Fitch eyes Lowes, Traviata

Fitch Ratings said it placed its ratings for Loews Corp. and Traviata BV under criteria observation after conversion of its 'Exposure Draft: Investment Holding Companies Rating Criteria' to final criteria on May 26.

“The new criteria represent a significant update from the previous methodology. In particular, analysts now have the flexibility to assign different weights to the Key Rating Drivers, especially if one element is significantly weaker than the others. We combine this with the introduction of an Investment Holding Companies (IHC) Rating Navigator,” Fitch said in a press release.

The agency said it plans to resolve the UCO within six months and that not all issuers will merit a rating change.

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