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Analysis: Roh looks to calm economy fears

SEOUL, Jan. 22 (UPI) -- President-elect Roh Moo-hyun of South Korea has been depicted as hostile to chaebol -- the country's huge business conglomerates -- and critical of Seoul's long tradition of pro-U.S. policy, which has sparked widespread concerns about the fate of the worl
JONG-HEON LEE, UPI Business Correspondent

Executive Business Briefing

Here is a look at more of Monday's top business stories.

Brazilian debt downgraded by Fitch

RIO DE JANEIRO, Oct. 21 (UPI) -- Brazil's soverign long-term debt was downgraded one level Monday by Fitch Ratings, which cited the country's presidential election this Sunday as a main concern.
BRADLEY BROOKS, UPI Business Correspondent

Brazilian debt downgraded by Fitch

RIO DE JANEIRO, Oct. 21 (UPI) -- Brazil's sovereign long-term debt was downgraded one level Monday by Fitch Ratings, which cited the country's presidential election this Sunday as a main concern.

Analysis: German bankers in denial-I

SKOPJE, Macedonia, Oct. 2 (UPI) -- Denial is a ubiquitous psychological defense mechanism. It involves the repression of bad news, unpleasant information and anxiety-inducing experiences. Judging by the German press, the country is in a state of denial regarding the waning health of its ec
SAM VAKNIN, UPI Senior Business Correspondent

India to abolish FDI voting cap in banks

CALCUTTA, India, Sept. 16 (UPI) -- In a crucial move that could have far-reaching implications on the India banking industry, the country's central bank Reserve Bank of India has asked the ministry of finance to remove the 10 percent cap on voting rights of foreign or Indian shareholders i
INDRAJIT BASU, UPI Business Correspondent

Report: Bristol Myers being investigated

NEW YORK, July 11 (UPI) -- The Financial Times said Thursday that drug giant Bristol-Myers Squibb Co. is being investigated by U.S. regulators for allegedly inflating sales by $1 billion

Brazil currency falls to lowest ever

RIO DE JANEIRO, June 21 (UPI) -- While this country's soccer fans enjoyed a day of celebration after a World Cup victory, there were no market players smiling at the close Friday, a day which saw the local currency -- the real -- close at its weakest level ever, finishing at 2.84 against
BRADLEY BROOKS, UPI Business Correspondent

Analysis: Uruguay faces Argentine problem

SAO PAULO, May 10 (UPI) -- One by one, Latin American economies have picked themselves up from the dirt, checking all vital areas for signs of a fatal wound inflicted by the Argentine crisis. Most have been able to muster a sigh of relief, but often overlooked is tiny Uruguay, whic
BRADLEY BROOKS, UPI Business Correspondent

Stocks end down on seesaw week

NEW YORK, May 10 (UPI) -- Stock prices on the New York Stock Exchange and the Nasdaq Stock Market ended off Friday, closing a week that saw skyrockets Wednesday, but then steady drops ag

Stocks ease in light trading

NEW YORK, May 10 (UPI) -- Stock prices on the New York Stock Exchange and the Nasdaq Stock Market were lower in light trading at midday Friday as investors brushed aside a report showing

Lebanon downgrade shows fiscal imbalances

NICOSIA, Cyprus, April 18 (UPI) -- Credit-rating agency Standard and Poor's (S&P) recent downgrade of Lebanon's long-term sovereign credit rating to 'B-' with a negative outlook from 'B' has underlined the country's lack of progress in tackling its mounting public debt burden.
BILL FARREN-PRICE, Special to UPI

Executive Business Briefing

Here is a look at more of Monday's top business stories:
Page 12 of 12
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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
Wiki

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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