What is a WD Fitch rating?
Fitch Ratings – Chicago – 03 Dec 2021: Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) for Western Digital Corp. (WD) to ‘BBB-‘ from ‘BB+’ and upgraded the senior unsecured rating to ‘BBB-‘ from ‘BB+’/’RR4’.
How do you read a Fitch rating?
Fitch’s credit rating scale for issuers and issues is expressed using the categories ‘AAA’ to ‘BBB’ (investment grade) and ‘BB’ to ‘D’ (speculative grade) with an additional +/- for AA through CCC levels indicating relative differences of probability of default or recovery for issues.
What does Fitch BBB+ rating mean?
The capacity for payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions. Good credit quality. BBB. BBB+
What is Fitch investment grade?
Bonds with a rating of BBB- (on the Standard & Poor’s and Fitch scale) or Baa3 (on Moody’s) or better are considered “investment-grade.” Bonds with lower ratings are considered “speculative” and often referred to as “high-yield” or “junk” bonds.
What is AA credit rating?
CRISIL AA (SO) (High Safety) Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
Is a Fitch rating good?
Along with Moody’s and Standard & Poor’s (S&P’s), Fitch is one of the top three credit rating agencies in the world. The Fitch rating system is very similar to that of S&P in that they both use a letter system. AA: still high quality; still has a low default risk.
What does a CCC rating mean?
CCC. An obligation rated ‘CCC’ is currently vulnerable to nonpayment, and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitment on the obligation.
Why does Fitch withdrawn ratings?
Fitch Ratings – London – 05 Apr 2022: Fitch Ratings has withdrawn International Bank for Economic Co-operation’s ratings. The withdrawals are for commercial reasons. Due to lack of information, no further rating actions were taken prior to withdrawal.
What is F1 Fitch rating?
F1(xxx) Indicates the strongest capacity for timely payment of financial commitments relative to other issuers or obligations in the same country. Under the agency’s National Rating scale, this rating is assigned to the lowest default risk relative to others in the same country.