Fitch Ratings News and Credit Updates
Pennsylvania Turnpike Commission subordinate OFT bonds downgraded by Fitch, senior lien affirmed
Pennsylvania Turnpike Commission debt backed by oil franchise tax revenue is facing pressure from expectations of gradually declining pledged revenue as fuel consumption trends lower in the ...
Skyvest Renewables secures BB- rating for $150 million loan package
California-based Skyvest Renewables LLC is advancing its expansion plans with a new $150 million financing package tied to renewable energy development. The funding is set to support construction ...
Morgan Stanley Capital I Trust CMBS outlooks revised on lower pool balance
Credit conditions in a 2018 Morgan Stanley Capital I Trust commercial mortgage-backed securities deal remain mixed as the pool continues to pay down and several troubled loans stay under pressure. ...
MassDOT metro highway bonds affirmed at A as traffic supports revenue stability
Massachusetts transportation revenue bonds continue to show resilience as traffic trends and operating performance support debt repayment capacity. The latest rating action keeps MassDOT's Metro ...
Massachusetts SBA sales tax bonds affirmed at AAA and AA+ as Fitch removes observation status
Massachusetts School Building Authority bond ratings remain at the top end of the scale as dedicated sales tax revenues continue to support strong debt repayment capacity. Fitch Ratings also ...
Los Angeles water utility bonds win AA- rating as capital plan expands
Los Angeles Department of Water and Power is bringing $400 million of water system revenue bonds to market as it maintains a high-grade credit profile. The planned sale comes as the utility ...
Fitch affirms ratings on Chase Auto Owner Trust notes
Credit performance in two Chase Auto Owner Trust auto loan securitizations remains within Fitch Ratings' initial expectations as the deals continue to amortize. The agency says available credit ...
Legal & General rating affirmed by Fitch at AA
Legal & General retains a high insurer financial strength rating as pressure on financial markets continues to test balance sheet resilience across the insurance sector. The affirmation comes with ...
Delaware Life ratings placed on negative watch by Fitch after asset reclassification
Regulatory scrutiny and revised investment disclosures are increasing pressure on Delaware Life Insurance Company as questions build around its capital quality and oversight controls. The rating ...
Port of Seattle secures Fitch 'AA' and 'AA-' ratings on 2026 refunding bonds
The Port of Seattle is moving ahead with roughly $249.2 million in 2026 refunding bonds while maintaining stable credit profiles across its broader debt stack. The ratings action reflects the ...
Oklahoma Water Resources Board bond program wins AAA rating ahead of $430 million sale
Oklahoma Water Resources Board is preparing a $430 million bond sale to finance and refinance water project loans for eligible entities across the state. The Series 2026A state loan program ...
LAX People Mover bonds cut to BB as Fitch flags funding and revenue risks
Pressure is building on financing for the LAX People Mover project as cost overruns and delays weigh on its debt profile. The bond downgrade also reflects continuing weakness in air travel-linked ...
Los Angeles Unified School District cut by Fitch as fiscal strain deepens
Mounting budget pressure is weighing on Los Angeles Unified School District's credit profile as the agency lowers its issuer rating while assigning top marks to a new general obligation ...
Saint John Communities bond ratings upgraded by Fitch to BBB
Wisconsin-based Saint John Communities secures a ratings upgrade as stronger operations and a solid balance sheet support its credit profile. The stable outlook indicates Fitch expects the ...
Norton Healthcare revenue bonds receive A+ rating from Fitch
Louisville & Jefferson County Health System, operating as Norton Healthcare, secures an A+ rating on $115 million of variable rate demand revenue bonds. The Stable Outlook indicates Fitch expects ...
Palmdale school district ratings affirmed by Fitch, outlook remains stable
Palmdale School District retains its current credit ratings as borrowing conditions stay supported by stable reserves and a strong long-term liability profile. The review also highlights pressure ...
MLB Trust term notes gain Fitch 'A' rating as media revenue supports leverage
Major League Baseball's trust securitization is tapping debt markets with about $40 million in new senior secured term notes backed by league-level revenue streams. The rating action points to ...
CPS Energy refunding bonds gain Fitch AA- rating ahead of August sale
San Antonio is preparing to bring more than $1.1 billion of electric and gas system refunding bonds to market on behalf of CPS Energy. The planned 2026B offerings include both senior and junior ...
Saint John's Communities bond ratings upgraded to BBB+ by Fitch
Saint John's Communities has secured a higher credit rating after sustained occupancy gains and stronger liquidity supported its financial profile. The upgrade also covers bonds issued on its ...
Irvine Ranch Water District bonds win Fitch ratings ahead of 2026A sale
Irvine Ranch Water District is preparing a $75 million bond sale to fund capital improvements and related facilities in California. The series 2026A bonds carry Fitch Ratings grades of 'AA' and ...
Long Island Power Authority bonds win Fitch A rating as financial strength supports renewable strategy
Long Island Power Authority secures an 'A' rating for its electric system revenue bonds, underscoring steady utility finances and continued access to capital markets. The stable outlook also ...
