Fitch Plans to Withdraw Ratings of Westar and Kansas Gas & Electric

CHICAGO--(BUSINESS WIRE)--Fitch Ratings plans to withdraw the ratings on Westar Energy, Inc. (Westar) and its subsidiary Kansas Gas & Electric Co. (KGE) on or about Jan. 9, 2017, which is approximately 30... Read more »

5 lakh workers, weavers and artisans open bank accounts

Since many are migrant workers without permanent address, the government is seeking employers’ certification to open bank accounts subject to verification. Read more »

Budget merger won’t affect railways’ autonomy: Government

Committee looked into three issues of merger of rail budget with the general budget, doing away with plan and non-plan distinction and early presentation of the budget. Read more »

Fitch Affirms Miami Parking System, FL’s Revenue Rfdg Bonds at ‘A’; Outlook Positive

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the City of Miami, FL Department of Off-Street Parking's (DOSP, the department or the authority) approximately $65.04 million of outstanding series 2009 A & B parking system... Read more »

Fitch Downgrades Kansas Dept. of Transportation’s Highway Revs to ‘AA-‘; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded approximately $2 billion of the state of Kansas department of transportation (KDOT) highway revenue bonds to 'AA-' from 'AA+'. The Rating Outlook is Stable. SECURITY The... Read more »

Fitch Downgrades or Withdraws Ratings on Distressed Classes in 14 U.S. CMBS Transactions

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken various rating actions on already distressed U.S. commercial mortgage-backed securities (CMBS) bonds. Fitch downgraded 23 bonds in 13 transactions to 'D', as the bonds have incurred... Read more »

Fitch Affirms GTP Cellular Sites, LLC Secured Cellular Sites Revenue Notes, Series 2012-2

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed three classes of GTP Cellular Sites, LLC commercial mortgage pass-through certificates, 2012-2 as follows: --$106 million 2012-2 class A at 'Asf', Outlook Stable; --$41 million 2012-2 class... Read more »

First time in the history of luxury cars, Indian market will expect deceleration this year

The bigger loser in volume and market share has been Volkswagen Group-owned Audi, which saw some challenges on diesel vehicle recalls. Read more »

Fitch Rates Towd Point Mortgage Trust 2016-5

NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns ratings to Towd Point Mortgage Trust 2016-5 (TPMT 2016-5) as follows: --$349,522,000 class A1 notes 'AAAsf'; Outlook Stable; --$35,278,000 class A2 notes 'AAsf'; Outlook Stable; --$30,936,000 class... Read more »

Fitch: Outlook for U.S. Colleges and Universities in 2017 Stable; New Admin Creates Uncertainty

NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: 2017 Outlook: U.S. Colleges and Universities (Pressures Mount for Select Segments) https://www.fitchratings.com/site/re/891236 Both the sector and rating outlook for U.S. colleges and universiti... Read more »