Tag: Fitch Ratings
Fitch downgrades U.S. bank ratings from stable to negative
PROVIDENCE – Fitch Ratings has downgraded its collective ratings outlook for U.S. banks from stable to negative over concerns about the financial impact of...
FM Global receives A+ credit rating
JOHNSTON – FM Global, a global commercial and industrial property insurer, received an A+ financial strength rating and stable outlook from AM Best, according...
Fitch Ratings: Tax reform may have contributed to slowing home price...
PROVIDENCE – The 2017 federal tax reform, which put a new limit on a deduction for state and local property tax and mortgage interest,...
Fitch affirms Lifespan bond rating but downgrades outlook to negative
PROVIDENCE – Fitch Ratings downgraded their outlook for Lifespan Corp. from stable to negative, while affirming the health system’s revenue bond rating of BBB+,...
R.I. general obligation bonds receive AA rating from Fitch
PROVIDENCE – Fitch Ratings has assigned an AA rating to Rhode Island’s general obligation bonds. The rating outlook is stable.
Fitch noted Rhode Island’s conservative...
FM Global has AA rating affirmed by Fitch
JOHNSTON – FM Global had its AA (Very Strong) Insurer Financial Strength rating from Fitch Ratings affirmed this month and its rating outlook was...
Fitch affirms RIAC’s BBB+ bond rating and holds positive outlook
WARWICK – Fitch Ratings has affirmed the R.I. Airport Corp.’s BBB+ rating on $97 million outstanding revenue bonds as of June 30, the ratings...
Report: R.I. public pensions underperform assumptions by over 2 percentage points...
PROVIDENCE – Rhode Island’s state and local pensions had 10-year average returns of 5.1% and 17-year average returns of 5.7%, according to a new...
R.I. earns high marks on bonds, credit risk from Fitch...
PROVIDENCE – Rhode Island received high marks in a recent bond ratings report from New York-based Fitch Ratings, one of the big three investment...
Fitch affirms ‘AA’ credit rating, ‘stable’ outlook for FM Global
JOHNSTON – FM Global, among the world’s largest commercial and industrial property insurers, has received an “AA” financial strength affirmation from Fitch Ratings, the...