Fitch Downgrades Neiman’s Term Loan/Secured Notes

Fitch Ratings said it has downgraded the rating on the Neiman Marcus Group’s senior secured term loan and secured debentures to B/RR4 from B+/RR3. Fitch also affirmed Neiman’s IDR at B and raised its outlook from stable to positive.

S&P Rates RR Donnelley Secured Credit Facility BBB-

S&P assigned commercial printing company R.R. Donnelley’s proposed senior secured revolving credit facility of up to $1.25 billion, an issue-level rating of BBB- with a recovery rating of 1.

Fitch Changes Dole’s Rating Watch to Positive

Fitch Ratings has changed the Rating Watch on Dole Food Co. and Solvest, Dole’s wholly owned subsidiary, to positive from negative.

Fitch Ups Outlook on Three Classes of NewStar Notes

Fitch Ratings said it has affirmed six classes of notes issued by NewStar Commercial Loan Trust 2007-1 and revised the ratings outlooks on three classes from negative to stable.

Fitch: Houghton Mifflin’s Bank Facility Would Be Rated BB+/RR1

Fitch Ratings said it believes that upon exiting bankruptcy the Issuer Default Rating of Houghton Mifflin Harcourt would be B+. Given the strong recovery prospects, the $250 million senior secured term loan and the $250 million asset backed credit facility would be notched up at a BB+/RR1 rating.

Fitch Raises CapitalSource, Affirms Bank Subsidiary

Fitch Ratings said it has upgraded CapitalSource’s long-term Issuer Default Rating and senior sub-debt rating to BB and BB-, respectively, and affirmed the long-term IDR of its wholly owned bank subsidiary, CapitalSource Bank.

Fitch Rates Toys ‘R’ Us New Term Loan, Says Outlook Stable

Fitch Ratings has assigned a rating of B-/RR5 to the $300 million term loan due 2018 issued at Toys ‘R’ Us – Delaware. The $300 million term loan is secured by a first lien on intellectual property rights and a second lien on accounts receivable and inventory of Toys-Delaware and its domestic subsidiaries.

S&P Raises Long-Term Issuer Credit Rating on CIT

S&P said it raised its long-term issuer credit rating on CIT to BB from B+, saying the company’s outlook is stable.

S&P Assigns Ratings to Eastman Kodak DIP Revolver

Standard & Poor’s Rating Services assigned ratings to Eastman Kodak Co.’s $950 million DIP credit facility. S&P rated the revolver B+ and the term loan B-. The company’s corporate credit rating remains D.