Fitch

According to Fitch, the trend toward more short sales of distressed residential real estate loans in the U.S. is gaining momentum. Fitch expects the increase in short sales to continue because of the potential benefits afforded to both lenders and borrowers. For lenders, short sales provide a a...

Fitch Comments: 'The announcement today that the Super Committee was unable to reach agreement on at least $1.2 trillion of deficit-reduction measures underscores the challenge of securing the political consensus on how to reduce the federal budget deficit and place US public finances on a...

On Thursday afternoon the equity markets and some commodities cratered. Silver was absolutely pummeled, dropping nearly 7% while Treasuries rallied. Trouble emanating from Europe may have been the primary catalyst behind the downward move, as the yields on bonds in Italy and Spain continued to...

Yesterday, credit ratings agency Standard & Poor's accidentally sent out a message saying that it was downgrading France's AAA rating. In a statement, the firm said that "As a result of a technical error, a message was automatically disseminated today to some subscribers of S&P's Global...

The euro rallied on Monday morning, as the EUR/USD pair spiked above the 1.36 level. News from Europe may have been the primary driving catalyst behind the move. Dexia, one of the continent's largest banks, was partly nationalized on Monday. The country of Belgium agreed to purchase the bank's...

This is your Benzinga news summary and traders' summary for Friday, October 7, 2011, covering headlines from today's trading session. Today at market close, the Dow Jones Index traded down about 20 points or 0.18%, the S&P 500 traded 0.82% lower, the Nasdaq Composite Index traded down 1.1%,...

Fitch Ratings has assigned an 'A' rating to McDonald's (NYSE: MCD) newly issued $500 million 2.625% 10.25-year senior unsecured notes due Jan. 15, 2022. The Rating Outlook is Stable. At June 30, 2011, McDonald's had $12.3 billion of total debt.

Fitch Ratings has assigned a rating of 'AA' to the following New York City general obligation bonds: --$584,825,000 tax-exempt bonds, fiscal 2012, subseries D-1; --$65,000,000 taxable bonds, fiscal 2012, subseries D-2; --$167,580,000 tax-exempt bonds, fiscal 1994, subseries E-3 and fiscal 2004,...

Fitch Ratings has downgraded McGraw-Hill (NYSE: MHP) Issuer Default Rating to 'A' from 'A+'. In addition, Fitch has placed the ratings on Rating Watch Negative. The Rating Watch Negative and ratings reflect the following: The company is engaged in a strategic review of its portfolio and has...

Fitch Ratings has assigned an 'A-' rating to approximately $428 million of Dormitory Authority of the State of New York fixed rate revenue bonds expected to be issued on behalf of the North Shore-Long Island Jewish Obligated Group.

The lyrics from The Sopranos, the greatest TV show of all time went like this: "Woke up this morning, got myself a gun.." Now New Jersey has "got itself" a downgrade. Yesterday Fitch Ratings announced it would be cutting the rating on New Jersey's outstanding general obligation bonds to ‘AA-'...

-Fitch Ratings downgrades the State of New Jersey's outstanding general obligation bonds to 'AA-' from 'AA'. Fitch also downgrades to 'AA-' from 'AA' the rating on the Garden State Preservation Trust's open space revenue bonds. Additionally, Fitch downgrades to 'A+' from 'AA-' the ratings on the...

Following a review of the U.S. Prime RMBS sector, Fitch Ratings has affirmed 10,516 rated classes, representing approximately 70% of its rated portfolio. 6% of the portfolio remains on Rating Watch Negative and 24% is placed on Rating Watch Negative by Fitch. The review covers 1,160 transactions....

Fitch Ratings has downgraded nine classes and affirmed six classes of Morgan Stanley Capital I Trust commercial mortgage pass-through certificates, series 2004-IQ8. A detailed list of rating actions follows at the end of this press release. The downgrades reflect Fitch expected losses, most of...

The euro recovered against the U.S. dollar on Wednesday as the U.S. debt deal failed to reassure investors that the U.S. debt crisis will be resolved quickly. Presently, the euro added 0.96% to its value against the greenback to stand around $1.4341. At the same time, the European currency is...