Fitch Updates Hybrid Equity and Rating Criteria for Non-Financial Corporate and REIT Sectors

NEW YORK & LONDON & MOSCOW--()--Link to Fitch Ratings' Report: Treatment and Notching of Hybrids in Nonfinancial Corporate and REIT Credit Analysis

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=696670

Fitch Ratings has updated the criteria report titled 'Treatment and Notching of Hybrids in Nonfinancial Corporate and REIT Credit Analysis'.

This criteria report covers Fitch's treatment of hybrids in the analysis of Nonfinancial Corporate and REIT issuers and the notching of hybrids in these sectors. The updated criteria are substantially the same as the previous criteria. No ratings are immediately affected by this update.

Additional information is available at www.fitchratings.com.

Applicable Criteria and Related Research:

--'Corporate Rating Methodology' (Aug. 8 2012);

--'Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers' (Nov. 13, 2012);

--'Recovery Rating and Notching Criteria for Equity REITs' (Nov. 12, 2012);

--'Recovery Rating and Notching Criteria for Utilities' (Nov. 12, 2012).

Applicable Criteria and Related Research:

Corporate Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684460

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=693773

Recovery Ratings and Notching Criteria for Equity REITs

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=693751

Recovery Ratings and Notching Criteria for Utilities

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=693750

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Contacts

Fitch Ratings
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Steven Marks
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or
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Fitch Ratings CIS Limited,
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or
Jeffrey Woodruff, CFA
+44 20 3530 1281
Senior Director
Fitch Ratings Limited
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London E14 5GN
or
Rolando Larrondo
Director
+1-212-908-9189
Fitch, Inc.
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or
Media Relations:
Brian Bertsch, +1-212-908-0549 (New York)
brian.bertsch@fitchratings.com