Recession still a possibility in U.S.; slow growth to linger into 2010
In April, Fitch released its updated methodology for rating corporate CDOs, which primarily invest in assets with maturities of 10 years or less. A critical component of the revised corporate CDO methodology was access to robust data on corporate default rates for maturities of 10 years and less, and the benchmarking of CDO performance against […]
Fitch Ratings has affirmed Canada’s long-term foreign and local currency issuer default ratings at ‘AAA’ with stable outlooks.The rating agency says that Canada’s ‘AAA’ status is underpinned by its high standards of living, the strength of its institutional framework, its stable political system, and its prudent macroeconomic management.“Canada has enjoyed the highest average growth — […]
Fitch Ratings has begun reviewing the ratings on its corporate collateralized debt obligation (CDO) rating portfolio, and says that it expects the review to have a widely variable impact on ratings.The review follows the announcement of Fitch’s updated corporate CDO methodology. It maintains ratings on 483 corporate CDO transactions to which the new criteria will […]
Ratings agency comments on BoC proposal
Fitch Ratings reports that it has been making a variety of reforms designed to enhance the quality and transparency of its credit ratings and to restore confidence and credibility among market participants.The credit rating agency says that it has been making changes to policies, procedures and organization and continues to engage in dialogue with policy […]
Some downgrades are expected
Volatile financial markets have caused many financial institutions to call for relaxation of fair value accounting
Further pockets of negative rating actions are possible
Rally won't last but demand from emerging markets will temper drop somewhat