Treatment and Notching of Hybrids in Non-Financial Corporate and REIT Credit Analysis - Fitch Research

Treatment and Notching of Hybrids in Non-Financial Corporate and REIT Credit Analysis

Treatment and Notching of Hybrids in Non-Financial Corporate and REIT Credit Analysis - Fitch Research
Treatment and Notching of Hybrids in Non-Financial Corporate and REIT Credit Analysis
Published Nov 25, 2014
20 pages (10559 words) — Published Nov 25, 2014
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Brief Excerpt:

...Fitch Ratings applies the following guidelines to assess the effects of hybrid securities on the financial leverage of entities in the corporate and real estate investment trust (REIT) sectors and to rate these instruments. Fitch allocates hybrid securities into the following categories: 100% equity, 50% equity and 50% debt, or 100% debt. The decision to use only three categories reflects Fitchs view that the allocation of hybrids and capital securities into debt and equity components is a rough and qualitative approximation, and is not intended to give the impression of precision....

  
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MLA:
Fitch Research. "Treatment and Notching of Hybrids in Non-Financial Corporate and REIT Credit Analysis" Nov 25, 2014. Alacra Store. May 11, 2025. <http://www.alacrastore.com/fitch-credit-research/Treatment-and-Notching-of-Hybrids-in-Non-Financial-Corporate-and-REIT-Credit-Analysis-821568_report_frame>
  
APA:
Fitch Research. (). Treatment and Notching of Hybrids in Non-Financial Corporate and REIT Credit Analysis Nov 25, 2014. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/fitch-credit-research/Treatment-and-Notching-of-Hybrids-in-Non-Financial-Corporate-and-REIT-Credit-Analysis-821568_report_frame>
  
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