NEW YORK — Three corporates were placed on ratings watch negative by Fitch Ratings, but that doesn't mean the aggregates aren't a safe place for natural person credit union funds, said Ken Ritz, senior director of Fitch's banking group.
Stressed mortgage-backed securities aside, corporates have very strong management strategies, good liquidity and potentially a low-risk profile, he said.
"I want to be clear, it's not like we're saying it could impair capital to the extent that we're questioning the corporate's survival," Ritz said. "We still think they deserve those AA- ratings. We still view them as very solid companies."
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