Consequently, auto related ratings will no longer be issued or maintained separately by either Fitch IBCA
The following summarizes adjustments to insurance ratings tied to previously announced changes in sovereign ratings made as part of Fitch's general realignment of former Fitch IBCA
and DCR sovereign ratings.
As a result of the combination of the ratings of Fitch IBCA
and DCR, Fitch announced the following changes to the outstanding public US Finance and Credit Card company ratings of Fitch IBCA
All other outstanding ratings and outlooks for financial guarantor ratings of Fitch IBCA
and DCR are hereby affirmed by Fitch.
Fitch hereby affirms all other outstanding public Latin America corporate ratings of Fitch IBCA
and DCR, except those currently on RatingAlert by Fitch IBCA
and Rating Watch by DCR for which the Rating Watch status will continue until otherwise announced.
Over the next several weeks, Fitch intends to affirm or, in certain limited cases, change all of the outstanding European structured finance ratings of Fitch IBCA
and Duff & Phelps where only one of the agencies had assigned ratings.
In addition, Fitch IBCA
places classes D, E and F issued under FMAC Loan Receivables Trust Series, 1998-B (1998-B) on RatingAlert Negative.
believes that over the near term, the company will continue to be impacted by weak margins in the whole loan markets, negative operating earnings and cash flow as well as the heavy burden of executing home equity securitizations.
believes the company will continue to generate double-digit earnings growth and strong free cash flow in 2000, driven by improved product mix as the company leverages technological competencies, and persistently pursues productivity enhancement.
7% of the pool balance) and is shadow rated investment grade by Fitch IBCA
expects the region's municipal governments will be able to sustain these gains in financial performance through enhanced financial control and reporting systems, prioritization of service responsibilities, and greater financial flexibility.
assigns no credit to the ACE Capital Re Bermuda facility, because ACA could potentially run out of resources to pay claims before satisfying the facility's $150 million loss deductible.