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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 ... Read more
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 ... Read more
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, ... Read more
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 ... Read more
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 ... Read more
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 ... Read more
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 ... Read more
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 ... Read more
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 ... Read more
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 ... Read more
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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 ... Read more
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. Read more
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 ... Read more
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 ... Read more
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 ... Read more
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 ... Read more
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