Home | Business News | Browse by Publication | T | Telecommunications Weekly

Fitch Downgrades 4 Classes of South Coast Funding VI, Ltd.; Assigns LS Ratings.

Publication: Telecommunications Weekly
Publication Date: 12-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Fitch Ratings has downgraded four classes of notes issued by South Coast Funding VI, Ltd. (South Coast VI) and assigned Loss Severity (LS) ratings.

These rating actions are the result of continued credit deterioration experienced since Fitch's last rating action. Approximately 69.8% of the portfolio carries a Fitch derived rating below investment grade, with 50.1% rated in the 'CCC' category or lower. These are up from 30% rated below investment grade and 8% rated 'CCC' and lower at the last review.

Beginning with...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Telecommunications Weekly
OUTPERFORM: SmartOps Forum 2009 Announces FORTUNE Magazine's Geoff Col..., August 12, 2009
Fitch Affirms MediCorp Health System VA Bonds at 'A-'; Outlook Stable., August 12, 2009
Bandals Debuting its 2010 Product Line at WSA Show in Las Vegas., August 12, 2009
The Shift: the Transformation of Today's Marketers into Tomorrow's Gro..., August 12, 2009
Governor Rendell Signs Warrants for Noel Matos Montalvo and Donald Mit..., August 12, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.