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.
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 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.
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.
According to Fitch Ratings, volatile commodity prices are weighing heavily on some U.S. companies even as others enjoy stable industry fundamentals.
Fitch Ratings said recent leveraged loan price volatility presents increased risks and opportunities for CLO managers.
According to Fitch Ratings, the trailing 12 month U.S. institutional leverage loan default rate is forecast to rise to 2.5% in 2016.
In a new report, Fitch Ratings noted that U.S. banks will continue to have their short and long-term business strategies affected by a “lower-for-longer” interest rate environment.
Fitch Ratings has assigned a ‘BBB-/RR1’ rating to Wynn Resorts Macau’s $3.05 billion senior secured credit facility.
Fitch Ratings published the second edition of ‘Rating Asset-Backed Lending Facilities’, a report that reviews Fitch’s methodologies in the recovery analysis of asset-based lending facilities and compares results to actual bankruptcy outcomes.
The energy sector default rate is expected to rise above its long-term average of 1.9% in 2015, according to Fitch Ratings.