Amendments intended to increase transparency and accountability
Global corporate rating actions in the third quarter continued to reflect worsening credit and economic conditions with downgrades outnumbering upgrades 3.6 to 1, up from 1.8 to 1 in the second quarter, Fitch Ratings said Thursday.Financial institutions accounted for the brunt of negative rating activity in the third quarter and year-to-date period with downgrades exceeding […]
Slowdown will affect all regions
Fitch Ratings has begun a review of its counterparty criteria for global structured finance transactions in light of recent market turmoil.The rating agency notes that markets have recently seen the failure of a number of high-profile institutions, such as the insolvency of Lehman Brothers, government seizure or receivership of the main Icelandic banks, as well […]
Goldman Sachs ratings moved to negative outlook
Number of issuers on review for downgrade doubles
The ratings follow AIG’s announcement of plans to sell off many of its businesses
Entities merged with and into Transamerica Life Insurance Co.
Rating agency warns that fund of hedge funds may be unable to meet redemption requirements if risks are not closely monitored
The new outlook reflects ongoing concern about the indstry’s expanding equity market exposure