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News from United Press International, around the world around the clock ...
Geithner warns clock is ticking on debt

Geithner warns clock is ticking on debt

WASHINGTON, Jan. 15 (UPI) -- U.S. Treasury Secretary Timothy Geithner warned Congress Tuesday workarounds allowing the government to pay its bills are not sustainable for much longer.

UPI NewsTrack Business

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

BRUSSELS, Dec. 15 (UPI) -- 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

RIO DE JANEIRO, Nov. 30 (UPI) -- Latin America power generation companies are set for strong growth in the coming years mainly because of an expected surge in demand.

The almanac

UPI Almanac for Wednesday, Nov. 28, 2012.
By United Press International

Chile boosts outlook for gold, copper

SANTIAGO, Chile, Oct. 25 (UPI) -- Chilean outlook for gold and copper production, described as strategic to national interest, has improved with forecasts of greater exploration and refining activities in 2012.
France to offer Peugeot credit help

France to offer Peugeot credit help

PARIS, Oct. 23 (UPI) -- The French government plans to help automaker Peugeot Citroen keep a factory near Paris running, a source told The New York Times.
Drivers wanting better mileage look to foreign cars

Drivers wanting better mileage look to foreign cars

To avoid a meltdown in 2006, Ford Motor Co. mortgaged the farm putting up its assets – including its Blue Oval logo, and F-150 pickup and iconic Mustang trademarks – to secure $23.5 billion in credit.
AL SWANSON

EC denies Greek exit strategy plan

ATHENS, Greece, May 18 (UPI) -- The European Commission Friday said it is determined to keep Greece in the eurozone and isn't working on an exit plan.
Fitch downgrades JPMorgan Chase after $2B loss

Fitch downgrades JPMorgan Chase after $2B loss

NEW YORK, May 11 (UPI) -- Fitch Ratings Friday downgraded JPMorgan Chase, one day after the largest U.S. bank disclosed one of its units had lost $2 billion in trades.
Venezuela spending spree clouds future

Venezuela spending spree clouds future

CARACAS, Venezuela, May 3 (UPI) -- As Venezuelan President Hugo Chavez clings to power while battling cancer, the country's future is further clouded by unbridled government spending.

Fitch raises Ford's credit rating

DEARBORN, Mich., April 24 (UPI) -- Credit rating agency Fitch Ratings gave U.S. automaker Ford Motor Co. a boost Tuesday, raising its credit rating to BBB minus from BB+.

Germany OK's Greece deal amid downgrades

BERLIN, Feb. 27 (UPI) -- Greece and the European Financial Stability Facility both received credit downgrades Monday as Germany's parliament approved a rescue package for Greece.

Colombia energy oversupply bad for prices

BOGOTA, Feb. 14 (UPI) -- Colombia's energy industry is heading toward a price fall because of oversupply of electricity, which could bodes ill for the expanding power generation sector.
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Photos
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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