratings is the smallest of the "big three" NRSROs, covering a more limited share of the market than S&P and Moody's, though it has grown with acquisitions and frequently positions itself as a "tie-breaker" when the other two agencies have ratings similar, but not equal, in scale.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Fitch Ratings."
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