Fitch Affirms Mexico City’s Airport Trust Sr Secured Notes at ‘BBB+’; Outlook Revised to Negative

MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB+' rating to Mexico City's Airport Trust's (Grupo Aeroportuario de la Ciudad de Mexico, S.A. de C.V. [GACM]) senior secured notes and has revised the... Read more »

Fitch Expects to Rate J.P. Morgan Mortgage Trust 2016-5; Presale Issued

NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: J.P. Morgan Mortgage Trust 2016-5 (US RMBS)https://www.fitchratings.com/site/re/891989 Fitch Ratings expects to rate J.P. Morgan Mortgage Trust 2016-5 (JPMMT 2016-5) as follows: --$346,800,000 c... Read more »

Fitch Affirms Paducah Power System, KY’s Revs at ‘BBB’; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB' rating on the following Paducah Power System, KY (PPS) revenue bonds: --$41.1 million revenue bonds series 2009A. The Rating Outlook is Stable. SECURITY The... Read more »

Fitch Affirms the States of Aguascalientes and Guanajuato’s Local Currency IDRs at ‘BBB+’

MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has affirmed the States of Aguascalientes and Guanajuato's Long-Term Local Currency Issuer Default Ratings (IDR) at 'BBB+'. The Rating Outlooks have been revised to Negative from Stable. The... Read more »

Fitch Rates OHA Credit Partners XIII, Ltd./LLC

LONDON--(BUSINESS WIRE)--Fitch Ratings has assigned the following rating and Rating Outlook to OHA Credit Partners XIII, Ltd./LLC: -$2,000,000 class X notes, assign 'AAAsf'; Outlook Stable; -$256,000,000 class A notes, assign 'AAAsf'; Outlook... Read more »

A.M. Best Upgrades Credit Ratings of Northwest G.F. Mutual Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has upgraded the Financial Strength Rating (FSR) to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb-” from “bb” of Northwest G.F.... Read more »

A.M. Best Upgrades Credit Ratings of The Marysville Mutual Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-term Issuer Credit Rating (Long-Term ICR) to “a-” from “bbb+” of The Marysville... Read more »

Fitch: Brazil’s Commercial Real Estate Still Mired in Recession

NEW YORK--(BUSINESS WIRE)--Brazil's commercial real estate market continues to face rental income volatility and an oversupply in the office and industrial sectors, Fitch Ratings says. Despite deterioration in cash flow generation and... Read more »

Fitch: LIBOR’s Rise Signals BDC Earnings Boost

NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: 2017 Outlook: Business Development Companies (Negative Sector Outlook Maintained on Continued Performance Pressures) https://www.fitchratings.com/site/re/888951 Rising short-term rates will like... Read more »

Kroll Bond Rating Agency Comments on Eastern Virginia Bankshares, Inc.’s Merger with Southern National Bancorp of Virginia, Inc.

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) released a comment entitled, “United Community Banks, Inc.’s acquisition of Palmetto Bancshares, Inc.”, which makes the following points: Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (“EVB”)... Read more »