Fitch Ratings President and CEO Stephen Joynt today issued the following statement. Joynt's remarks were a response to comments made today by U.S. Secretary of the Treasury Henry Paulson in a speech at the National Press Club in Washington, DC. "We commend the President's Working Group on their thoughtful observations on the market events of the past several months," Joynt said. "We will continue, on our own and with our industry, to work with regulators, investors and other market participants to ensure that our ratings are the most transparent, useful and accurate that they can be."
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To keep cash flowing to the notes, the deal's senior notes have an interest reserve account covering three months' worth of class A note interest payments and fees.
2m ago -
Classes A-1FCF through A-1F will repay noteholders on a pro rata basis, while classes A2 through B3 will be repaid sequentially.
7h ago -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
8h ago -
The Elliot-backed manager doubles down on research and expertise to confront market challenges, including tight arbitrage and a looming 2028 debt maturity wall.
September 17 -
Federal Reserve Chair Kevin Warsh framed the central bank's move to increase interest rates as a moderate adjustment to rapid economic growth during his post-Federal Open Market Committee press conference.
September 16 -
The market initially showed relief after the initial confirmation of an anticipated inflation-fighting hike but discussion of a future raise renewed concern.
September 16








