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No deal on Greek proposal as its bailout is about to expire; country set to default on IMF loans

...Parliament has already voted for it to go ahead.Greece suffered its second sovereign downgrade in as many days when the Fitch ratings agency lowered it further into junk status, to just one notch above the level where it considers default inevitable...

http://chronicle.augusta.com/news/business/2015-06-30/no-deal-greek-proposal-its
Sears to raise cash through Canadian sale

...400 million secured short-term loan from entities allied with Lampert's ESL Investments.Credit ratings agency Fitch Ratings called the loan a short-term fix for a "much larger need" of cash and downgraded Sears' credit rating deeper into...

http://chronicle.augusta.com/news/business/2014-10-02/sears-raise-cash-through-c
Columbia County Commission approves SPLOST project list

...department's aging radio system.Johnson also pointed out that the county just had its AAA bond rating reaffirmed by Fitch Ratings Inc.Fitch cited the county's strong finacial profile, a stable econonmy and low debt load among its reasons for...

http://chronicle.augusta.com/news/government/2014-08-06/columbia-county-commissi
Georgia Regents turns around finances

...second half of the year," he said.The environment will not be helpful, however, Azziz said. Rating agencies like Fitch Ratings and Moody's have negative outlooks for nonprofit hospitals this year, he said."These are not good times for nonprofit...

http://chronicle.augusta.com/news/health/2014-01-23/georgia-regents-turns-around
Commission to discuss redevelopment loan request

...the impact of depleting the city's savings on its stellar AA2 bond rating from both Moody's Investors Service and Fitch Ratings.The ratings agencies use a complex, proprietary formula to issue credit ratings, but the amounts a government has...

http://chronicle.augusta.com/news/government/2013-08-19/commission-discuss-redev
Uncertainty awaits airline industry without merger

...longer-term earnings prospects are jeopardized," J.P. Morgan analyst Jamie Baker wrote in a note to clients. Fitch Ratings said the government's move against the merger was a negative for the industry's credit ratings.American declined...

http://chronicle.augusta.com/news/business/2013-08-14/uncertainty-awaits-airline
Credit raters under fire in Europe after debt fallout

...Some European officials are calling for curbs on rating agencies such as Standard & Poor's, Moody's Corp. and Fitch Ratings. They argue that conflicts of interest and bad information make the agencies' assessments unreliable, even dangerous...

http://chronicle.augusta.com/news/business/2010-04-29/credit-raters-under-fire-e
Business
Business briefs

...restructuring loan. On Tuesday, it got one of the two investment-grade ratings it needs to get those assets back.Fitch Ratings raised the automaker's credit from junk status to "BBB minus," the lowest investment-grade rating. The agency...

http://chronicle.augusta.com/news/2012-04-24/biz-briefs
Federal focus on faulty debt ratings

...agencies in the financial meltdown. The three dominant agencies -- Moody's Investors Service, Standard & Poor's and Fitch Ratings -- have been widely criticized for failing to give investors adequate warning of the risks in subprime mortgage securities...

http://chronicle.augusta.com/stories/2009/12/10/bus_558914.shtml
Business
Auto parts supplier hits credit line

...General Motors Corp. and the United Auto Workers union are unsuccessful. Standard and Poor's Ratings Services, Fitch Ratings and Moody's Investors Service all lowered Delphi's credit rating further into "junk" status on the news. S...

http://chronicle.augusta.com/stories/2005/08/06/bus_443746.shtml
Business