Market Overview

Fitch Updates Ratings Definitions

CHICAGO--(BUSINESS WIRE)--

Effective Wednesday Nov. 28, Fitch Ratings has made several updates to its Ratings Definitions for clarification.

Fitch has added a definition for 'unenhanced ratings'. Unenhanced ratings are credit ratings based on a fundamental credit analysis of the issue absent any enhancement such as guarantees, letters of credit or collateral. Fitch may choose to assign and publish an unenhanced rating alongside an enhanced rating if appropriate.

Fitch has also clarified its servicer scale ratings to note modifiers may be added if required by local regulations in countries that require specific prefixes or suffixes.

The updated Ratings Definitions are available on the Fitch website 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Eileen Fahey
Managing Director
+1-312-368-5468
Fitch, Inc.
70 W. Madison
Chicago, IL 60602
Trevor Pitman
Managing Director
+1 44(0) 20 7417 4280
or
Media Relations
Brian Bertsch
+1-212-908-0549
brian.bertsch@fitchratings.com

 

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