fitch ratings

Fitch Ratings on Monday cut its long-term default rating on electronics retailer Best Buy Co. by two notches to the lowest investment-grade rating.

The agency cited weak sales trends at established stores, tough competition and a battle for market share as more shoppers buy electronics online or at discount retailers.

Fitch Ratings agency on Monday cut the outlook for Belgium's government bonds, citing the risk that political disagreements over the creation of a new government could hurt the country's drive to lower debt.

Stocks are down sharply after Spain suffered another downgrade to its credit rating. The move by Fitch Ratings is raising concerns about the health of Europe's economy.

Coca-Cola Enterprises said Tuesday it has elected Veronique Morali, a vice chairman of Fitch Ratings' parent company, to its board, effective Feb. 11.

Dec. 3 -- Richard Fox, head of Middle East and Africa Sovereign Ratings at Fitch Ratings, talks with Bloomberg's Andrea Catherwood about Abu Dhabi's ability to support Dubai during its debt crisis.

In the suit, the state’s attorney general asserted that Standard & Poor’s, Moody’s and Fitch Ratings provided misleading ratings that led to hundreds of millions of losses for state funds.

Fitch Ratings raised its outlook for Bon-Ton Stores Inc. on Friday from "Negative" to "Stable," citing the department store operator's reworked credit agreement.

Standard & Poor's Ratings Services and Fitch Ratings said Tuesday they would assign investment-grade ratings to Boeing Co.'s proposed offering of $1.2 billion in senior unsecured notes.

The slump in revenue at U.S. airlines is slowing and the carriers' financial health should improve modestly over the next year, according to a major credit-rating agency.

Fitch Ratings reiterated its ratings for The Walt Disney Co. Monday in the wake of the company's announcement that it will buy Marvel Entertainment Inc. for $4 billion in cash and stock.