Posts Tagged ‘Stable’

Fitch Rates Alta Wind 2010 Pass-Through Trust’s Certificates ‘BBB-’; Outlook Stable
CHICAGO—-Fitch rates Alta Wind 2010 Pass-Through Trust’s issuance of $579.9 million senior secured pass-through certificates due 2035 ‘BBB-’ with a Stable Outlook. The rating primarily reflects the risks inherent in the operation of a greenfield wind project over a 24-year term.

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Fitch Rates Greenville, Texas’ COs ‘AA-’; Outlook Stable
AUSTIN, Texas—-Fitch Ratings assigns an ‘AA-’ rating to the following Greenville, Texas combination tax and revenue certificates of obligation :

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Fitch Affirms GFNorte & Banorte at ‘BBB’; Outlook Stable
MONTERREY, Mexico—-Fitch Ratings has affirmed the ratings of Grupo Financiero Banorte and Banco Mercantil del Norte . The Rating Outlook on both companies’ ‘BBB’ long-term Issuer Default Ratings remains Stable.

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Fitch Affirms Mojave USD’s (CA) COPs at ‘A+’; Outlook Stable
SAN FRANCISCO—-Fitch Ratings takes the following rating action on Mojave Unified School District , California’s certificates of participation as part of its continuous surveillance effort:

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Fitch Upgrades ISA Capital do Brasil’s IDR to ‘BB+’; Outlook Stable
NEW YORK—-Fitch Ratings has upgraded ISA Capital do Brasil S.A.’s foreign and local currency Issuer Default Ratings to ‘BB+’ from ‘BB’. Concurrently, Fitch has upgraded Isa Capital’s USD31.6 million of notes outstanding due 2017 to ‘BBB-’ from ‘BB’.

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Fitch Affirms White Mountains’ Ratings; Outlook Revised to Stable
CHICAGO—-Fitch Ratings has affirmed all Issuer Default Ratings , debt and Insurer Financial Strength ratings for White Mountains Insurance Group, Ltd. and its property/casualty insurance subsidiaries, including OneBeacon Insurance Group, Ltd.’s subsidiaries and White Mountains Re Group, Ltd. and its subsidiaries.

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Fitch: Canadian Banks Maintain Resiliency in 1H’10 with Stable Credit Outlook
NEW YORK—-The major Canadian banks’ strong profitability and performance relative to the rest of the world continued during the first six months of 2010 and should continue over the remainder of the year, according to Fitch Ratings.

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Fitch Expects to Rate Ocwen Financial Corp’s New Senior Secured Term Loan ‘BB-’; Outlook Stable
NEW YORK—-Fitch Ratings expects to assign a ‘BB-’ rating to Ocwen Financial Corp’s $350 million Senior Secured facility maturing in 2015. Proceeds from the new loan facility are expected to be used to replace the bridge financing to be used to fund Ocwen’s purchase of the HomEq Servicing portfolio and as additional acquisition financing.

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Fitch Rates Schertz-Seguin LGC, TX’s $22MM Contract Revs ‘AA-’; Outlook Stable
AUSTIN, Texas—-Fitch Ratings assigns an ‘AA-’ rating to the following Schertz-Seguin Local Government Corporation , TX’s contract revenue bonds:

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Fitch Affirms Newfield’s IDR at ‘BB+’ and Upgrades Sr Sub Notes to ‘BB’; Outlook Stable
CHICAGO—-Fitch Ratings has affirmed Newfield Exploration Company’s Issuer Default Rating at ‘BB+’ and upgraded the company’s senior subordinated note rating to ‘BB’ from ‘BB-’.

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