The Outlook remains Negative. AF's ratings are as follows: --Individual rating at 'B/C'; --Senior unsecured at 'BBB+'; --Support Floor at 'NF'. The Negative Outlook reflects Fitch's view that AF's operating performance will...
The credit rating agency lowers the debt of American, United and Northwest citing a 'bit' of greater risk of liquidation. Standard & Poor's downgraded the debt of some of the nation's largest carriers on Friday, saying high...
Standard & Poor's drops American, United, and Northwest a notch apiece as heavy losses are expected to continue. Standard & Poor's Friday downgraded the debt ratings of three major U.S. airlines, citing expected losses and...
NEW YORK - Credit ratings agency Standard & Poor's on Friday placed the counterparty credit of LandAmerica Financial group Inc. and its title insurance's counterparty credit and financial strength ratings on a negative watch....
Adding to recent concerns about the outlook for Fannie Mae and Freddie Mac, Standard and Poor's revealed Friday afternoon that it has placed some of its credit ratings on the government-backed mortgage finance companies on...
Standard and Poor's Ratings Services on late Friday downgraded Downey Financial'sDSL counterparty credit rating, following a similar action by Moody's Investors Service late Thursday. Citing its "increasing concerns about the...
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of ”a-“_of GMAC Insurance Group (GMACI) and its sixteen...
MUMBAI (Thomson Financial) - Standard&Poor's Ratings Services said it raised the long-term corporate credit rating on Montreal-based Domtar Corp. and its subsidiary Domtar Inc. to 'BB' from 'BB-'. The outlook is stable. The...
Four years ago, the result of moving state funds around without really controlling deficit spending found Indiana in a financial mess. We described it at the time as a perfect storm bearing down on Hoosier property tax payers.
Barden's partner warns of big cost increases if gaming board doesn't act quickly By Tom Barnes, Post-Gazette Harrisburg Bureau HARRISBURG -- The odds of opening Pittsburgh's North Shore casino by May 2009 could worsen...