Fitch Modifies Select Ratings Definitions

NEW YORK--()--Effective today, Fitch Ratings has changed the name of its 'Fund Credit Ratings' to 'Fund Credit Quality Ratings'.

Bond fund ratings and traditional credit ratings have different rating definitions, and this change will help to further differentiate the two. No changes were made to the underlying issuer ratings, only to the rating name.

Fitch has also revised its rating definitions for Recovery Ratings. The agency may now selectively assign Recovery Ratings to noninvestment grade credits; previously the rating definition restricted Recovery Ratings to credits in the 'B' category.

Fitch has revised the ratings definitions available on its website ('www.fitchratings.com') to reflect these changes.

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Contacts

Fitch Ratings
Eileen Fahey
Managing Director
+1-312-368-5468
Fitch Ratings, Inc.
70 West Madison St.
Chicago, IL 60602
or
Trevor Pitman
Group Managing Director
+1 44(0) 20 7417 4280
or
Media Relations
Brian Bertsch, +1 212-908-0549
brian.bertsch@fitchratings.com
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com

Contacts

Fitch Ratings
Eileen Fahey
Managing Director
+1-312-368-5468
Fitch Ratings, Inc.
70 West Madison St.
Chicago, IL 60602
or
Trevor Pitman
Group Managing Director
+1 44(0) 20 7417 4280
or
Media Relations
Brian Bertsch, +1 212-908-0549
brian.bertsch@fitchratings.com
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com