(RTTNews) - After falling sharply at the open, stocks have seen some further downside over the course of the first half-hour of trading on Friday. The major averages have moved more firmly into negative territory, adding to the steep losses posted in the previous session.
Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) for SunTrust Banks, Inc. (STI) and its bank subsidiary, SunTrust Bank, at 'A+'. The short-term IDRs for both entities were affirmed at 'F1' and 'F1+', respectively. The Rating Outlook has been revised to Negative. A complete list of ratings follows:
MUMBAI (Thomson Financial) - Fitch Ratings said it has revised the ratings outlook of SunTrust Banks Inc and its bank subsidiary, SunTrust Bank, to negative and affirmed their long term issuer default ratings at 'A+'.
AUGUSTA †A recent report by an assistant professor of architecture at the University of Maine at Augusta has some negative things to say about the stage at the Cony Flatiron Building.
Up to 70,000 first time house buyers who took on mortgages since 2006 face negative equity thanks to the Government's mishandling of the economy, according to Fine Gael's deputy leader, Richard Bruton.
KKR Private Equity Investors, the Amsterdam-listed fund from US buyout house Kohlberg Kravis Roberts, has reported a negative return for last year after reducing the unrealised value of some of its investments by $259m (€171m) in the fourth quarter.
Fitch Ratings placed MF Global Ltd.'s credit ratings on review with negative implications on Thursday after the company disclosed a $141.5 million loss stemming from an employee's unauthorized trading.
BANGALORE (Thomson Financial) - Standard & Poor's Ratings Services said it has placed its ratings for MediaNews Group Inc, including the 'B' corporate credit rating, on negative watch.
STOCKHOLM (Thomson Financial) - Shares were lower in midday trade, hit by weak euro area consumer confidence data and indications of a negative opening on Wall Street later today.
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