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Fitch Removes DRS Technologies from Rating Watch Positive; Upgrades IDR to 'BBB'

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has removed DRS Technologies, Inc.'s (NYSE:DRS) ratings from Rating Watch Positive and taken various rating actions as detailed below. The actions follow the completion of

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Toyota Motor Company Gets Credit Slashed, Drops Rating

Toyota Motor Company's credit rating has dropped from a AAA rating to AA, after citing "negative developments in the industry" and "Toyota can no longer support a AAA rating", according to a Forbes article which included reports from Fitch Ratings' The drop comes as a first in over a decade for the Japanese...

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Fitch reaffirms AA+ rating for CPS Energy bonds

Fitch Ratings has confirmed its AA+ rating for San Antonio’s electric and gas systems revenue bonds, Series 2008A, issued on behalf of CPS Energy.

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Fitch Confirms San Antonio, Texas' (CPS Energy) Electric & Gas Revs at 'AA+'; Outlook Stable

SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings confirms its 'AA+' rating on San Antonio, Texas' (the city) electric and gas systems revenue and refunding bonds, new series 2008A, issued on behalf of CPS Energy. The

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Fitch Assigns L-T National Scale Rating of 'BBB+(bra)' to JBS Proposed Bank Credit Facility

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a Long-term National Scale rating of 'BBB+(bra)' to the proposed Bank Credit Facility issuance (CCB) of up to BRL400 million by JBS S.A. (JBS). The proceeds will be

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Fitch Confirms $173MM California DWR Power Supply Revs Converted to Fixed Rate at 'A+'

NEW YORK--(BUSINESS WIRE)--Fitch Ratings confirms the underlying long-term rating of 'A+', with a Positive Outlook, for the California Department of Water Resources' (DWR) power supply revenue bonds, series 2005G-4

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Fitch Rts Elkhart County Hosp Auth (IN) Hosp Rev Bonds (Elkhart Gen'l Hosp,Inc.) Ser 2008 'AA+/F1+'

NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a rating of 'AA+/F1+' to the $ 47,800,000 Hospital Authority of Elkhart County Hospital revenue bonds (Elkhart General Hospital, Inc.) series 2008 (the bonds).

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Toyota Motor Company Gets Credit Slashed, Drops Rating

Toyota Motor Company's credit rating has dropped from a AAA rating to AA, after citing "negative developments in the industry" and "Toyota can no longer support a AAA rating", according to a Forbes article which included reports from Fitch Ratings' The drop comes as a first in over a decade for the Japanese automaker, who have been an industry leader for the past...

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Fitch Rates Bank of America's FDIC Guaranteed Debt 'AAA/F1+'

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned 'AAA/F1+' ratings to debt issued by Bank of America Corporation (BAC) under the FDIC Temporary Liquidity Guarantee Program (TLGP). Specifically, BAC has issued $9

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Fitch Downgrades Prudential Financial's Ratings Due to Capital Pressures; Outlook Negative

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded Prudential Financial, Inc.'s (NYSE:PRU) senior debt rating to 'A-' from 'A' and the insurer financial strength (IFS) ratings of PRU's life insurance subsidiaries

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Fitch Places Fidelity National's Ratings on Rating Watch Negative

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has placed the 'BBB' Issuer Default Rating (IDR) of Fidelity National Financial, Inc. (NYSE:FNF) and the 'A-' insurer financial strength (IFS) ratings of its title insurance

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Fitch to Rate Nissan Auto Receivables Owner Trust 2008-C; Issues Presale

NEW YORK--(BUSINESS WIRE)--Fitch Ratings expects to assign the following ratings to Nissan Auto Receivables Owner Trust 2008-C: --$100,000,000 class A-1 'F1+'; --$160,000,000 class A-2a and A-2b 'AAA';

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Fitch Affirms Capital One's Long-Term IDR; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Capital One Financial Corp. (COF) and its subsidiaries at 'A-'. The Rating Outlook is Stable. Approximately $112

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Fitch Places 3 Classes of CSFB Mortgage Securities Corp., Series 2007-TFL2 on Watch Negative

NEW YORK--(BUSINESS WIRE)--Fitch Ratings places the following classes of CS First Boston Mortgage Securities Corp., pass-through certificates, series 2007-TFL2 on Rating Watch Negative:

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Fitch Revises U.S. Not-For-Profit Hospital Sector Outlook to Negative

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has revised its Outlook on the U.S. not-for-profit hospital sector to Negative from Stable. The Outlook revision reflects Fitch's observation and expectation of material