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 […]
Further pockets of negative rating actions are possible
More transparent credit rating system an important step towards restoring investor confidence
Fannie Mae and Freddie Mac face heightened demand to provide mortgage financing
Old-fashioned investment ratios will gain greater prominence in determining worthy investments
Proposals intended to strengthen procedures and processes
A survey of institutional investors by Fitch Ratings predicts that credit markets are likely to remain rocky until at least the third quarter.Stability in the U.S. credit markets is not expected to return until the third quarter, or later, while stability in the housing market is likely even further off, according to the survey. This […]
These aren’t particularly happy days for the world’s key rating agencies, and Canada’s own DBRS Ltd. has certainly been served its own portion of misery. The Toronto-based firm took a blow to its reputation — some say deserved, others say not — over its role in the asset-backed commercial paper fiasco that hit the Canadian […]
Weaker U.S. economy will contribute to a higher proportion of downgrades in 2008
Rating agency advocating greater transparency for investors in the structured finance markets