Fitch Ratings

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Fitch Ratings

A credit rating by Fitch. As with other credit ratings, a Fitch rating measures the level of risk associated with a particular issuer of debt securities. Credit ratings are extremely important to some issuers, as banks are only allowed to invest in low-risk debt securities. Fitch is one of only 10 firms the SEC recognizes as a credit rating agency, and, along with S&P and Moody's, it is one of the three most prominent. However, the methods of credit ratings agencies have been subject to criticism. For example, most agencies gave high-risk mortgage-backed securities top ratings until they defaulted.

Fitch Ratings

An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. Formerly called Fitch Investors Service.
References in periodicals archive ?
Contract performance and advance payment guarantee must be issued by a reputable bank (of A - (A minus) or higher credit rating by Standard & Poor~s or an equivalent rating granted, Fitch IBCA, Moody~s, AM Best "rating agencies or other European Securities and Market Authority (ESMA) certified agency, officially granting the financial strength ratings of entities) by 2010.
Huhne became MD of Fitch IBCA in 1997 and from 1999 to 2003 was vicechairman of Fitch Ratings.
Huhne started Sovereign Ratings IBCA in 1994 before becoming managing director of Fitch IBCA, a credit rating agency.
Entre ellas tenemos a Standard & Poor's, Moody's Investors Service, Duff & Phelps y Fitch IBCA. Estas corporaciones influyen en las decisiones que tomaran los inversionistas para determinar cuantos miles de millones de dolares invertiran en los paises; si suben la calificacion de un pais animaran a los inversionistas a poner su dinero, pero si bajan la calificacion los inversionistas podrian retirar su dinero o podrian perderlo.
Es de destacar asimismo la agencia britanica IBCA, actualmente Fitch IBCA tras su fusion en 1997 con la agencia de rating norteamericana Fitch Investors Services.
On July 3, 2000, Fitch IBCA gave Azerbaijan its first international credit rating, B+, two notches higher than Russia's B-.
As of June 30, 2003, Illinois' general obligation bond rating was unchanged at AA by Standard and Poor's, but was downgraded from Aa2 to Aa3 by Moody's investors Services and from AA+ to AA by Fitch IBCA. The state's special obligation bond ratings remained the same, ranging from AAA by Standard and Poor's for Build Illinois bonds to AI by Moody's for Civic Center bonds.
The preceding day's activity had been prompted by Fitch IBCA's cutting of Kmart's credit ratings, citing what it called the company's "tenuous financial position and the rapid decline in confidence in the marketplace." Kmart's debt had already been downgraded by both Moody's Investors Service and Standard & Poor's Corp.
Still, some Fox administration officials are hoping foreign investment will increase because of the encouraging ratings by the ratings agency Fitch IBCA for Mexico.
During his career, he has represented a diversified mix of domestic and international clients, including Fitch IBCA, Smart Money, and American Capital Access.
GMACCM HAS ANNOUNCED IT HAS RECEIVED an affirmation of its CSS1 Commercial Mortgage Special Servicer rating from Fitch IBCA, Duff & Phelps.
The European ratings agency, Fitch IBCA has assigned the state of Bahrain an investment grade BBB-status.