Upgrades & Downgrades
Fitch Downgrades 3 Classes from RMF Four Seasons CFO Ltd. (Business Wire)
NEW YORK----Fitch Ratings has downgraded three classes from RMF Four Seasons CFO Ltd. as follows: Read
Moody's raises Precision Castparts rating a notch (AP)
Moody's Investors Service on Friday raised its rating on Precision Castparts Corp.'s senior unsecured debt by one notch to 'Baa1,' citing strong recent performance and a positive outlook for its key manufacturing segments. Read
Fitch Rtes NC State Ed Assistance Auth Tax-Exempt Student Loan Revs Sr 2008-3 Ser 'AA-/F1+' (Business Wire)
NEW YORK----Fitch Ratings assigns an 'AA-/F1+' rating to North Carolina State Education Assistance Authority's $105,945,000 tax-exempt education loan revenue and refunding bonds senior 2008-3 series . Read
Fitch Downgrades 3 Classes of GMAC 1998-C1; Assigns Stable Outlooks (Business Wire)
NEW YORK----Fitch Ratings has downgraded GMAC Commercial Mortgage Securities, Inc.'s commercial mortgage pass-through certificates, series 1998-C1 as follows: Read
Fitch downgrades Southwest Airlines on debt (AP)
Fitch Ratings lowered its credit rating on Southwest Airlines Co. Friday, citing concern that the low-cost carrier has too much debt after drawing $400 million from a revolving credit facility. Read
Fitch Downgrades 1 Class of Banc of America Commercial Mortgage, Series 2004-4; Assigns Outlooks (Business Wire)
CHICAGO----Fitch Ratings downgrades Banc of America Commercial Mortgage Inc., commercial mortgage pass-through certificates, series 2004-4 as follows: Read
Healthcare Services rises following upgrade (AP)
Shares of Healthcare Services Group Inc. moved up Friday after a William Blair & Co. analyst upgraded the stock, saying the company is in a good financial position and looks strong compared with its peers. Read
Fitch Affirms Wachovia Bank Series 2003-C9; Assigns Outlooks (Business Wire)
CHICAGO----Fitch Ratings affirms and assigns Rating Outlooks to Wachovia Bank Commercial Mortgage Trust's commercial mortgage pass-through certificates, series 2003-9, as follows: Read
S&P lowers Autoliv's corporate credit rating (AP)
Standard & Poor's Ratings Services cut Autoliv Inc.'s long-term corporate credit rating Friday, citing market pressures and softening credit protection measures. Read
BioMarin shares rise on Citi upgrade to 'Buy' (AP)
Shares of BioMarin Pharmaceutical Inc. rose Friday after Citi upgraded the stock based on the sales potential for its three approved treatments, its early-stage development products and healthy cash position. Read
Fitch Affirms Trustmark Corporation's IDR at 'A-'; Outlook Stable (Business Wire)
CHICAGO----Fitch Ratings has affirmed the long-term Issuer Default Rating for Trustmark Corporation and its banking subsidiary, Trustmark National Bank at 'A-'. See complete list of ratings at the end of this release. Read
Fitch Confirms Intermountain Power Agency VRBs, Ser 85E & F Maturing 2018 'AA-/F1' (Business Wire)
NEW YORK----Fitch Ratings confirms the 'AA-/F1' rating assigned to the Intermountain Power Agency variable rate power supply revenue and refunding Bonds, 1985 series E maturing July 1, 2018, and variable rate power supply revenue bonds, 1985 series F maturing July 1, 2018. Read
Fitch Rates Hawaii County, HI's $50MM GO Bonds 'A+' (Business Wire)
SAN FRANCISCO----Fitch assigns an 'A+' rating to Hawaii County , HI's $50 million general obligation bonds, 2008 Series A and also affirms the 'A+' rating on $293 million in outstanding parity bonds. Read
Moody's downgrades GMAC and mortgage arm (AP)
Moody's Investor Service downgraded the senior unsecured debt of GMAC LLC Friday, along with the debt of its mortgage business, Residential Capital LLC, following GMAC's launch of debt exchange offerings totaling $38 billion. Read
William Blair & Company Issues Research Report on Data Networking Industry, Initiates Coverage of Five Companies (Business Wire)
CHICAGO----William Blair & Company issued an Industry Report on data networking and initiated research coverage of five companies in the space. Analyst Jason Ader initiated coverage of F5 Networks, Inc. and Juniper Networks, Inc. with Outperform ratings and Aggressive Growth company profiles; Cisco Systems, Inc. with a Market Perform rating and Core Growth company profile; and Polycom, Inc. and Riverbed Technology, Inc. with Market Perform ratings and Aggressive Growth company profiles. Read
Source Capital Announces Investment Opinion: Upgrades Recommendation on Digital Ally, Inc. Strong Buy Recommendation (Business Wire)
SCOTTSDALE, Ariz.----Source Capital Group, Inc. announced today that it has upgraded its recommendation on Digital Ally, Inc. to a STRONG BUY recommendation from buy. The new 12-month price target is $12.00 per share. Read
Moody's lowers Nordstrom's outlook to negative (AP)
Moody's Investors Service lowered Nordstrom Inc.'s outlook to negative from stable, citing the retailer's third-quarter same-store sales decline. Read
Fitch Takes Various Actions on 207 2006 U.S. Subprime RMBS Transactions (Business Wire)
NEW YORK----Fitch Ratings has taken various rating actions on 207 2006 vintage U.S. subprime RMBS transactions as part of its ongoing review of 2005-2007 vintage subprime RMBS. Read
Fitch Publishes Ratings on CIT Mortgage Loan Trust 2007-1 (Business Wire)
NEW YORK----Fitch Ratings publishes its ratings on CIT Mortgage Loan Trust 2007-1. Loss Coverage Ratios for each class are included with the ratings as follows: Read
Correction - Fitch Rates North Mississippi Health Services (MS) Revs 'AA/F1+'; Outlook Stable (Business Wire)
NEW YORK----This announcement corrects the version issued earlier today. The fourth paragraph contained an error which is corrected in the following version: Read
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