Journals By Industry - Financial Ratings

[ILLUSTRATION OMITTED] The biggest wave of business bankruptcies may be over (key words here are "may be," pending the economy's trajectory), but that's not to say the courts will be devoid of with...

Fitch affirms Lukoil 'BBB-' rating with 'stable' outlook International rating agency Fitch Ratings affirmed on January 27 its long-term foreign and local currency issuer default rating (IDR) for oil major OJSC Lukoil of...

Strong Capital Generation With Tier 1 Common Equity Ratio at 9.86 Percent Global Excess Liquidity Sources Remain Strong at $378 Billion, up $42 Billion in 2011 Investment Bank Maintained No. 2 Global Ranking...

2011 Loan Originations Up 19 Percent, Operating Expenses Down NEWARK, Del. -- Sallie Mae (NASDAQ: SLM), formally SLM Corporation, today released fourth-quarter and full-year 2011 financial results highlighting increased student loan originations, lower...

CHICAGO -- Fitch Ratings has downgraded and withdrawn the long-term Issuer Default Rating (IDR) of MCG Capital Corporation (MCG) to 'B' from 'BB-' and removed the company from Rating Watch Negative. The ratings...

NEW YORK -- Fitch Ratings has published its 'Pipelines, Midstream, and MLP Stats Quarterly' covering the third quarter of 2011. The report covers key financial, credit and operating metrics for all Fitch-rated issuers...

OLDWICK, N.J. -- A.M. Best Co. has assigned a financial strength rating (FSR) of B++ (Good) and issuer credit rating (ICR) of "bbb+" to Farmers and Mechanics Fire and Casualty Ins Co (FMF&C).The...

CHICAGO -- Fitch Ratings has rated U.S. Bancorp's (USB) series F preferred stock 'BBB'. On Jan. 18, 2012, USB issued Series F preferred stock, proceeds of which will be used primarily to redeem...

SAN FRANCISCO -- Fitch Ratings affirms the following bonds issued by the City of Modesto, California and secured by the city's wastewater revenues: --$48.1 million wastewater revenue bonds, series 2005A and 2006A, at...

NEW YORK -- Fitch Ratings has assigned an 'AA-' rating to the South Carolina Public Service Authority's (Santee Cooper) $118,945,000 2012D tax-exempt forward delivery refunding bonds. Bond proceeds will be used to refinance...

SAO PAULO & RIO DE JANEIRO -- Fitch Ratings has assigned the following initial ratings to Banco do Estado do Rio Grande do Sul (Banrisul): --Foreign and Local Currency Long-Term Issuer Default Rating...

NEW YORK -- Fitch Ratings has issued a presale report on FREMF 2012-K705 multifamily mortgage pass-through certificates and Freddie Mac structured pass-through certificates, series K-705. Fitch expects to rate the transaction and assign...

NEW YORK -- HOVENSA L.L.C. announced that it will shut down its refinery operations and expects to tender for 100% of the outstanding $356 million tax-exempt bonds maturing in 2021 and 2022 at...

MONTERREY, Mexico -- Fitch Ratings has assigned a rating of 'BBB' to Grupo Bimbo, S.A.B. de C.V.'s (Bimbo) proposed senior notes issuance up to USD800 million due 2022. Proceeds of the issuance are...

SAN FRANCISCO -- Fitch Ratings affirms the following bonds issued by the Modesto Irrigation District Financing Authority, California and secured by payment from the City of Modesto, CA water enterprise: --$153.6 million water...

OLDWICK, N.J. -- A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to "bbb+" from "a-" of GHS Property and Casualty Insurance Company...

NEW YORK -- Fitch Ratings has affirmed the 'AAAmmf' rating assigned to the BNY Mellon U.S. Dollar Liquidity Fund, an Ireland domiciled prime money market fund (MMF) managed by the Dreyfus Corporation. As...

NEW YORK -- Fitch Ratings has affirmed the ratings of the following three prime money market funds (MMFs) managed by the Dreyfus Corporation: --Dreyfus Cash Management at 'AAAmmf'; --Dreyfus Institutional Cash Advantage Fund...

CHICAGO -- Fitch Ratings expects relative macroeconomic stability and a manageable debt load to support Guatemala's credit profile as the country's new government takes office. However, rising levels of drug-related crime and persistently...