More NewsTough Market Conditions for US Commercial Finance & Leasing Companies

Tough Market Conditions for US Commercial Finance & Leasing Companies

The Rating Outlook for the U.S. commercial finance and leasing sector remains Negative, according to Fitch Ratings. Since Jan. 1, 2001, Fitch has taken 31 rating actions, including lowering ratings 27 times for 16 issuers. During this period, four issuers had their ratings raised with only the iStar Financial Corp. action based on improved company fundamentals. The last 30 months, beginning with the problems announced by FINOVA Capital Corp., have been one of the most tumultuous periods ever for the commercial finance and leasing sector. During this period, not only did some of the largest issuer bankruptcies in the sector occur, FINOVA and Comdisco, Inc., but many industry constituents pondered the viability of the publicly-owned independent finance company business model, Fitch added.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha