Fitch: Leveraged Loan Risks Appear Manageable for Now

According to Fitch Ratings, leveraged loan risks to the U.S. banking system are manageable in the near term. However, negative rating actions for banks would become more likely in the event of a significant market disruption.

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.