National Long-term Rating
: To 'A(bra)' Rating
Outlook Stable, from 'A-(bra)' Rating
of Mon Power reflect the benefits of ownership of interests in coal fired generation plants in PJM, the lack of competition in its West Virginia franchise service area, and adequate liquidity.
structured finance securities was robust with at least 96% of investment grade rated securities, in particular, either maintaining their rating
or experiencing upgrades over an average year.
However, Fitch's affirmation of HNT's senior debt rating
and the Rating
Outlook revision is not part of the implementation of the new methodology, but rather reflects Fitch's annual review of the company's performance and capitalization.
Fitch withdraws the 'BBq' IFS rating
and assigns a 'BBB+' IFS rating
Foreign Currency; 'BB-'; 'BB+', Rating
The commercial paper and surplus notes ratings
are based on the organization's moderate consolidated financial leverage and strong debt-repayment capabilities.
California (rated 'A') is assigned a Positive Rating
Outlook, reflecting general economic and revenue improvement and progress in reducing its structural imbalances, although the final outcome of the proposed budget could affect rating
Best's Impairment Rate and Rating
Transition Study - 1977 to 2005 demonstrates that impairment rates are inversely related to ratings
--the lower the rating
, the higher the impairment rate; the higher the rating
, the lower the impairment rate.
The average rating
difference on the triple rated bonds was 0.
The following rating
experienced an upward revision upon implementation of the new guidelines:
The relationship between life insurer's IDRs and existing senior unsecured debt ratings
is primarily dependent on characteristics of the regulatory jurisdictions and environments in which the debt issuing holding companies and subsidiary life insurance companies operate.