Google other companies Fitch has withdrawn it's service from, they are usually Chinese or Russian companies.
I wonder how HAL people are gonna spin this?
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I like this part "An entity may cease to exist in the course of a merger process or following a bankruptcy." While I don't necessarily see HAL going Chap 7 or 11, I do see GE lurking in the background.
Sperry ball and chain.
" or where it ceases to cooperate with the agency and the balance of public disclosure is insufficient to support a rating."
As the most likely reason, one has to wonder what Uncle Dave is trying to hide".
Directly from FITCHs website. The reader can draw their own conclusions.
Withdrawals
Numerous factors are considered by Fitch Ratings when reviewing a rating for withdrawal. An entity may cease to exist in the course of a merger process or following a bankruptcy. A rated transaction may be repaid in full. Information available to the agency may be insufficient to maintain a rating. This may occur where an issuer de-lists from a stock exchange, or where it ceases to cooperate with the agency and the balance of public disclosure is insufficient to support a rating. Finally, the agency may withdraw ratings where the level of market interest, sector coverage, or resource allocation leads the agency to discontinue analytical coverage.
With the exception of transactions that are repaid in full on schedule, all withdrawals of public ratings are disclosed in a rating action commentary, published on the agency's websites, and disseminated through the agency's electronic rating feeds. The withdrawal announcement will typically simply state the rating has been withdrawn, the level of the rating at withdrawal, the reason for the withdrawal and that analytical coverage will cease.
Withdrawals cannot be used to forestall a rating action. Every effort is therefore made to ensure that the rating opinion upon withdrawal reflects an updated view. Where significant elements of uncertainty remain (for example, a rating for an entity subject to a takeover bid) or where information is otherwise insufficient to support a revised opinion, the agency attempts when possible to indicate in the withdrawal disclosure the likely direction and scale of any rating movement, had coverage been maintained.