fitch ratings affirmed its credit and insurance strength ratings on Aflac Inc. (NYSE: AFL – News) and its subsidiaries, on Friday, despite the fact that almost 77% of the company’s operations are based in Japan, which was struck by devastating tsunami, earthquake and nuclear reactor disasters last month. The rating agency has upgraded its outlook to stable’ from negative,’ based on.
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NEW YORK, Jan 08, 2016 (BUSINESS WIRE) — Fitch Ratings assigns an ‘AA+’ rating to the following Alaska Housing Finance Corporation (AHFC) housing mortgage revenue bank bonds: –.88 million home mortgage revenue bonds, series 2009 B (bank bonds).
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Revenue bonds are another type of muni bond that is backed by the revenue generated by a specific project being financed by the bond issue. That perceived lower risk is reflected in the slightly lower interest-rate returns of essential services bonds compared with the returns of other revenue bonds.
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June 29 (Bloomberg) — Standard & Poor’s, Moody’s Investors Service and Fitch Ratings are masking burgeoning losses in the market for subprime mortgage bonds by failing to cut the credit ratings on about $200 billion of securities backed by home loans.
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