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Credit Rating News

Economist: Austria to regain Triple-A credit rating in four years - People's Daily Online
Thu, 23 Feb 2012 00:45:13 GMT
22 (Xinhua) -- Austria is expected to regain its Triple-A credit rating from the agency Standard & Poor's (S&P) in four or five years, said an economist of the German Deka Bank here on Wednesday. Deka's chief economist Ulrich Kater said the rating ...
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Fitch Cuts Greece's Credit Rating By Two Notches from 'CCC' to 'C' - Arirang News
Thu, 23 Feb 2012 00:38:43 GMT
It came as no surprise, but Fitch Ratings DOWNGRADED Greece's credit rating by two levels lower to C from triple C leaving it just one grade above formal default. The international ratings agency said on Wednesday, a Greek debt default was "highly ...
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Rating cut comes as Greece seeks to cut €107bn off debt - Irish Times
Thu, 23 Feb 2012 00:10:54 GMT
GREECE HAS seen its credit rating cut as the country races to complete preparations for a deal to trim its debt by up to €107 billion in its second EU-IMF bailout. With demonstrators against austerity out in force on the streets of Athens yesterday, ...
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A.M. Best Affirms Ratings of HDI-Gerling America Insurance Company - Insurance News Net (press release)
Wed, 22 Feb 2012 23:19:27 GMT
AM Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of "a" of HDI-Gerling America Insurance Company (HDI-GAIC) ( Chicago, IL ). The outlook for both ratings is stable. The ratings of HDI-GAIC largely reflect ...
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A.M. Best Affirms Ratings of Life Insurance Company of Alabama - Insurance News Net (press release)
Wed, 22 Feb 2012 23:19:21 GMT
AM Best Co. has affirmed the financial strength rating of B+ (Good) and issuer credit rating of "bbb-" of Life Insurance Company of Alabama (LICOA) ( Gadsden, AL ). The outlook for both ratings is stable. The rating affirmations reflect LICOA's ...
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A.M. Best Assigns Ratings to Rutgers Enhanced Insurance Company - Insurance News Net (press release)
Wed, 22 Feb 2012 23:19:17 GMT
AM Best Co. has affirmed the financial strength rating of B+ (Good) and issuer credit rating of "bbb-" of Life Insurance Company of Alabama (LICOA) ( Gadsden, AL ). The outlook for both ratings is stable. The rating affirmations reflect LICOA's ...
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A.M. Best Downgrades and Places Ratings of Repwest Insurance Company Under ... - Insurance News Net (press release)
Wed, 22 Feb 2012 23:19:14 GMT
AM Best Co. has downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit rating to "bb+" from "bbb-" of Repwest Insurance Company (Repwest) ( Phoenix, AZ ). Both ratings have been placed under review with negative ...
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Greek Credit Downgraded Even with Bailout - The Chosun Ilbo
Wed, 22 Feb 2012 23:15:46 GMT
AM Best Co. has downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit rating to "bb+" from "bbb-" of Repwest Insurance Company (Repwest) ( Phoenix, AZ ). Both ratings have been placed under review with negative ...
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S&P Asgns Rtgs To Eastman Kodak DIP Facility - Reuters
Wed, 22 Feb 2012 22:54:58 GMT
The company's corporate credit rating remains 'D'. Kodak filed a voluntary petition under Chapter 11 of the Bankruptcy Code on Jan. 19, 2012. The higher rating on the DIP revolver reflects its senior repayment position and borrowing base restrictions ...
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S&P Assigns Semtech Corp. 'BB' Rating; Outlook Stable - Reuters
Wed, 22 Feb 2012 22:44:02 GMT
The company's corporate credit rating remains 'D'. Kodak filed a voluntary petition under Chapter 11 of the Bankruptcy Code on Jan. 19, 2012. The higher rating on the DIP revolver reflects its senior repayment position and borrowing base restrictions ...
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Credit Reporting Articles and News

Credit reporting bill turns into legislature’s most partisan debate so far this year - Denver Post
2012-02-22T06:27:07Z
With all of the contentious issues before Colorado legislature, it was somewhat of a surprise to see this morning that the the biggest partisan floor fight this year was over credit scores. Senate Bill 3, sponsored by Sen. Morgan Carroll, D ...
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Credit Reporting Service keeps contractors in the know. - ThomasNet Industrial News Room
2012-02-16T11:34:53Z
March 24, 2008 - ContractorCheck(SM) Pro provides home-improvement professionals with detailed reports of their contracting business's credit history as well as copy of ContractorCheck report that consumers receive when reviewing contractor's business.
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Keeping credit reporting firms, debt collectors honest - Los Angeles Times
2012-02-21T01:20:30Z
Pamela Johnson of Orange is one of many people who have recently received notices from a debt collector called West Bay Acquisitions over supposedly unreturned Hollywood Video DVDs. The video-rental chain's parent company, Hollywood ...
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Consumer Protection Bureau Proposes Oversight of Credit Reports and Debt Collectors Says Creditinfocenter.com - msnbc.com
2012-02-22T16:57:02Z
As announced in its press release February 16, the Consumer Financial Protection Bureau (CFPB) has proposed that it be given the authority to oversee the activities of credit reporting agencies and debt collectors. "Should oversight be granted, this would ...
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Regulator targets credit reporting firms and debt collectors - Worldnews.com
2012-02-16T23:59:20Z
The World News (WN) Network, has created this privacy statement in order to demonstrate our firm commitment to user privacy. The following discloses our information gathering and dissemination practices for wn.com, as well as e-mail newsletters. We do not ...
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Cordray: Credit Bureaus Are A "Murky Unknown" To Consumers - Consumerist.com
2012-02-21T17:12:33Z
Last week, the Consumer Financial Protection Bureau announced it was drafting new regulations that would allow for the oversight of the largest credit reporting bureaus and debt collection companies. The reason, explains CFPB head Richard Cordray is that ...
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