Fitch Affirms Protective Life’s Rating; Outlook Negative

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Protective Life Corporation's (PL) primary life insurance subsidiaries at 'A+'. The Rating Outlook on the IFS rating is Negative. Fitch... Read more »

Fitch Affirms OneBeacon’s Ratings; Outlook Stable

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB+' Issuer Default Rating (IDR) of OneBeacon Insurance Group, Ltd.'s (NYSE: OB) (OneBeacon) holding company and the 'A' Insurer Financial Strength (IFS) rating of its operating... Read more »

Fitch to Rate COLT 2016-3 Mortgage Loan Trust; Presale Issued

NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: COLT 2016-3 Mortgage Loan Trust (US RMBS)https://www.fitchratings.com/site/re/891595 Fitch Ratings expects to rate COLT 2016-3 Mortgage Loan Trust (COLT 2016-3) as follows: --$129,916,000 class ... Read more »

Fitch Rates Chesapeake Energy’s Unsecured Notes ‘B-/RR4’; Outlook Negative

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a 'B-/RR4' rating to Chesapeake Energy Inc.'s (NYSE: CHK) announced private placement of $1 billion senior unsecured notes due 2025. The company expects to use net proceeds... Read more »

Fitch Affirms PDVSA’s Ratings at ‘CC’

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed Petroleos de Venezuela S.A.'s (PDVSA) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'CC' and the company's National Scale long-term rating at 'CCC(ven)'. Fitch has... Read more »

Fitch Rates Lasell Village (MA) ‘A’; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A' rating to the implied general revenue obligation of Lasell Village, MA (LV). The Rating Outlook is Stable. KEY RATING DRIVERS SOLID DEMAND FOR UNIQUE... Read more »

Fitch Affirms Emerald Heights, WA at ‘A-‘; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the rating on the following bonds issued by the Washington State Housing Finance Commission on behalf of Eastside Retirement Association d/b/a Emerald Heights: --$26.255 million revenue... Read more »

Kroll Bond Rating Agency Assigns Preliminary Ratings to CSMC 2016-NXSR

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 19 classes of the CSMC 2016-NXSR transaction. CSMC 2016-NXSR is a $606.8 million CMBS conduit... Read more »

Fitch Takes Various Actions on SLM 2004-8

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on SLM Student Loan Trust 2004-8 (SLM 2004-8): --Class A-5 affirmed at 'AAAsf'; Outlook Stable; --Class A-6 upgraded to 'AAAsf' from 'AAsf';... Read more »

Fitch: US Prime Money Fund Assets Consolidate Post-Reform

NEW YORK--(BUSINESS WIRE)--Vanguard and Charles Schwab are set to exert greater influence as prime money fund investors after significant market share gains following the introduction of money market fund reforms, says Fitch... Read more »