Fitch Has Negative View of BDCs Increasing Leverage

Fitch Ratings announced it would have a negative view of BDCs that intend to increase their leverage following the passage of the new U.S. $1.3 billion spending bill.

Fitch: Bank Ratings Won’t Be Affected by Dodd-Frank Changes in Short Term

According to a Fitch Ratings report, small to mid-size banks should not experience any ratings issues in the short term following the passage of legislation lessening the burden of financial regulations.

Fitch Downgrades GE to ‘A+/F1′; Outlook Negative

Fitch Ratings downgraded the long- and short-term issuer default ratings for General Electric and GE Capital Global Holdings to “A+” and ‘F1’ from ‘AA-‘and ‘F1+.’

Fitch: Large U.S. Banks Keeping a Lid on Retail Sector Exposure

Fitch Ratings reported the largest U.S. banks are keeping their exposure to the beleaguered retail sector in check.

Fitch: NewStar on Rating Watch Following Acquisition by First Eagle

Fitch Ratings placed NewStar Financial’s Long-Term and Short-Term Issuer Default Ratings ‘BB-‘ and ‘B’, respectively, on rating watch evolving following the announcement that First Eagle Investment Management is acquiring NewStar.

Fitch Rates J.C. Penney’s New $1.69B Term Loan ‘BB+’

Fitch Ratings assigned ‘BB+/RR1’ ratings to J.C. Penney’s new $1.69 billion senior secured term loan.

Fitch Rates Calpine’s New Term Loan ‘BB+’

Fitch Ratings has assigned a ‘BB+’ rating to Calpine’s $562 million first-lien term loan facility maturing May 31, 2023

Fitch: Energy Sector Won’t Materially Impact Consumer Lenders

In a report, Fitch Ratings noted that stress in the U.S. energy sector should not materially impact the credit profiles of large consumer lenders with national footprints.

Fitch Cuts Peabody Energy’s Long-Term IDR to ‘CC’

Fitch Ratings has downgraded Peabody Energy’s long-term issuer default rating to ‘CC’ from ‘CCC’. Approximately $8.4 billion in face amount of obligations is affected by the rating actions.

Fitch: Fallout from Oil Prices Emerging for U.S. Banks

According to a Fitch Ratings report, Q4/15 results for U.S. banks showed generally lower net income affected by market volatility, interest rate uncertainty and pressures in oil and gas.