CHICAGO--(BUSINESS WIRE)--Fitch Ratings has updated its Ratings Definitions, expanding the application of Expected Ratings to new issuers pending a proposed restructuring or refinance in the market.
Ratings definitions were modified following the publication of a special report 'Assigning Corporate Ratings to Issuers in Restructuring' dated May 3, 2013.
In addition, minor changes are made to recognize the potential of a covered bond issuance to be designated as 'RD' or 'D'. This was also announced previously in a press release regarding Cypriot covered bonds.
Changes have been made to the Ratings Definitions available on the Fitch website at 'www.fitchratings.com'.
Additional information is available at 'www.fitchratings.com'.