Fitch Assigns Rating Outlooks to $313B of U.S. Credit Card ABS; Affirms Ratings (Business Wire) NEW YORK----Fitch today announces the assignment of Rating Outlooks to $313 billion of outstanding credit card asset backed securities issued from 22 master and issuance trusts. In conjunction with the assignment of the Rating Outlooks, all corresponding credit card ABS ratings are affirmed.
Mainetti Selects UST Global for Worldwide Oracle ERP Upgrade (Business Wire) ALISO VIEJO, Calif.----UST GlobalSM, a leading provider of IT services and solutions for Global 1000 enterprises, announced today it was awarded a contract from Mainetti Corporation to provide ERP and supply chain consulting services to support Mainettiâs global business needs.
Moody's puts Saks ratings on review (AP) Credit ratings agency Moody's Investors Service on Wednesday said it was placing ratings of Saks Inc. under review for a possible downgrade, due to lower-than-expected earnings in the third quarter.
Moody's lowers Quiksilver ratings on debt levels (AP) Moody's Investors Service on Wednesday lowered its ratings on outdoor apparel maker Quiksilver Inc., due to weakening liquidity and reliance on short-term debt following the sale of its Rossignol ski equipment business.
S&P lowers outlook on Host Hotels & Resorts (AP) Standard & Poor's Ratings Services said it lowered its outlook on Host Hotels & Resorts Inc. on the likelihood that an indicator of its revenue generation will continue to soften next year.
S&P puts Regal's ratings on CreditWatch negative (AP) Standard & Poor's Ratings Services put Regal Entertainment Group's ratings on CreditWatch with negative implications due to its higher debt leverage and concerns over its ability to meet financial lending requirements.
Senate to probe bond-ratings firms: report (Reuters) A U.S. Senate subcommittee is opening a probe into causes of the global financial crisis, focusing in part on whether bond-ratings firms, driven by conflicts of interest, boosted mortgage investments which have since collapsed, the Wall Street Journal said.
Principal Financial shares drop 18 pct to new low (AP) Shares of Principal Financial Group Inc. fell to new lows on Wednesday as stock in many life insurers tumbled over debt concerns involving commercial mortgage-backed securities.
Louisiana-Pacific rises after job cuts, upgrade (AP) Shares of Louisiana-Pacific Corp. surged Wednesday as an analyst upgraded the wood products maker after the company announced job cuts and other cost reductions.
