Fitch ratings drops funds.Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of announced on Oct. 31 that it will no longer rate the Arkansas Development Finance Authority's $7.4 million hospital revenue bonds on Washington Regional Medical Center. John Wells, senior director at Fitch Ratings, said the firm dropped the WRMC WRMC Workplace Relations Ministers' Council (Australia) WRMC Washington Regional Medical Center WRMC White River Medical Center (Batesville, AR) WRMC Wilkes Regional Medical Center bonds because the of the "lack of sufficient information." Wells said WRMC would not give Fitch enough relevant information. Wells said Fitch recently gave the WRMC bonds a "BBB BBB A medium grade assigned to a debt obligation by a rating agency to indicate an adequate ability to pay interest and repay principal. However, adverse developments are more likely to impair this ability than would be the case for bonds rated A and above. " rating, which he said means "investment-grade." Fitch had been covering the WRMC bonds since March 2000. |
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