Fitch

Fitch
USA
Fitch Ratings, a subsidiary of Fimalac SA (a French international business support services group), is a rating agency that ranks the credit-worthiness of borrowers by rating their debt or other securities using a standardized ratings scale. Their credit ratings cover corporate, sovereign, financial, bank, insurance, municipal and other public finance entities and the securities or other obligations they issue. They also cover structured finance securities backed by receivables or other financial assets. In addition to credit ratings, Fitch also publishes ratings, scores and other relative opinions relating to financial or operational strength.
Long-term Issue Credit Ratings.
The scale runs from AAA to D and intermediate ratings of (+) or (-) are offered at each level between AA and CCC (for example, BBB+, BBB and BBB-). Fitch 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).
non-investment grade (also referred to as junk): BB, B, CCC, CC, C (speculative; from the least degree of speculation to the highest degree); D (in payment default).
Short-term Issue Credit Ratings.
The scale runs from F1 to D. An F1 rating may be designated with a plus sign (+) to indicate that the issuer's commitment to meet its obligation is extremely strong.
• F1 (strongest capacity for timely payment of financial commitments relative to other issuers or obligations in the same country).
• F2 (good capacity for timely payment of financial commitments relative to other issuers or obligations in the same country).
• F3 (adequate capacity for timely payment of financial commitments relative to other issuers or obligations in the same country; susceptible to near-term adverse changes).
• B (uncertain capacity for timely payment of financial commitments relative to other issuers or obligations in the same country; highly susceptible to near-term adverse changes in financial and economic conditions). speculative; from the least degree of speculation to the highest degree).
• C (highly uncertain capacity for timely payment of financial commitments relative to other issuers or obligations in the same country; capacity for meeting financial commitments is solely reliant upon a sustained, favorable business and economic environment).
• D (actual or imminent payment default).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Fitch — may refer to: Family name* Fitch (surname), a family name of Anglo Norman originPeople* Alan Fitch (1915 1985), British Labour Party politician * Albert Fitch Bellows (1829 1883), American landscape painter * Alfred Fitch, American Olympian *… …   Wikipedia

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  • fitch — fitch·ée; fitch·et; fitch; fitch·ew; …   English syllables

  • fitch|et — «FIHCH iht», noun. 1. a fitch; the polecat of Europe. 2. its fur. ╂[< Old French fissau, fissel polecat fur ( Germanic; compare Middle Dutch fisse fitch) + English et. Compare etym. under fitch1. (Cf. ↑fitch)] …   Useful english dictionary

  • Fitch'e — Fitch [ e], a. [Cf. F. fich[ e], lit. p. p. of ficher to fasten, OF. fichier to pierce. Cf. 1st {Fish}.] (Her.) Sharpened to a point; pointed. [1913 Webster] {Cross fitch[ e]}, a cross having the lower arm pointed. [1913 Webster] …   The Collaborative International Dictionary of English

  • Fitch — (?; 224), n.; pl. {Fitches}. [See {Vetch}.] 1. (Bot.) A vetch. [Obs.] [1913 Webster] 2. pl. (Bot.) A word found in the Authorized Version of the Bible, representing different Hebrew originals. In Isaiah xxviii. 25, 27, it means the black aromatic …   The Collaborative International Dictionary of English

  • Fitch — Fitch, n. [Contr. of fitched.] (Zo[ o]l.) The European polecat; also, its fur. [1913 Webster] …   The Collaborative International Dictionary of English

  • Fitch — Fitch, John Fitch, Val Logsdon …   Enciclopedia Universal

  • Fitch — (spr. fitsch), Sir Joshua Girling, engl. Schulmann, geb. 1824, verdankt seine Ausbildung dem University College und der Universität zu London. Von 1852–56 war er zweiter, 1856–63 erster Leiter des Normal College der Britischen und auswärtigen… …   Meyers Großes Konversations-Lexikon

  • Fitch — Val Logsdon …   Scientists

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