The Fitch Ratings agency lifted Ford's credit rating from junk status to investment grade Tuesday, a sign that the company's recovery from near collapse is almost complete.
But Ford Motor Co. needs another agency, either Standard & Poor's or Moody's, to make the same upgrade before it can get its blue oval logo, factories and other assets out of hock.
Abercrombie & Fitch Co illustrated Top Momentum - NYSE:ANF
Abercrombie & Fitch Co Non Normal Trade in last session - NYSE:ANF
Fitch Confirms U.S ‘AAA’ Credit Rating, Dollar Firm Against Yen
The U.S dollar is trading firmly today against the majors, after Fitch confirmed the U.S credit rating at ‘AAA’. Some currency analysts are viewing today’s news as evidence that the U.S dollar is still one of the major ‘safe-haven’ currency to go to during uncertain global economic outlook.
British Pound Weakens as Fitch Ratings Calls U.K. Fiscal Challenge “Formidable”
Fitch Cuts Greece’s Credit Rating to Lowest Investment Grade
For Ratings Firms Holding AAA Sacrosanct is Foolish
This article looks at why the ratings firms should act now to repair their reputations by doing broad based downgrades. It also examines the effect this would have on GSEs and the capital adequacy ratios of many financial firms. It points out the disconnect between the rating's firms own loss projections and the ratings they have on AAA tranches.