Fitch Affirms SAN Mexico at ‘BBB+’; Outlook Stable

MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on Banco Santander (Mexico), S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico (SAN Mexico). SAN Mexico --Long-term foreign and local currency... Read more »

Fitch Affirms Proagro’s Intl and National IFS Ratings at ‘BBB-‘ and ‘AA-(mex)’; Outlook Stable

MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has affirmed Proteccion Agropecuaria Compania de Seguros, S.A.'s (Proagro) International Insurer Financial Strength Rating (IFS) at 'BBB-' and a National Scale IFS rating at 'AA-(mex)'. The Rating Outlo... Read more »

Fitch Takes Rating Action on Texas DOT GO Mobility Multi-Modal Bank Bonds

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has revised the basis of the Short-term 'F1+' rating on $150,000,000 in Texas Transportation Commission (TTC) State of Texas mobility fund bonds, series 2006-B (multi-modal bonds), to reflect... Read more »

Fitch Upgrades Indio Public Fin Auth, CA Lease Revs to ‘A+’; Outlook Revised to Stable

SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings upgrades the following Indio Public Financing Authority, CA (the authority) lease revenue bonds: --$22.5 million lease revenue refunding bonds, series 2012 (public capital improvements) to 'A+' from 'BBB+'.... Read more »

Fitch Affirms Kinder Morgan, Inc. and Subs at ‘BBB-‘; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB-' Issuer Default Rating (IDR) and senior unsecured ratings on Kinder Morgan, Inc. (KMI) and its wholly owned subsidiaries, subject to the cross guarantee agreement... Read more »

Fitch Downgrades Radio e Televisao Bandeirantes to ‘B’; Outlook Negative

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded Radio e Televisao Bandeirantes Ltda.'s (RTB) long-term foreign-currency and local-currency Issuer Default ratings (IDR) to 'B' from 'BB-'. Fitch has also downgraded the company's National Long-term... Read more »

Fitch Takes Various Rating Actions on Enhanced Municipal Bonds and TOBs

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken various conforming rating actions on enhanced municipal bonds and tender option bonds (TOBs) corresponding to actions taken on their associated enhancement providers or underlying bonds. Long-term... Read more »

A.M. Best Briefing: Increased Market Volatility Drives Rating Outlook Negative for U.S. Life/Annuity Industry

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has revised its outlook to negative from stable for the U.S. life/annuity (L/A) industry, citing increased volatility across economic and regulatory fronts, which includes continuing interest rate pressures.... Read more »

Cabinet clears easier labour laws, tech upgradation for textiles sector

Interventions are expected to boost employment in textiles & create jobs for 11 lakh persons. Read more »

Fitch Rates Thermo Fisher’s EUR1B Commercial Paper Program ‘F2’

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'F2' rating to Thermo Fisher Scientific Inc.'s (Thermo Fisher) new EUR1 billion commercial paper (CP) program. There will be two issuers under the program, Thermo... Read more »