Fitch: US HY Default Rate Forecast at 3%; Energy to 3% in 2017

NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: Fitch U.S. High Yield Default Insight (U.S. HY Default Rate Roughly 3%; iHeart Largest U.S. Bonds of Concern Name) https://www.fitchratings.com/site/re/891677 After driving the 2016 rate,... Read more »

Fitch Affirms PEMEX Finance Ltd. at ‘A+’; Outlook Stable

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the ratings assigned to the outstanding series issued by PEMEX Finance Ltd. as follows: --Series 1998 9.15% notes due 2018 at 'A+'; Outlook Stable; --Series 1999 10.61%... Read more »

A.M. Best Affirms Credit Ratings of Insurance Subsidiaries of OneMain Holdings, Inc.

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb+” of American Health and Life Insurance Company (AHLIC).... Read more »

Fitch Withdraws Ratings on Certain Municipal Bond Maturities

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has withdrawn its ratings for the following bonds due to prerefunding activity: --Richmond Hospital Authority (IN) (Reid Hospital Project) revenue bonds series 2009A (prerefunded maturities only - 764791AJ8,... Read more »

Fitch Downgrades S-T to ‘F1’on City of Houston, TX Airport System Senior Lien CP Notes Series A & B

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded the short-term rating assigned to the $150,000,000 City of Houston, TX airport system senior lien commercial paper notes series A (AMT) and series B (Non-AMT) (notes)to... Read more »

Fitch Affirms FREMF 2012-K706 and Freddie Mac Pass-Through Certificates, Series K-706

NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: FREMF 2012-K706 Multifamily Mortgage Pass-Through Certificates and Freddie Mac Structured Pass-Through Certificates, Series K-706https://www.fitchratings.com/site/re/891785 Fitch Ratings has aff... Read more »

Fitch Rates UnitedHealth Group’s Planned Issuance ‘A-(EXP)’

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A-(EXP)' rating to UnitedHealth Group Incorporated's (UNH) planned benchmark offering of senior unsecured notes in a mix of 10 and 30 year maturities. Fitch expects the... Read more »

Fitch: US Banks to Benefit from Rate Rise, But Earnings Headwinds Persist

CHICAGO--(BUSINESS WIRE)--Most U.S. banks are projected to benefit from the December 2016 interest rate hike, according to the latest North American Financial Institutions Chart of the Month from Fitch Ratings. However, absent... Read more »

Fitch: Friendly Skies to Continue for U.S. Airport Credits

NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: Peer Review of U.S. Airports (Attribute Assessments, Metrics and Ratings)https://www.fitchratings.com/site/re/890956 U.S. airports ratings will stay largely entrenched in the 'A' category thanks... Read more »

Fitch Affirms Spire Inc. and Subsidiaries’ Ratings; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the Long-Term Issuer-Default Rating (IDR) on Spire Inc. (Spire) at 'BBB+'. Fitch has also affirmed the Long-Term IDRs on Spire's regulated gas distribution subsidiaries: The Laclede... Read more »