What do the Fitch Ratings mean?
Fitch ratings is a credit rating agency that rates the viability of investments relative to the likelihood of default. Fitch is one of the top three credit rating agencies internationally, along with Moody’s and Standard & Poor’s.
What does a Fitch BBB rating mean?
good prospects for ongoing viability
‘bbb’ ratings denote good prospects for ongoing viability. The financial institution’s fundamentals are adequate, such that there is a low risk that it would have to rely on extraordinary support to avoid default. However, adverse business or economic conditions are more likely to impair this capacity. bb.
What is S & P credit rating system?
The S&P rating is a credit score that describes the general creditworthiness of a company, city, or country that issues debt. 4. The Standard & Poor’s company rates how likely debt will be repaid from the entity in question.
What is AAA rated?
What Is AAA? AAA is the highest possible rating that may be assigned to an issuer’s bonds by any of the major credit rating agencies. AAA-rated bonds have a high degree of creditworthiness because their issuers are easily able to meet financial commitments and have the lowest risk of default.
What does a CCC rating mean?
CCC. An obligation rated ‘CCC’ is currently vulnerable to nonpayment, and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitment on the obligation.
What does BBB mean in S&P?
S&P may also offer guidance (referred to as a credit watch) on whether it is likely to be upgraded (positive), downgraded (negative) or uncertain (neutral). Investment Grade: AAA, AA, A, BBB (from best quality to good quality but somewhat vulnerable to changing economic conditions).
What is Fitch Ratings?
What Is Fitch Ratings? Fitch Ratings is an international credit rating agency based out of New York City and London. Investors use the company’s ratings as a guide as to which investments will not default and subsequently yield a solid return.
What do Fitch sovereign ratings mean?
Fitch Ratings and Sovereign Nations. Fitch offers sovereign credit ratings that describe each nation’s ability to meet its debt obligations. Sovereign credit ratings are available to investors to help give them insight into the level of risk associated with investing in a particular country.
Who is the parent company of Fitch Ratings?
Fitch Ratings and Fitch Solutions are part of the Fitch Group. The firm was founded by John Knowles Fitch on December 24, 1914, in New York City as the Fitch Publishing Company.
What risks do Fitch’s credit ratings address?
Fitch’s credit ratings do not directly address any risk other than credit risk. Credit ratings do not deal with the risk of market value loss due to changes in interest rates, liquidity and/or other market considerations.