Posts Tagged ‘credit rating’

Fitch makes rating decisions on three banks

by MBJ Staff Published: September 7,2011

Tags: banking and finance, Banks, credit rating, debt rating, financial institutions

GULFPORT and JACKSON — Fitch Ratings has made rating decisions on three banks. Fitch upgraded Whitney Bank’s long-term issuer default rating (IDR) to “BBB+” in the wake of the company’s June 2011 acquisition by Hancock Holding Company (HBHC). Additionally, Fitch has assigned initial long- and short-term IDRs to Hancock Holding and Hancock Bank of “BBB+/F2.” […] [...]

Fitch revises Whitney’s ratings after Hancock merger

GULFPORT — With the closing of Hancock Holding Company’s (HBHC’s) purchase of Whitney Holding Corp (WTNY) June 4, Fitch Ratings has revised the “Rating Watch” on Whitney Bank (previously Whitney National Bank) to “positive” from “evolving.” Concurrent with this action, Fitch has withdrawn the ratings of Whitney Holding Corporation following the closing of the transaction […] [...]

Fitch rates JMAA’s revenue bonds ‘A-’

by Wally Northway Published: July 7,2010

Tags: airports, credit rating, transportation, travel

JACKSON — Fitch Ratings has affirmed the Jackson Municipal Airport Authority’s (JMAA’s) approximately $45-million revenue refunding bonds series 1998, 2005 and 2007 at “A-.” The bonds are secured by a pledge of general airport revenues collected at the airport, after payment of operating and maintenance expenses, on a first lien pari passu basis. The rating […] [...]

Fitch downgrades Baptist’s bonds

by Wally Northway Published: May 21,2010

Tags: bonds, credit rating, healthcare, investing, stocks and bonds

JACKSON — Fitch Ratings has downgraded Mississippi Baptist Health System’s (MBHS’) $113.9-million Mississippi Hospital Equipment and Facilities Authority revenue bonds, series 2007A, to “BBB+” from “A-.” The rating outlook is revised to “stable” from “negative.” Fitch said the downgrade reflects declining profitability and weakening business position. Profitability continues to decline with earnings deteriorating since the […] [...]

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