Fitch Downgrades Wells Fargo Bank’s LT/IDR to AA-

Fitch Ratings downgraded the long- and short-term issuer default ratings of Wells Fargo & Company to A+/F1 from AA-/F1+. Fitch also downgraded the LT IDR of Wells Fargo Bank to AA-.

Fitch Affirms GE, GE Capital at ‘AA-/F1+’ Following Baker Hughes Deal

Fitch Ratings has affirmed the ‘AA-/F1+’ Long-and Short-Term Issuer Default Ratings for GE and GE Capital Global Holdings following the agreement to combine GE Oil & Gas with Baker Hughes.

Fitch: M&A Pace Increases Risk of U.S. Companies Overleveraging

The breakneck pace of merger and acquisition activity continues to increase the risk that US companies will overleverage balance sheets andor miscalculate synergy prospects, according to Fitch Ratings.

Fitch: U.S. Public Finance Upgrades Exceed Downgrades

During Q1/15 and for the fourth straight quarter, U.S. public finance rating upgrades outnumbered downgrades, according to Fitch Ratings.

Fitch: Restaurant ABS Rise to Extract Shareholder Value

Fitch Ratings reported that highly franchised U.S. restaurants are increasingly using securitizations in order to extract value for shareholders.

Fitch: U.S. Banks’ Risk in Oil’s Decline Limited, for Now

U.S. banks with higher exposures to the energy sector should withstand the recent declines in energy prices over the near-term, according to Fitch Ratings.

Fitch Rates CIT Group ‘BB+’; Outlook Stable

Fitch Ratings assigned BB+/B long- and short-term IDRs to CIT Group, as well as a stable Rating Outlook. However, Fitch notes that the pending OneWest Bank acquisition poses modest integration and execution risks.

Fitch Updates Global Structured Finance Criteria Hierarchy

Fitch Ratings published an updated version of its interactive Global Structured Finance and Covered Bonds Rating Criteria Hierarchy.

Fitch: RadioShack’s New Financing Plan a Short-Term Respite

Fitch said despite RadioShack’s recently announced refinancing it believes the risk of restructuring that is detrimental to bond holders remains high given material deterioration in liquidity and no visible signs the company can turn operations around.

Fitch: BDC’s Off Balance Sheet Loan Programs Distort Leverage

BDCs are increasingly using off balance sheet investment vehicles called senior secured loan programs to increase their effective portfolio leverage without running afoul of regulatory limits, according to Fitch Ratings.