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Prospect News home > News index > List of issuers M > Headlines for MF Global Holdings Ltd. > News item
Published on 10/31/2011 in the Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News High Yield Daily and Prospect News Preferred Stock Daily.

Fitch downgrades MF Global

Fitch Ratings said it downgraded MF Global Holdings Ltd.'s BB+ long-term issuer default rating to D, B short-term issuer default rating to D, BB+ senior debt rating to C and B+ preferred stock rating to C.

The ratings were removed from Rating Watch negative, where they were originally placed on Oct. 27.

The rating actions follow the announcement that MF and its subsidiary, MF Global Finance USA Inc., have filed for Chapter 11 bankruptcy protection.


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