|
|
Article: Fitch Rates Preferred Stock Issued Under the Treasury Capital Purchase Program.
- Article from:
- Business Wire
- Article date:
- December 10, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK -- Fitch Ratings has assigned ratings to the preferred stock issued under the Treasury's Capital Purchase Program (CPP). The CPP is one of the U.S. Government programs established to help stabilize and restore confidence in the U.S. banking system. (For more on the CPP and other U.S. Government programs, see Fitch's reports 'TARP Impact Positive for Financial Institutions', dated Oct. 10, 2008, and 'US Government Programs Stabilize and Strengthen US Banks', dated Oct. 20, 2008). The rated entities listed below reflect the companies that have already issued preferred stock under the CPP. The amount of preferred stock issued by each company individually ranges ...