Growing Prevalence of Ratings Triggers Won’t Change How Fitch Evaluates Existing Deals
March 15, 2002
Officials at Fitch rating agency say they won’t be deterred by the growing use of ratings triggers in financial contracts. But that doesn’t mean the company won’t consider the potential consequences of any future downgrades. “I don’t think any sort of ratings triggers on transactions would ever prevent us from taking a rating action,” said Trevor Pitman, a group managing director in Fitch’s