Fitch Assigns BB+/RR1 Rating for American Air Revolver

Fitch Ratings has assigned a rating of BB+/RR1 to American Airlines’ senior secured credit facility. American is expected to enter into new $1.15 billion senior secured credit facilities.

Fitch Assigns BBB- Rating for TPG Specialty Lending

TPG Specialty Lending announced that Fitch Ratings has assigned the company investment grade ratings of BBB-; the Rating Outlook is Stable.

Bloomberg: U.S. Keeps AAA, Outlook Raised to Stable

Bloomberg reported that Fitch Ratings increased its outlook on the U.S.’s AAA credit-ranking to stable from negative, joining Moody’s and S&P in assigning stable outlooks on the world’s largest economy.

Fitch: Global Corporate Default Rates Modest in 2013

Europe’s fragile emergence from recession coupled with soft U.S. growth and slowing emerging market activity remained key factors affecting global corporate credit quality in 2013, according to a new Fitch Ratings report.

Fitch Study: Institutional Loans Expanding Faster than High-Yield Bonds

A new study by Fitch Ratings finds the institutional loan market expanded at a faster clip than the high-yield bond market in 2013 — up 26% year over year (to $725 billion) versus 12% for high-yield ($1.265 trillion).

Fitch: G-SIBs Meet Basel III Standards Early

Fitch Ratings said global systemically important banks (G-SIBs) have essentially met their Basel III capital requirements early. The Basel III requirements will not formally take effect until the beginning of 2019.

Fitch: Asset Quality Gains Diminishing for U.S. Banks in ’14

Large U.S. banks’ financial results for Q4/13 signal the start of a likely turn in net charge-offs and the trend of moderating asset quality may come to an end in 2014, according to Fitch Ratings.

Fitch Downgrades Senior Classes of Morgan Stanley 2007-XLC1

Fitch Ratings downgraded two and affirmed four classes of Morgan Stanley 2007-XLC1, Ltd. and Morgan Stanley 2007-XLC1, LLC, reflecting Fitch’s base case loss expectation of 58%.

Fitch: U.S. Bank Loan Growth Driven by Smaller Institutions

Smaller U.S. banks appear to have been more aggressive lenders, particularly with C&I loans, and may be more vulnerable to asset quality deterioration in a rising rate environment, according to Fitch Ratings.

Fitch: Finance Companies Risk Deposit Outflows as Rates Rise

U.S. finance companies using deposits as a funding source face outflow risk that can affect the funding of business activities in a rising rate environment, according Fitch Ratings.