...Fitch Ratings recently published a special re port entitled Corporate Liquidity: Bank Agreements and Refinancing Risk, which disc usses Fitch s view of the current credit market environment. The report emphasizes that Fitch s ratings and analysis of corporate liquidity are weighted more heavil y toward internal sources of funds: cash holdings and cash generated from operations. In addition, the report reminds investors that Fitch will continue to highlight potentia l covenant violations in its rating actions and commentary, and will likely be more aggressive in taking actions where liquidity over the near term is reliant upon the fo rbearance of banks. While Fitch performs comprehensive ongoing liquidity surveillance as a function of its core rating process, this report provides a more in-depth analys is of U.S. technology sector liquidity. ...

Report Type: Special Report
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 Fitch Research
Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.