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Fitch: Cendant offer for Orbitz favorable

NEW YORK, Sept. 29 (UPI) -- Fitch Ratings in New York Wednesday said it views the Cendant Corp.'s $1.2 billion tender offer for Orbitz Inc. as a favorable development for Cendant.

Fitch downgrades Fannie Mae

NEW YORK, Sept. 29 (UPI) -- Fitch Ratings in New York Wednesday downgraded the subordinated debt and preferred stock ratings for Fannie Mae to AA minus from AA.

Latin American stock markets roundup

Stocks were mostly up across Latin America in a quiet week of trading, despite an interest rate hike in the United States.
BRADLEY BROOKS

Czech government sets 2005 budget

PRAGUE, Czech Republic, Sept. 22 (UPI) -- The Czech government said Wednesday it had approved a state budget for 2005 with a deficit equal to 2.9 percent of gross domestic product.

Slovak central bank sees ratings upgrades

BRATISLAVA, Slovakia, Sept. 22 (UPI) -- The Slovak central bank said Wednesday it expected the country to continue to get upgrades in its international credit rating if reforms continue.

Fitch upgrades Venezuela

NEW YORK, Sept. 20 (UPI) -- Fitch Ratings in New York Monday upgraded Venezuela's long-term foreign currency rating to B-plus from B-minus.

Fitch downgrades Health Net

NEW YORK, Sept. 17 (UPI) -- Fitch Ratings in New York Friday downgraded the long-term issuer and senior debt ratings of Health Net from BBB to BBB minus.

Delta may follow U.S. Airways' footsteps

WASHINGTON, Sept. 16 (UPI) -- For travelers, increased competition among airlines has been nothing but good news.
SHIHOKO GOTO, UPI Senior Business Correspondent

S&P, Fitch downgrade Delta Air Lines

NEW YORK, Sept. 16 (UPI) -- Two credit raters Thursday lowered ratings on Atlanta's Delta Air Lines as the company struggles to stay afloat.

Latin American stock markets roundup

Markets were mostly up across Latin America this week, although both domestic interest rates and U.S. rates are beginning to cast a shadow over investors.
BRADLEY BROOKS

Commercial mortgage delinquencies decline

NEW YORK, Sept. 13 (UPI) -- Fitch Ratings of New York said Monday its measure of commercial loan delinquencies declined in the third quarter.

Fitch gives 'A plus' to BellSouth

CHICAGO, Sept. 8 (UPI) -- Fitch Ratings Wednesday assigned an A plus rating to BellSouth's proposed $3 billion offering of five- and 10-year senior unsecured notes.

Fitch: Improvement seen for credit cards

NEW YORK, Aug. 30 (UPI) -- Fitch Ratings in New York said Monday an improvement in both prime and sub-prime sectors are in the cards for the credit card asset-backed sector.

Fitch affirms PNC ratings

CHICAGO, Aug. 26 (UPI) -- Fitch Ratings of Chicago Thursday affirmed all the ratings of PNC Financial Services Group of Pittsburgh and its affiliates.

Money fleeing Russia by the billion

MOSCOW, Aug. 25 (UPI) -- Capital worth billions of dollars is fleeing Russia again, the Moscow Times reported Wednesday.
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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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