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S&P expects to be sued by Justice Department over ratings of mortgage-backed bonds

...parent of Moody's Investors Service, another rating agency, closed down nearly 11 percent.S&P, Moody's and Fitch Ratings, the third major rating agency, have been blamed for helping fuel the financial crisis by assigning AAA ratings to...

http://chronicle.augusta.com/news/business/2013-02-05/sp-expects-be-sued-justice
Business briefs

...forecast to 435 million trips, down 1.9 percent from April's estimate.Fitch keeps US rating at 'AAA'WASHINGTON - Fitch Ratings has retained the U.S. at its top 'AAA' credit rating but also left the outlook negative, citing the failure of...

http://chronicle.augusta.com/news/business/2012-07-10/business-briefs
More US homes facing foreclosure risk

...12 percent of the loans behind in payment in June ? the highest level since the first half of 2009, according to Fitch Ratings."These properties that are starting the foreclosure process are mostly homeowners who likely have been missing...

http://chronicle.augusta.com/news/business/2012-07-12/more-us-homes-facing-forec
Bank of America to pay $2.43 billion in settlement

...up to snuff, Ely said. The bank "still is not a top-notch performer. It has got more work to do," he said.Fitch Ratings said it views the settlement as "a positive step for (Bank of America) toward resolving its multitude of legal issues...

http://chronicle.augusta.com/news/business/2012-09-28/bank-america-pay-243-billi
Dow falls 313 in second consecutive post-election sell-off

...fiscal picture," Paul Ashworth of Capital Economics, an economic research company, said in a note to clients.Fitch Ratings offered a warning Wednesday about the perils facing the U.S. If Obama does not quickly forge agreement with Congress...

http://chronicle.augusta.com/news/business/2012-11-07/dow-falls-313-second-conse
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
Business news

...into the European debt crisis.Italy's move to intensify its austerity drive received a much-needed boost from Fitch Ratings agency, which said the measures will help stabilize the government's finances and its credit rating. Fitch is the...

http://chronicle.augusta.com/news/business/2011-07-13/business-news
Debt rating would raise political cost

...bond ratings for their taxpayer-covered, general obligation bonds from Moody's, Standard & Poor's Co. and Fitch Ratings.That top rating saves South Carolina some money when it borrows, but the number is not huge. The difference between...

http://chronicle.augusta.com/news/metro/2011-07-20/debt-rating-would-raise-polit
S. Carolina credit ratings threat cause unclear

...the Aaa rating reinstated, only to have it slip again in 2005 to AA-plus. South Carolina has an Aaa rating from Fitch Ratings, the other major rating agency.Matt Mitchell, a research fellow at the Libertarian-leaning Mercatus Center...

http://chronicle.augusta.com/news/metro/2011-07-26/s-carolina-credit-ratings-thr
Economic hardship continues in Europe

...the currency used by 17 European nations ? and threatening the entire global economy.In quick succession:? The Fitch Ratings agency announced it was considering further cuts to the credit scores of six eurozone nations: heavyweights Italy and...

http://chronicle.augusta.com/news/business/2011-12-16/economic-hardship-continue